10/13/2022
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 […]
10/11/2022
There’s never been a better time to become a US expat. In the wake of the COVID-19 pandemic, more companies than ever are willing to hire remote workers and/or allow their current employees to work remotely. But moving to another country means so much more than having a new address — it’s a truly life-changing […]
10/10/2022
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 […]
10/07/2022
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 […]
10/06/2022
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 […]
10/03/2022
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 […]
09/29/2022
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 […]
09/28/2022
Tax-wise, American expats are in a delicate spot. The US is one of the few countries in the world that applies citizenship-based taxation, meaning that US expats must file a tax return to declare their worldwide income each year, regardless of where they live. As a result, many expats are left confused with unanswered questions […]
09/27/2022
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 […]
09/20/2022
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 […]