07/16/2024
Americans who earn above a certain threshold — even those living abroad — must file a federal tax return each year. While Americans living within the US must file their return by April 15th, US expats have a June 15 tax deadline. Fortunately, those who need extra time can request an extension. While the time […]
05/24/2024
If you want to start a limited liability company (LLC) based in the United States while living abroad — or have just done so — you probably have questions about how taxes work. While filing taxes as an expat LLC owner can be complicated, it’s often well worth the effort. When you open an LLC, […]
05/24/2024
Running your own business as an expat is surely fulfilling, but when tax season approaches it can turn you into a bundle of nerves. Especially if you have a special business structure like an S corporation. An S corporation is basically a small business that gets some sweet tax perks. It’s like a regular corporation, […]
02/04/2025
Tax season for expats is at its peak — there’s not much time left to get your documents in order. If you don’t have them all sorted out by now, you’re probably in a rush. But you know what they say — speed is the enemy of perfection. And when it comes to tax paperwork, […]
01/26/2025
Two of the most common additional US tax forms expats have to file are the FBAR and Form 8938 — but what is the difference between FBAR vs. 8938? While foreign assets are reported on both of these forms, they differ in terms of asset type and reporting thresholds. It’s important to understand the differences […]
12/05/2023
IRS provisions like the Foreign Housing Exclusion often aren’t the first thing US expats think about when moving overseas, but they should be! All US citizens and permanent residents are required to file a federal US tax return every year, even if they live and pay taxes outside the US. While this is a hassle, […]
10/02/2024
If you’re a business owner, freelancer, independent contractor, or otherwise self-employed, you may have already heard about Form 1099-K. While the form was first introduced in 2011, it’s made headlines in recent years for drastic changes in its reporting thresholds — which have changed yet again for 2024. Below, we’ll walk you through the basics […]
06/03/2024
First things first – US citizens living abroad must file a tax return and declare their worldwide income. That’s because the United States is one of the only countries that apply citizenship-based taxation, which leaves many expats wondering if they’ll have to pay taxes twice on the same income. Thankfully, the Foreign Earned Income Exclusion […]
08/27/2024
As you may already know, moving abroad doesn’t mean you’re off the hook for US taxes. All American citizens and permanent residents who earn above the reporting threshold must file (and pay) US taxes. If they’re also subject to taxes in a foreign country, they may find themselves reporting same income twice — that’s where […]
01/09/2025
Nearly a third of Americans say they would like to move overseas if they had the opportunity to do so. While moving abroad can be the adventure of a lifetime, it can complicate your United States tax and reporting obligations. Case in point: FinCEN Form 114, also known as the Foreign Bank Account Report (FBAR). […]