04/28/2025
The IRS has a very inclusive definition of a “U.S. person”—and it’s not just about citizenship. If you hold a green card, live abroad, have American parents, or even spend a certain number of days in the States, congratulations: you may be a U.S. person for tax purposes. That matters because U.S. persons are required […]
03/01/2025
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 […]
08/31/2023
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 […]
01/23/2023
Are you considering a move abroad? With the world changing, it’s important to look for countries that offer the best quality of life, safety, and economic opportunities. Whether you’re looking for a fresh start or a change of scenery, this blog post will help you explore some of the best countries to move to and […]
01/26/2025
Receiving an inheritance from abroad can be both a gift and a logistical challenge, especially for American taxpayers. Understanding the tax implications of a foreign inheritance is crucial for avoiding penalties and ensuring IRS compliance. Below, we break down everything you need to know about receiving a foreign inheritance in 2025, including how to file […]
10/04/2022
Americans struggle with a lack of knowledge about their retirement plans. According to a survey by GOBankingRates, over 37% of Americans feel like they don’t know enough about retirement and need more education on how they can successfully retire. When a US expat decides to move overseas, understanding how to contribute to their IRA retirement […]
01/25/2025
So, you’re married to a US citizen or worked in the US at some point in your life, and you’re an official green card holder. What happens to your tax obligations if you decide to move outside of the States for a given amount of time? Many expats would like to hold on to their […]
10/06/2022
According to estimates from the US Department of State, over nine million Americans live abroad. And now that they left the US behind, it also makes sense to leave their state tax obligations behind, right? Surprise, surprise, that’s not always the case. Sometimes even thousands of miles away from the US, American expats may still […]
10/04/2022
If you’re an American living outside the US, you may not be aware that you’re required to file a US tax return each year. While US expats receive an automatic two-month extension to file, what happens if the due date rolls around and you miss it? Not paying your taxes is a habit you don’t […]
02/04/2025
All Americans whose income exceeds certain thresholds must file (and potentially pay) United States taxes. Due to the US’s system of citizenship-based taxation, this is true even for American citizens and resident aliens living abroad. But no matter what currency their income is issued in, US expats must report it in US dollars (USD) — […]