04/08/2021
Americans living abroad have to file US taxes, reporting all of their worldwide income, regardless where in the world they are or where their income originates or is paid. Many expats struggle to understand this requirement, especially seeing as most other countries only tax residents and income accrued in the country. The US tax system […]
12/15/2020
With all Americans, including expats, having to report their worldwide income by filing a US federal tax return every year, the Foreign Earned Income Exclusion provides Americans living abroad a way to reduce their US tax bill (in many cases to zero). In 2021, for many Americans expats around the world filing their 2020 US […]
08/13/2020
What if we told you there was a three-page tax form that could potentially save you tens of thousands of dollars on your US tax bill? While it may sound too good to be true, it’s not. Qualifying expats can use IRS Form 2555 to claim a couple of major tax breaks, allowing them to […]
04/30/2020
US expats are required to file a US tax return, reporting their worldwide income, wherever in the world they live. The Foreign Earned Income Exclusion is an IRS provision that expats can claim that helps them reduce their US tax bill, often to zero, when they file from abroad. This year though, due to the […]
03/23/2020
As a US citizen or green card holder living abroad, navigating the complexities of American tax rules can be daunting. Unlike many other countries that tax only income earned within their borders or require only residents to file, the US taxes its citizens and green card holders on their global income—no matter where they live. […]
12/09/2019
Because the US taxes based on citizenship, American expats have to file US taxes from abroad, reporting all of their global income. Many Americans also have to file foreign taxes too, depending on the rules in the country (or countries where they live). Americans also often have to report their foreign registered bank and investment […]
03/18/2019
All Americans (including green card holders) are required to file US taxes, reporting their worldwide income, including expats. Many expats mistakenly assume that they don’t have to file US taxes if they don’t have US sourced income, or due to a tax treaty, however all Americans who earn over $12,000 or just $400 of self-employment […]
02/07/2019
Many Americans living abroad have heard that their income up to a certain threshold is exempt from US taxation. The truth is a little more complicated however. Due to America having a citizenship based taxation system, all Americans, including expats, are required to file a federal tax return each year, reporting their worldwide income. When […]
12/10/2018
Because all American citizens and green card holders are required to file a US tax return, reporting their worldwide income, the IRS provides a number of exemptions that can be claimed that help expats minimize (and most often eliminate entirely) their US tax liability. These exemptions must be claimed when expats file their federal […]
09/17/2018
Because the US taxes based on citizenship rather than on residence, all American citizens and green card holders, including expats, have to file US taxes, wherever in the world they live. To mitigate the risk of double taxation (expats having to pay taxes abroad as well as to the US) that the requirement raises, […]