Tax Rules and Compliance

The US has tax treaties with dozens of different countries. If you live in one of those countries, it may be worth claiming the tax treaty’s benefits. Keep in mind, though, that each tax treaty is slightly different. As you can imagine, some US tax treaties are more advantageous than others. Below, we’ll give a […]

Did you know you and your dependents can expand your knowledge and gain job skills while reducing your tax bill? The IRS offers a couple of different continuing education tax benefits, which can help offset higher education expenses by decreasing your tax burden. In many cases, even Americans attending an educational institution abroad are eligible […]

Many expats assume moving abroad means they don’t have to file state taxes. Unfortunately, it’s not always that simple. New York is one of several states that make it difficult for former residents to sever tax obligations. If you lived in New York before moving overseas — or you maintain certain ties there — you […]

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.

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.

Streamlined Procedure or Delinquent International Information Return Submission Procedures: Which is better for catching up on your taxes? Each program has its own benefits and eligibility criteria, so below, we’ve put together a high-level overview of the Streamlined Procedure and the DIIRSP. Read on to learn how these procedures can benefit you and which may be the better fit.

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 […]

Miss the tax filing deadline? Take a breath. What happens next mostly comes down to one thing: whether you owe money or whether you’re due a tax refund. That distinction matters. If the IRS owes you, the situation is usually less painful. But if you owe unpaid federal income tax, leaving it too long can […]

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 […]