09/20/2021
There are an estimated 50,000 Americans living in Japan. Living in Japan is an incredible experience for a variety of reasons – the culture, history, landscapes, and the cuisine, to name but a few. As an American expatriate living in Japan though, what exactly do you need to know regarding filing US expat (and Japanese) […]
09/17/2021
Many Americans living abroad have heard of an IRS tax exemption for overseas income, so they assume that don’t have to file a US tax return from abroad if their income is sourced overseas. The truth, however, isn’t as straightforward. While it’s true that there’s an IRS exemption available for overseas income, it has certain […]
09/13/2021
There are an estimated 35,000 Americans living in the Netherlands. The Netherlands is an exhilarating destination for Americans living abroad. A small country with a unique and proud history, the Netherlands today is characterized by modern, tolerant values, a positive outlook, and an abundance of bicycles! Abd, as an added bonus, almost everyone speaks great […]
09/09/2021
All Americans have to fulfill the same annual federal US filing requirements, including those living abroad. This includes reporting certain capital gains. A capital gain is the increase of the value of an asset that you realize when that asset is sold. Capital gains (and losses) are reported on Form 1040 Schedule D, however the […]
09/06/2021
There are an estimated 1,000,000 Americans living in Mexico. There are plenty of good reasons for moving to Mexico: the climate, the people, the colorful culture, the cuisine, the beaches, the markets, the cost of living… the list goes on and on. As an American expatriate living in Mexico though, what exactly do you need […]
09/02/2021
Wells Fargo’s US expat clients have until the end of September 2021 to move their brokerage accounts to another provider or face closure. Wells Fargo isn’t the first bank to turn away expats though. In this article we look at why banks and brokerage firms are denying services to Americans living abroad, and what options […]
08/30/2021
There are an estimated 210,000 Americans living in Germany. Living in Germany is an incredible experience for a variety of reasons – the history, the eclectic culture, the food, wine, and beer, and the festivals to name but a few. As an American expatriate living in Germany though, what exactly do you need to know […]
08/26/2021
While the US taxes all US citizens on their worldwide income, including expats, most Americans living abroad won’t have to pay US gift tax, although they may have to report some gifts they make to others. What is the gift tax? The US has a federal gift tax on transfers of money or property to […]
08/23/2021
There are an estimated 700,000 Americans living in Canada. Canada is the number 1 destination for Americans living abroad. If you’re an American expatriate living in Canada though, what exactly do you need to know about filing US expat (and Canadian) taxes? All US citizens and green card holders are required to file a US […]
08/19/2021
Many expats were early adopters of cryptocurrencies such as Bitcoin, and as all American citizens, including expats, have to file a US tax return every year, how to report Cryptos is a pertinent question for many Americans living abroad. In 2021 in particular, cryptos have frequently featured in the news due to dramatic value changes. With many […]