02/04/2019
Since the nineteenth century, the US has required all American citizens to file a US tax return, reporting their worldwide income, even if they live abroad. This leaves American expats around the world exposed to the possibility of double taxation, having to file taxes both to the US and in the country where they live. […]
12/03/2018
Americans who move abroad are required to continue filing US taxes, reporting their worldwide income, wherever in the world they may live. The US is almost unique in having this requirement for expats to file. As expats may also have to pay taxes in the country where they live, the IRS has provided some exemptions, […]
11/21/2018
What is form 8858? The IRS requires US taxpayers who are owners of Foreign Disregarded Entities to file form 8858, Information Return of US Persons With Respect to Foreign Disregarded Entities. What is a Foreign Disregarded Entity? The IRS defines a Foreign Disregarded Entity (FDE) as “an entity that is not created or organized in […]
11/05/2018
Americans living abroad are required to continue filing a U.S. federal tax return, reporting their worldwide income. To avoid having to pay U.S. taxes, expats must claim one or more exemptions that the IRS has made available for them, such as the Foreign Earned Income Exclusion and the Foreign Tax Credit by filing additional forms. […]
09/24/2018
The US requires expats to file US taxes from abroad, reporting their worldwide income. To avoid double taxation (expats paying taxes on the same income to both the US and in the country where they live), the IRS offers a number of exemptions that expats can claim when they file, including the Foreign Tax Credit […]
07/30/2018
US expats are required to file US taxes, just like Americans living stateside. This is because America taxes based on citizenship, rather than on residence the way most countries do. Thankfully, the IRS has made several exemptions available that reduce or for most expats eliminate their US tax liability. The most common and effective of […]
07/26/2018
When American expats discover that they are required to file US taxes from abroad, the idea that they should have to file two tax returns, in the country where they reside as well as to the IRS, seems incredible. The US tax system has been this way since the Civil War though, requiring all Americans […]
07/09/2018
American citizens and green card holders are required to continue filing US taxes, reporting their worldwide income, after they relocate abroad. This is because the US taxes based on citizenship, rather than on residence like most other countries. When they file, expats can claim one or more exemptions such as the Foreign Tax Credit […]
07/05/2018
When campaigning, Donald Trump promised not just to lower taxes, but also to simplify the tax filing process. Last week, the IRS released the draft of a new form 1040 for consultation over the summer, with the final version due to be confirmed in the Autumn. In this article we look at what the changes […]
07/02/2018
All American citizens and green card holders are required to file US taxes, reporting their worldwide income, even if they live abroad. Most expats don’t end up owing any US taxes, as they claim one or more exemptions such as the Foreign Earned Income Exclusion or the Foreign Tax Credit, however they still have to […]