03/01/2025
While you may never have filed it while living within the United States, Form 1116 is a key component of many US expat tax returns. This form allows you to claim the Foreign Tax Credit (FTC), one of the most important tax breaks for Americans living abroad. For many expats, the Foreign Tax Credit (FTC) […]
01/23/2023
If you’re an expat, chances are you’ve toyed with the idea of moving your retirement account overseas with you. But how do you do it, and what does it mean for your taxes and reporting requirements? The financial implication of moving your US retirement account overseas will depend on, among other things, the type of […]
08/16/2024
It’s not always easy to get detailed information about green cards. The US Citizenship & Immigration Services (USCIS) website can be technical and dense, which may leave you even more confused. As a dedicated tax firm for US immigrants and Americans abroad, we’re well familiar with green cards — so we’ve put together a brief, easy-to-understand guide.
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 […]
01/15/2025
It stands to reason that those living in the US count as residents for tax purposes. But did you know that those who frequently visit for work may be subject to US taxes, too? To know exactly what your obligations are, you’ll need to understand the difference between a nonresident alien vs. a resident alien […]
03/01/2025
FATCA, or the Foreign Account Tax Compliance Act, is a set of rules intended to enhance tax compliance by American taxpayers who hold financial assets outside the United States. If you’re like many taxpayers with accounts or other financial activities abroad, you’d want to know whether FATCA applies to you so you can file the […]
11/12/2022
Even just a decade ago, the term “digital nomad” would likely have been met with looks of confusion. Flash forward to today, though, and it’s become a household phrase. With the COVID-19 pandemic leading to an explosion in remote work, more Americans than ever are taking advantage of this newfound flexibility to travel the world […]
11/12/2022
Enacted in 2010 by Congress to ensure U.S. taxpayers don’t hide money in foreign accounts to avoid paying taxes, the Foreign Account Tax Compliance Act (FATCA) is regrettably still a cause of confusion and misunderstanding. In this article, we reveal eight crucial things you need to know about FATCA. Let’s dive in. 1. FATCA is […]
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 […]
02/02/2025
More and more Americans feel the pull to explore life in another country. According to research by the University of Kent, over 33% of Americans aspire to move overseas in the future. As remote work has become more mainstream, many Americans enjoy many opportunities to travel abroad and explore new cultures simultaneously. As exciting as […]