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, […]
05/15/2024
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, […]
12/28/2023
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 […]
11/28/2022
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, […]
10/03/2022
Are you a small business owner living overseas? Do you earn income or pay contractors through third-party payment processors, such as Stripe or PayPal? On top of your standard paperwork, such as Form W-9, and confidentiality agreements, there’s another document many small business owners might also have to consider when thinking about taxes: Form 1099-K. […]
09/12/2022
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 […]
09/02/2022
Because of citizenship-based taxation, US expats must still file a tax return to the IRS even while living overseas. This leaves many dual resident taxpayers worried that they’ll be paying taxes twice on the same income, which is where tax treaties sometimes help. The United States has tax treaties with 69 other countries. Thanks to […]
08/16/2022
Moving overseas is a major life goal for many Americans. According to a Gallup poll, over 16% of Americans would like to move out of the US in the future. Further, that number is increasing year over year as Americans embrace location-independent work post-COVID. Whether it’s to retire early or escape the current political climate, […]