03/16/2024
If you’re a US expat with your own business, you’ll want to read up on Form 8832: Entity Classification Election. With this form, you can choose how the government classifies your business for US federal tax purposes. Understanding the implications of Form 8832 can help you determine the best tax strategy for your business — […]
08/04/2021
Expats are most often adventurous and independent-minded – the same character traits 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 foreign company is what legal structure their new foreign entity should have, and where to […]
08/06/2024
Wondering who exactly needs to file this form, how to do it, and why it matters? We’ll answer all of these questions and more below.
07/06/2021
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. […]
07/30/2024
Form 1118 is notoriously complex.
In fact, the IRS estimates that it takes about 25 hours to complete. Fortunately, as a US expat-specific tax firm, we’re familiar with Form 1118 and here to walk you through it: what it is, who should file it, how to complete it, and more.
03/19/2025
Tax compliance is a major consideration for any business owner, particularly when dealing with international tax obligations. Form 1120-F, U.S. Income Tax Return of a Foreign Corporation, plays a crucial role in how foreign corporations with U.S. business activities report their income and calculate their tax liabilities. Despite its importance, many international business owners are […]
10/29/2020
The US tax system is based on citizenship, which means that American citizens living abroad are required to file US taxes every year, reporting their worldwide income. As American expats often have to file foreign taxes too (depending on the rules in the country where they live), they get longer to file, with expats’ tax […]
08/11/2024
Tax season is approaching, and your return isn’t quite ready? No need to panic — this happens to many Americans living abroad. Many are not even aware they’re still subject to US taxes even though they live in another country. Luckily, the IRS provides expats an extra opportunity to collect all the necessary documentation and […]
12/19/2024
What if we told you there was a three-page tax form that could potentially save you tens of thousands of dollars on your US tax bill? While it may sound too good to be true, it’s not. Qualifying expats can use IRS Form 2555 to claim a couple of major tax breaks, allowing them to […]
12/21/2023
If you’re wondering how to amend a tax return, don’t worry — you’re far from alone. Filing US taxes from abroad can be complex. It’s not uncommon for US expats to make errors, only to realize it after they’ve already submitted their return. Fortunately, that’s what an amended US individual income return (Form 1040-X) is […]