09/02/2022
Because of citizenship-based taxation, US expats must still file a tax return to the IRS even while living overseas. This leaves many dual resident taxpayers worried that they’ll be paying taxes twice on the same income, which is where tax treaties sometimes help. The United States has tax treaties with 69 other countries. Thanks to […]
08/11/2022
Are you an American citizen, resident, or green card holder about to move overseas? You’ll need to consider Social Security requirements and whether your new home country has a Totalization Agreement— especially if you’re a self-employed expat who intends to continue to work as self-employed while living and working abroad. In this article, we will […]
02/17/2022
Americans who move abroad are required to keep filing US taxes, reporting their worldwide income. They may also have to continue paying US social security contributions, including self-employed expats who earn as little as $400 a year. Expats who meet tax residency criteria in a foreign country may also have to pay foreign taxes and […]
07/29/2019
On July 16th and 17th, the Senate approved updates to the International Tax Treaties the US has with Spain, Japan, Switzerland and Luxembourg. These updates, or protocols, were agreed with the respective countries nearly a decade ago, with the delay in their ratification largely due to the efforts of a single senator, Paul Rand, who has […]
04/01/2019
The US-China tax treaty was signed in 1984 and came into effect in 1987. Unlike many other US tax treaties, it hasn’t been updated since or added to since. The purpose of the treaty is to prevent double taxation for Americans living in China and Chinese citizens living in the US. The principle way it […]
06/05/2017
American citizens and green card holders, including people who have the right to US citizenship, are required to file a federal income tax return each year declaring their worldwide income, wherever in the world they live. They may also have to pay US taxes. In principle, tax treaties are intended to prevent double taxation on […]
08/09/2016
The US is the only developed nation that taxes based on citizenship rather than residence. This means that all American citizens and green card holders, including people who are entitled to US citizenship but have never claimed it (through a parent being American perhaps, or through having been born in the States then moved abroad […]