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. […]
05/13/2021
Americans who move overseas have to continue filing US taxes from abroad, as the US taxes based on citizenship rather than on residence. This means that many Americans living abroad have to file both foreign taxes in their country of residence, and US taxes too. To avoid double taxation, American expats in this situation can […]
03/22/2021
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 […]
10/08/2020
US law requires all American citizens and Green Card holders to file US taxes and report their worldwide income, including those living abroad. This leaves many Americans living abroad at risk of double taxation (having to pay both US and foreign income tax in the country where they live) on the same income. The US […]
08/13/2020
This post was last updated March 6, 2023. It’s frustrating for expats, but all US persons (both citizens and permanent residents) are required to file a federal tax return as long as they meet the income reporting threshold. Depending on their circumstances, expats may also owe taxes to the country in which they reside. However, […]
07/02/2020
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 […]
10/21/2019
All Americans, including expats, are required to file US taxes every year, reporting their global income. Tax Treaties don’t inherently prevent expats from having to file or pay US taxes. Instead, expats can claim IRS provisions to achieve this by filing additional forms when they file their federal return. These provisions include the Foreign Tax […]
09/09/2019
Many US expats are surprised to learn that they are still required to file US taxes from overseas. While it’s true that all American citizens have to file though, reporting their worldwide income, wherever in the world they live, it’s also true that the majority of expats don’t end up owing any US income tax […]
08/08/2019
The IRS has released a new draft Form 1040 for 2019 tax year (filing in 2020). While the new form is still in a public consultation phase, it’s notably different from the current Form 1040, which itself was only introduced just in time for the 2018 tax year and was a big departure from the […]