05/30/2019
The new 2018 IRS Tax Book has confirmed that the IRS continued the trend of auditing a much higher proportion of international tax returns then domestic ones in 2018. While a total of 0.6% of all individual federal income tax returns were audited during the year, the figure for international returns is nearly six times the […]
05/23/2019
Under the 2015 Protecting Americans from Tax Hikes (PATH) Act, the IRS is required to certify to the State Department any taxpayer who owes at least $52,000 (the figure is adjusted for inflation annually) in back taxes. The State Department then blocks any application from that person to receive or renew a new US passport. US filing […]
05/13/2019
Archie Harrison Mountbatten-Windsor was born to parents Prince Harry of England and Princess Meghan Markle this week. The baby prince is currently seventh in line to the British throne. But is he British or American (or both), and if he’s American, will he have to pay US taxes? Citizenship based taxation The US has an […]
04/29/2019
American expats are required to file a US tax return each year, reporting their worldwide income. Expats may also have to report their foreign businesses, assets, and financial accounts, depending on factors including their types and values. When expats file, they can normally claim one or more IRS exemptions or tax credits that reduce their […]
04/25/2019
All American citizens and green card holders are required to file a US tax return every year, reporting their worldwide income, including those who live abroad. Expats however have an automatic extension until June 15th to file, and they can request a additional extension too, should they need it. When expats file, they must also […]
04/08/2019
The United States taxes based on citizenship. This means that all US citizens (and green card holders), including anyone with the right to US citizenship, are liable to pay US taxes, wherever in the world they live. This often leaves US expats having to file both a US tax return as well as a tax […]
04/04/2019
Americans living abroad are required to file a US tax return, reporting their worldwide income, just as if they were living in the States. To avoid paying US taxes as well as foreign taxes on their worldwide income, the IRS has made a number of provisions available, such as the Foreign Tax Credit and the Foreign […]
03/28/2019
‘Non-resident alien’ is the term that the IRS uses to describe foreigners who live abroad. Many Americans marry non-resident aliens, perhaps having met them while travelling or working abroad. Many of these Americans then live abroad as expats after having married them. American expats are still required to file US taxes every year, reporting their […]
03/04/2019
Many of the 9 million Americans who live overseas have settled abroad permanently, perhaps because they have retired abroad, married a foreigner, or fallen in love with a particular place. Many of these long-term expats purchase foreign real estate, either to live in, or as an investment to provide them with rental income. All American […]
02/18/2019
All Americans, including expats, have been required to file US taxes, reporting their worldwide income, since the nineteenth century. It’s only over the last few years though that, due to foreign banks and governments now sharing expats’ financial data with the IRS the federal government has been able to enforce the requirement for expats to […]