Coronavirus Stimulus Payments and US Tax Filing in 2021

Coronavirus Stimulus Payments and US Tax Filing in 2021

Back in March 2020, the CARES Act mandated a one-off stimulus payment for American individuals to help offset the economic impact of the Coronavirus pandemic. Stimulus payments were worth a maximum of $1,200 per American citizen (so $2,400 for couples filing jointly if both are Americans), and $500 per dependent child. A second stimulus check […]

10 International Health Insurance Tips for American Expats

Health Insurance Tips for Expats

This article was contributed by David Tompkins at Expat Financial. David is an expert in sourcing global health insurance plans for multinationals and individual expats around the globe. Most Americans realize the importance of buying medical insurance in the United States, but what about health insurance when you move abroad? It is unlikely that your […]

How To Celebrate Thanksgiving Abroad in 2020

How To Celebrate Thanksgiving Abroad 2020

Thanksgiving is a time when the thoughts of the nine million Americans who live abroad turn to home, as well as how best to celebrate. With no other country celebrating Thanksgiving (other than Canada, in October, due to an earlier harvest further north), celebrating abroad as an expat presents all sorts of logistical challenges. As […]

2020 Year-End Tax Planning for Expats

2020 Year-End Tax Planning for Expats

It’s an unusual year in multiple ways, and this is also true when it comes to 2020 year-end tax planning. Both the Coronavirus pandemic and the presidential election will affect year-end tax planning for some expats this year. While the pandemic has affected the Foreign Earned Income Exclusion rules, tax changes next year due to […]

What Does the Biden Tax Plan Mean for Expats?

The Biden Tax Plan for Expats

While the election result hasn’t been universally acknowledged and confirmed yet, it seems probable at this stage that Joe Biden will be inaugurated in January as the next US president. All Americans, including those living abroad, are required to file US taxes every year, reporting their global income. Most claim IRS provisions such as the […]

Renouncing US Citizenship and Taxes – A Guide

Renouncing US Citizenship and Taxes - A Guide

It has been widely reported recently that a record number of Americans have renounced their US citizenship this year. Other publications have pointed out that the renunciation process involves an interview at a consulate or embassy, and that most have been closed this year due to Covid, so that the record numbers must represent the clearing of […]

When are Taxes Due for Expats?

When are Taxes Due for Expats

American citizens (and Green Card holders) who live abroad are required to file US taxes annually, reporting their worldwide income. This requirement to file from abroad is because the US taxes based on citizenship, rather than on residence like the majority of other countries. Expats also often have other filing requirements that Americans living in […]

The Best Expat Tax Attorneys in 2020

The Best Expat Tax Attorneys

Americans living abroad are required to file a US tax return every year, reporting all of their global income. No other developed nation requires expats to file in this way. American expats often have to file a foreign return too, and understand how the two different tax systems converge. Furthermore, expats are subject to additional […]