FBAR Bank Account Reporting for US Expats – The Ultimate Guide

FBAR Bank Account Reporting for US Expats – The Ultimate Guide

Over 9 million Americans have chosen to embrace the adventure of a lifetime – living abroad. Many don’t realize though that the US tax system requires all US citizens to file US taxes, reporting their worldwide income, wherever in the world they might be. In contrast, most other countries either just tax residents, or just tax income […]

FATCA Exception For Expats Resident Abroad Bill Introduced

FATCA Exception For Expats Resident Abroad Bill Introduced

Americans living abroad are subject to US taxation on their worldwide income, as well as a raft of other US reporting requirements, such as having to report their foreign financial accounts each year by filing an FBAR (Foreign Bank Account Report). FBAR reporting is triggered if any American has a total of over $10,000 in foreign accounts […]

US Taxes for American Digital Nomads – A Guide

US Taxes for American Digital Nomads – A Guide

Digital Nomads are a new breed of American hero, roaming the world while working remotely. The Nomad lifestyle allows Americans to explore far off lands and cultures without taking time off work, and it can also offer tax advantages, as well as providing an opportunity to live cheaply and save money. Understanding US tax rules is an […]

US Citizens Living Abroad and Taxes – A Guide

US Citizens Living Abroad and Taxes – A Guide

Confusion abounds around the topic of US citizens living abroad and taxes. In this article we’re going to clear up a few common misunderstandings and set the record straight. Do US citizens living abroad have to file US taxes? Yes. All US citizens, including those living abroad, who earn more than the Standard Deduction amount […]

HSBC Names Best Countries for Expats in 2019

HSBC Names Best Countries for Expats in 2019

Every year, global bank HSBC carries out the world’s largest and most influential survey of expats to find out what issues they face and more importantly, which are the best countries to live in. While for the last four years the results have been fairly similar, this year’s survey of over 18,000 expats in 33 […]