01/15/2025
Dual citizenship comes with many perks, like unrestricted permission to live and work in a particular country. It also often lets you benefit from that country’s social programs, vote, and pass citizenship onto your children. The not-so-great part? Dual citizenship taxes can be complex. Those with dual citizenship between the United States and another country […]
10/02/2024
If you’re a business owner, freelancer, independent contractor, or otherwise self-employed, you may have already heard about Form 1099-K. While the form was first introduced in 2011, it’s made headlines in recent years for drastic changes in its reporting thresholds — which have changed yet again for 2024. Below, we’ll walk you through the basics […]
03/08/2024
A common slip-up that some American expats run into when moving to a new country is overlooking their US tax obligations. Yes, you read that right: even overseas, you must still file an annual US tax return to the IRS. In 2022, US expats worldwide filed around 1,821,583 tax returns. Other data indicates that many […]
10/18/2022
More and more companies are becoming aware that employees don’t need to be in the office all day to be productive. By the end of 2022, over 25% of available jobs are expected to go fully remote. The rise in remote work also coincides with the boom of the digital nomad lifestyle. When all you […]
02/02/2025
Whether you’re a typical nine-to-fiver or a member of the Financial Independence, Retire Early (FIRE) movement, many Americans are curious about the best countries to retire outside the US. For some, the idea occurs to them while on vacation. Maybe you’re sitting on a terraza in Seville, enjoying tapas and tinto de verano. As you […]
10/19/2022
Ever since Tim Ferris released his book “The 4-Hour-Workweek” back in 2007, millions of people have dreamed about being able to work while traveling to exotic locations at the same time. And with the rise of remote work in a post-COVID-19 world, that dream is now more possible than ever. If your current employer allows […]
01/23/2023
As the world opens back up and Covid restrictions start to ease, more and more Americans aspire to become digital nomads: remote workers that leverage technology to live and work from anywhere. To adapt to this trend, countries worldwide are adopting “digital nomad visas” to allow remote workers to stay in their country for up […]
06/03/2024
First things first – US citizens living abroad must file a tax return and declare their worldwide income. That’s because the United States is one of the only countries that apply citizenship-based taxation, which leaves many expats wondering if they’ll have to pay taxes twice on the same income. Thankfully, the Foreign Earned Income Exclusion […]
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 […]
08/27/2024
As you may already know, moving abroad doesn’t mean you’re off the hook for US taxes. All American citizens and permanent residents who earn above the reporting threshold must file (and pay) US taxes. If they’re also subject to taxes in a foreign country, they may find themselves reporting same income twice — that’s where […]