06/20/2022
Living abroad as a US expat comes with many benefits – the opportunity to immerse yourself in a new culture and build new communities of friends and colleagues, all while exploring the world at large. And yet, along with all of these freedoms and experiences, comes potential frustrations as well. Example: When it comes to […]
06/10/2022
If you’re an American citizen that lives overseas, then you need to know about IRS Form 1116. It’s the form that helps you claim the Foreign Tax Credit (FTC), which can save you from having to pay taxes both in your new home country and the US. Don’t forget that the US has a citizenship-based […]
04/29/2021
Americans living abroad still have to file US taxes, even if they have to file foreign taxes too. This is because the US taxes based on citizenship and regardless of residence. As a result, expats have to file a US federal tax return every year reporting their worldwide income. To avoid US taxation on their […]
07/26/2019
All Americans, including those who live abroad, are required to file US taxes, reporting their worldwide income. The US is the only country (besides African minnow Eritrea) that requires all of its citizens to file and pay taxes on their global income even if they live abroad. In contrast, the majority of foreign countries either […]
05/06/2019
All Americans have to file a US tax return, reporting their worldwide income, including expats. This is because the US taxes based on citizenship, rather than based on residence like most other countries. This means that many Americans living abroad face the prospect of double taxation, paying income taxes both in the country where they […]
03/21/2019
The US taxes all US citizens and green card holders on their worldwide income, regardless whether they live in the US or abroad. The tax treaties that the US has signed with around 100 other countries don’t prevent American expats from having to file US taxes. Instead, to prevent expats paying US taxes on income […]
11/12/2018
Of the more than nine million Americans who live overseas, many of them only discovered that they are required to file U.S. taxes from abroad, reporting their worldwide income, after they had moved. Millions of U.S. expats must also pay income tax in the country where they live, so the question arises of how to […]
08/13/2018
Many expats are surprised or even shocked when they discover that they have to file US taxes from abroad. They may be paying foreign taxes where they live already, and anyway no other country (except Eritrea) requires expats to continue filing if they move abroad. While the US has tax treaties with over 100 other […]
05/10/2018
Americans living abroad are required to continue filing US taxes just as if they were still living in the States, reporting their worldwide income. In fact, filing US taxes is often more complex for American expats than for Americans living in the States, as they often have extra reporting requirements under FATCA or FBAR, while […]
08/30/2016
The US is the only developed country in the world that taxes foreign-sourced income of non-residents. This means that US citizens (including so-called ‘Accidental Americans‘) who meet certain minimum income thresholds still have to file a US federal income tax return to declare their worldwide income if they live or earn abroad. Many Americans living abroad will […]