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 […]
06/13/2024
This year, almost three-quarters of Americans said they planned to file their own taxes — either manually or with the help of tax preparation software. In some cases, this makes sense. If all of your income is W-2 income, you hold minimal assets, and you don’t mind putting in the effort, filing on your own […]
05/08/2024
When tax season rolls around, many expats find themselves wondering: Should I do my own taxes? While it is possible to do taxes by yourself or with the help of tax preparation software, it’s not exactly ideal. The US tax code contains many complexities as is. Factor in expat status, and it gets all the […]
04/29/2024
I can do my own taxes; why would I pay someone to do them for me? Have you ever said this but then regretted it? Don’t worry, we get it. People start out thinking — how hard can it actually be — then end up tangled in forms, calculations, and deadlines, horrified they might have […]
03/21/2024
As a digitally savvy expat, you likely have some experience with money service providers and payment systems like Wise, PayPal, and others. And it’s all fun and games until it’s time to file your FBAR (Report of Foreign Bank and Financial Accounts), the annual disclosure of your foreign financial accounts held outside the US. Generating […]
03/20/2024
For Americans considering or planning a move to Spain, reading up on the Beckham Law is a must. This special tax regime can offer significant tax cuts on Spanish-sourced income and exclude most worldwide income from Spanish taxation. Altogether, this can result in major savings on your tax bill. But who exactly qualifies for Beckham […]
03/01/2024
It’s one of the most common questions among soon-to-be US expats: If I’m moving abroad, should I sell or rent my house? Selling your house outright can take a load off your mind, but renting it out allows for a stream of steady rental income. Ultimately, the best option for you depends on your situation: […]
01/25/2024
Navigating the tax implications of retirement savings across borders can be a daunting task. Whether you’re an American expat who has worked in the UK or you’ve moved to the US after building up a workplace pension in the UK, understanding the tax laws of both countries is crucial for optimizing your retirement strategy. At […]
01/22/2024
John, an American entrepreneur, saw Portugal not just as a scenic backdrop but as a land of opportunity for his business ventures. His entrepreneurial spirit led him to delve deep into the intricacies of US taxation for expatriates, a realm fraught with complexities and potential pitfalls. While he was adept at managing the operational aspects […]
01/11/2024
If you’re a US citizen or permanent resident who has moved abroad, you might think that you’re off the hook for state taxes — but if you most recently lived in Virginia, you may very well still be subject to an annual Virginia tax obligation. It may not seem fair, but Virginia is one of […]