07/20/2023
Taxes on lottery winnings can significantly impact the financial outcome for lucky individuals who hold a winning ticket. For US expats who enjoy trying their luck in the lottery, understanding the implications of winning is especially important. US citizens and permanent residents residing outside the United States are still obligated to file an annual tax […]
07/06/2023
For US expats living in the UK, the phrase “capital gains taxes” is likely familiar. Just like in the US, capital gains taxes in the UK are levied on the proceeds arising from the sale of certain assets. This includes, in some cases, residential property. Of course, the specific ways that capital gains taxes on […]
06/16/2023
It’s not uncommon for US citizenship to pose difficulties for US citizens living abroad, particularly when they’ve lived abroad long term. While US citizenship grants certain privileges, such as the right to vote in federal elections and a US passport, it also carries with it certain burdensome obligations. Among the most pressing concerns for Americans […]
06/08/2023
Moving to the UK as a US citizen is an exciting and milestone decision. After all, not everyone gets to experience life abroad! While many aspects of planning for an international move are engaging, like researching neighborhoods in London and learning to say “flat” instead of “apartment,” others are less so. One common area expats […]
05/18/2023
Getting ready to move to the Great White North? In addition to finding housing and physically moving yourself and your belongings, you’ll want to consider the tax implications of a move to Canada. A common question that often guides these considerations is a side-by-side comparison between the Canada tax rate vs the US tax rate. […]
05/08/2023
As an expat, the US Social Security benefits you’ll be eligible for at retirement may be lower than the standard benefits an average American will receive for a variety of reasons. And when you throw foreign pensions and foreign social security programs and their implications for your US benefit into the mix, it can be […]
02/25/2023
Living abroad comes with many exhilarating adventures – and a few stressful experiences, too. Chief among the stresses experienced by US expats is the US tax season. In case you weren’t aware: tax season has started and it’s time to pony up and get ‘er done! We’re here to help in any way we can, […]
02/25/2023
There are times in life when family members exchange generous gifts with one another, such as during weddings, estate planning, or celebrations of life. However, while the focus may be on the act of giving or receiving foreign property, it is important to be aware of the tax implications that come along with it. These […]
01/16/2023
United States Expats: Did you receive your three COVID-19 stimulus payments from the IRS? If not, you could be eligible to claim up to $3,400, but you need to act soon. Important context: The stimulus checks relate to the federal government’s initiative to offer some financial relief to individuals and families in the wake of […]
01/15/2023
Are you an American living in another country who’s not sure how to pay United States expat taxes? You’re far from alone — in fact, many don’t even know whether or not they need to file taxes. Unfortunately, for those who do need to, filing taxes from abroad is often more complex than filing them […]