12/20/2022
It may be a toy for a niece you’re doting on. A handbag for a special someone. Or a gift certificate for your child. And other times, it may be a ranch in Texas or a beach bungalow in Hawaii that you plan to gift to your foreign spouse. Whatever it is, that happy season […]
12/16/2022
You may not be living in the US at the moment. That doesn’t necessarily exempt you from having to file taxes. Under the US’s citizenship-based taxation system, anyone who is a citizen or resident must file taxes if they meet the minimum income threshold, regardless of where they live. But what is the minimum income […]
12/15/2022
If you are a US citizen living abroad, you will need to file your income tax return on Form 1040 based on your worldwide income. And to file this, you’ll usually need a Social Security Number (SSN). An SSN is the most common type of tax identification number. But hold on. What happens if you […]
12/05/2022
If you work for a US contractor abroad, taxes can be confusing. Regardless of where they live, those with overseas contractor jobs will need to file a US tax return — but they may need to file taxes in their country of residence as well. But with a little bit of research and organization, you’ll […]
11/29/2022
Taxes are tricky for US expats — in addition to the complications that come along with earning income abroad, tactical challenges like accessing your tax records, viewing your balance, and making payments are made that much harder when you can’t easily receive mail from or make calls to the US. Fortunately, the availability of IRS […]
11/22/2022
Aargh! It’s time to start thinking about taxes again. The end of the year should be a period of celebration – popping off the champagne cork and ringing in a new year. But for US expats, the end of the year often comes with apprehension and a lot of anxiety. While filing taxes should be […]
11/15/2022
California isn’t all sun, surf, and sand. Unfortunately, the Golden State is also home to the highest state tax rates in the US. On top of that, the state of California’s Franchise Tax Board (FTB) is known as one of the biggest sticklers among state tax bodies. As a result, some former California residents are […]
11/07/2022
The IRS requires all US persons to file taxes… But how might one define a US person for tax purposes? It might seem like a pretty straightforward question, but the answer can be surprisingly complex. Read on to learn what a US person is, what their tax obligations are, and more. Are you a US […]
10/26/2022
When most people think about income taxes, they think about the taxes that are automatically withheld from their paycheck — or, if they’re self-employed, the quarterly tax estimates they pay to the government based on their expected earnings. While that does make up one component of income taxes, it’s not the only one. It’s important […]
10/10/2022
Moving to a new country (though rewarding!) comes with many challenges. Beyond finding a new place to live, the move may involve adapting to a new culture, building a new social or professional network, and in some instances, opening a foreign bank account to manage your finances while abroad. Opening a foreign bank account isn’t […]