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) — […]
02/01/2025
It’s common for many Americans living overseas and grappling with annual US tax returns to consider renouncing US citizenship. While factors like taxation often play a significant role in the choice to renounce, many expats also find themselves caught between the obligation to file taxes and the lack of knowledge to navigate the system effectively. […]
01/12/2025
Imagine living abroad for years, building a life in a new country—yet still needing to file taxes back in the US. That’s the reality under citizenship-based taxation (CBT), a system where Americans are taxed not by where they live, but by their citizenship status. Below, we break down what CBT means for expats, how it […]
03/01/2025
Do expats pay state taxes? If this question isn’t top of mind when planning an international move, it’s understandable. There are a lot of other (frankly more exciting) things to think about. Amidst all the excitement, though, it’s important to keep practical details (such as your tax obligations) in mind. The US operates on a unique […]
10/06/2022
US citizens are required to file US taxes if they’re living abroad, despite often having to file foreign income taxes as well. International tax treaties don’t prevent US citizens resident overseas from having to file US taxes, however they do stipulate how to avoid double taxation, most often by claiming tax credits when you file. […]