09/02/2022
Because of citizenship-based taxation, US expats must still file a tax return to the IRS even while living overseas. This leaves many dual resident taxpayers worried that they’ll be paying taxes twice on the same income, which is where tax treaties sometimes help. The United States has tax treaties with 69 other countries. Thanks to […]
08/31/2022
Inflation feels like an inescapable topic of discussion recently. In response, lawmakers have championed a new law called the Inflation Reduction Act aimed at not only addressing inflation but also touching on areas such as healthcare, climate, etc. One portion of the bill, in particular, has sparked a flurry of concern, however – specifically how […]
08/25/2022
It’s not often the IRS offers taxpayers a break. Since COVID, however, the IRS has rolled out a series of relief initiatives, including extended filing deadlines and stimulus payments. Wednesday, August 24th, the IRS announced the latest round of updates – focused on penalty relief for filers of 2019 & 2020 US tax returns, as […]
08/24/2022
Let’s face it, very few people actually enjoy filing their taxes. It’s no wonder why over a third of Americans report that they procrastinate and always file their taxes at the last minute. However, the tax timeline is a bit different for American expats (and green card holders). In this article, we quickly cover the […]
08/23/2022
The US is one of the only countries in the world that imposes citizenship-based taxation. It means that US expats, regardless of where they live or if they’re green card holders, must file a US tax return to report their worldwide income. It might not be fun to go through all the extra paperwork on […]
08/19/2022
Since its economy’s opening in 1978, China’s GDP growth has averaged almost 10% growth per year. The country’s economic boom represents an opportunity for many US expats to work in China, but it comes with complicated tax implications. According to statistics, over 600,000 expats live in China, with 12% coming from the US. This article […]
08/18/2022
The UK is the home of famous landmarks such as Big Ben, Buckingham Palace, and Tower Bridge. And according to data by Statista, it’s also home to over 166,000 Americans. Life in the UK has many benefits, such as easy access to nearby European countries and universal healthcare. But as excited as you might be […]
08/16/2022
Moving overseas is a major life goal for many Americans. According to a Gallup poll, over 16% of Americans would like to move out of the US in the future. Further, that number is increasing year over year as Americans embrace location-independent work post-COVID. Whether it’s to retire early or escape the current political climate, […]
08/12/2022
No one really wants to think about taxes while they are on their honeymoon. If you marry a foreign national spouse, however, it’s important to consider the impact on your US taxes (when the time is right, of course!). In this article, we will go over some of the most common tax questions we get […]
08/11/2022
Are you an American citizen, resident, or green card holder about to move overseas? You’ll need to consider Social Security requirements and whether your new home country has a Totalization Agreement— especially if you’re a self-employed expat who intends to continue to work as self-employed while living and working abroad. In this article, we will […]