06/11/2025
Some IRS forms make your heart sink. This one might make it skip a beat—in a good way. Form 14653 isn’t just paperwork. It’s a strategic reset button for U.S. expats who’ve fallen behind on their taxes. No penalties, no drawn-out negotiations—just a shot at getting compliant under the Streamlined Foreign Offshore Procedures, as long […]
06/09/2025
If you’ve ever wondered whether you need to file FBAR, Form 8938, or both, you’re not alone. It’s one of the great rites of passage for U.S. expats: realizing that the IRS and FinCEN both want a peek at your foreign accounts—but through entirely different lenses. Both forms exist to catch unreported foreign financial assets, […]
06/09/2025
If you’re a U.S. citizen living abroad and investing locally, there’s a decent chance the IRS has its eye on your portfolio—even if you’ve never heard of a PFIC. PFICs, or Passive Foreign Investment Companies, sound like something you’d only encounter in a finance textbook. In reality, they include many common investment vehicles like non-U.S. […]
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, […]
04/25/2025
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, […]
04/30/2025
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 […]
02/24/2025
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 […]