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 […]
05/28/2018
If you’re an American citizen or green card holder, you’re required to file US taxes wherever in the world you live, reporting your worldwide income. The US is almost the only country in the world that requires all of its citizens to file even if they live abroad. This means that US expats often have […]
03/06/2018
Expats are often adventurous and independent-minded – the same character traits in fact that make great entrepreneurs. So it’s no surprise really that many expats choose to start their own business abroad. The first choices that expats face when starting a business abroad is what legal structure their new business should have, and where to […]
01/11/2018
Americans who live abroad are still required to file a US tax return, reporting their worldwide income. Expats can claim the Foreign Earned Income Exclusion and/or the Foreign Housing Exclusion however, which allow them to pay less (or in many cases no) US tax (although they still have to file a US return to claim […]
12/04/2017
Over the last few years, millions of US expats have been asked by their foreign banks and investment firms to fill out IRS form W-9. Receiving form W-9 often causes surprise or alarm. While there’s no need to panic, there are a number of things that expats should know if they receive form W-9, to […]