02/14/2019
Living abroad is the opportunity of a lifetime, however it can be slightly marred for American expats because they are required to continue filing a US tax return from overseas, reporting their worldwide income. Expats filing in 2019 however will find that form 1040 is new, for the first time in decades. Will new form 1040 […]
02/11/2019
The US-Canada tax treaty was signed in 1980, with a protocol added in 2007. The purpose of it is to prevent double taxation for Americans living in Canada and Canadians living in the US, however due to the inclusion of a ‘Savings Clause’ in Article XXIX (Miscellaneous Rules), which states that the US can […]
02/07/2019
Many Americans living abroad have heard that their income up to a certain threshold is exempt from US taxation. The truth is a little more complicated however. Due to America having a citizenship based taxation system, all Americans, including expats, are required to file a federal tax return each year, reporting their worldwide income. […]
02/04/2019
Since the nineteenth century, the US has required all American citizens to file a US tax return, reporting their worldwide income, even if they live abroad. This leaves American expats around the world exposed to the possibility of double taxation, having to file taxes both to the US and in the country where they live. […]
01/31/2019
Americans who live abroad are required to continue filing a federal tax return each year, reporting their worldwide income, even if they’re also filing a tax return in the country where they’re living. When expats file their federal return they can claim one or more exemptions that the IRS has made available by filing the […]
01/28/2019
The US-UK tax treaty was signed in 2001. It has the formal title of the ‘Convention between the Government of the United States of America and the Government of the United Kingdom of Great Britain and Northern Ireland for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on […]
01/24/2019
The current federal government shutdown began on midnight of 22nd December 2018, exactly a year after President Trump signed his Tax Return act into law. While government shutdowns aren’t too much of a novelty any more, at over a month the current one has gone on for longer than any other previously (the previous record […]
01/21/2019
With 2019 US tax filing season here again, in this article we take a look at everything that US expats need to know, including requirements, deadlines, rules changes, and the new form 1040. When can expats start filing? All American citizens, along with green card holders, are required to file US taxes every year, reporting […]
01/17/2019
All American citizens (and green card holders), including expats, are required to file US taxes every year, reporting their worldwide income. To ensure that expats don’t pay taxes twice on the same income, the IRS has provided several exemptions that expats can claim when they file. Which exemption is most beneficial to claim depends on […]
01/14/2019
The ‘Convention Between The United States Of America And The Federal Republic Of Germany For The Avoidance Of Double Taxation And The Prevention Of Fiscal Evasion With Respect To Taxes On Income And Capital And To Certain Other Taxes’, better known as the Germany-U.S. Income Tax Treaty, has been in force since 1990. US taxes […]