03/07/2023
Uncle Sam and American expats aren’t exactly the best of friends. Regardless of where they live, American citizens have to declare their worldwide income to the IRS, and many aren’t even aware of this. Yep, you heard that right. That’s because the United States is one of only two countries that applies citizenship-based taxation. And […]
02/03/2025
Just like taxpayers on US soil, Americans abroad typically have one or more bank accounts to receive their income and facilitate payment of living expenses. For expats, the fact that these accounts for everyday financial management are foreign creates an additional U.S. Treasury reporting requirement called the FBAR, or the Foreign Bank Account Report. For […]
10/04/2022
Becoming an expat can enhance your life in many ways. For many, it may mean you’re no longer beholden to a standard 9 to 5 schedule, and instead free to explore different cities and countries, on your schedule. But, while working remotely offers more flexibility and freedom, it also comes with some important tax reporting […]
10/04/2022
If you’re an American living outside the US, you may not be aware that you’re required to file a US tax return each year. While US expats receive an automatic two-month extension to file, what happens if the due date rolls around and you miss it? Not paying your taxes is a habit you don’t […]
02/02/2025
Living abroad as a US expat comes with many benefits—the opportunity to immerse yourself in a new culture and build new communities of friends and colleagues, all while exploring the world at large. Yet, along with all of these freedoms and experiences come potential frustrations as well. For example, US expat tax returns. You may […]
02/02/2025
The COVID-19 pandemic made many US expats rethink what they want out of life. During a time of travel restrictions and isolation, some expats realized that returning back to the United States to be close to family and friends was what they valued most. It was the case for Louisiana native Chara Richterberg, who until […]
10/04/2022
Say what? According to an audit by the Treasury Inspector General for Tax Administration (TIGTA), the IRS destroyed over 30 million paper-filed return documents in March 2021. The news generated quite a lot of controversy among the tax community and members of Congress. In this blog post, we’ll cover why the IRS burned these 30 […]
12/19/2023
While managing their US expat taxes, many expats encounter a crucial question: What is a bona fide resident? For expats filing taxes, the term refers to a qualifying test under a common IRS tax provision that US citizens and Green Card holders can use to offset their US tax liability. This is good news because […]
02/04/2025
All Americans whose income exceeds certain thresholds must file (and potentially pay) United States taxes. Due to the US’s system of citizenship-based taxation, this is true even for American citizens and resident aliens living abroad. But no matter what currency their income is issued in, US expats must report it in US dollars (USD) — […]
10/10/2022
If you’re an American citizen that lives overseas, then you need to know about IRS Form 1116. It’s the form that helps you claim the Foreign Tax Credit (FTC), which can save you from having to pay taxes both in your new home country and the US. Don’t forget that the US has a citizenship-based […]