12/24/2024
Although everyone hopes their investments will increase in value, it’s possible for them to dip below their purchase price. Even if that’s not ideal, you may be able to use your losses to your advantage. Tax-loss harvesting is a tax strategy that allows taxpayers to claim losses that reduce their tax liability — potentially resulting […]
10/25/2024
Living and running a business abroad offers exciting opportunities, but it also brings unique challenges – especially when it comes to taxes. Understanding potential tax savings for business owners can be a game-changer, allowing American expats to reduce their U.S. tax burden by making smart financial decisions. Optimizing your salary is one of the most […]
01/17/2025
Starting a business overseas may seem daunting — but it can bring major benefits. For high-earning, self-employed American expats in particular, registering a US-based C corporation and a Controlled Foreign Corporation (CFC) can lead to major savings on their US tax bill. Before you rush to file your articles of incorporation, though, you’ll want to […]
09/17/2024
As a US expat, you’re likely drowning in a sea of tax complexity. You’ve heard about tax credits and deductions, but you’re not sure which applies to your unique situation or how to use them effectively. This confusion isn’t just frustrating—it could be costing you thousands of dollars each year. Are you missing out on […]
08/28/2024
These 11 strategies can help you legally minimize your US tax liability, take advantage of foreign tax credits, and make the most of available deductions and exclusions.
08/16/2024
These 11 strategies can help you legally minimize your US tax liability, take advantage of foreign tax credits, and make the most of available deductions and exclusions.
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 […]
03/19/2025
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 […]
03/19/2025
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 […]