02/24/2025
First things first – US citizens living abroad must file a tax return and declare their worldwide income. That’s because the United States is one of the only countries that apply citizenship-based taxation, which leaves many expats wondering if they’ll have to pay taxes twice on the same income. Thankfully, the Foreign Earned Income Exclusion […]
01/23/2023
Are you considering a move abroad? With the world changing, it’s important to look for countries that offer the best quality of life, safety, and economic opportunities. Whether you’re looking for a fresh start or a change of scenery, this blog post will help you explore some of the best countries to move to and […]
08/27/2024
As you may already know, moving abroad doesn’t mean you’re off the hook for US taxes. All American citizens and permanent residents who earn above the reporting threshold must file (and pay) US taxes. If they’re also subject to taxes in a foreign country, they may find themselves reporting same income twice — that’s where […]
02/02/2025
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 […]
01/09/2025
Nearly a third of Americans say they would like to move overseas if they had the opportunity to do so. While moving abroad can be the adventure of a lifetime, it can complicate your United States tax and reporting obligations. Case in point: FinCEN Form 114, also known as the Foreign Bank Account Report (FBAR). […]
02/16/2024
No one really wants to think about taxes while on their honeymoon. If you marry a foreign national, it’s important to consider the impact on your US taxes (when the time is right) — the filing process, tax returns, and more. In this article, we’ll go over some of the most common tax questions we […]
11/12/2022
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 […]
01/26/2025
Receiving an inheritance from abroad can be both a gift and a logistical challenge, especially for American taxpayers. Understanding the tax implications of a foreign inheritance is crucial for avoiding penalties and ensuring IRS compliance. Below, we break down everything you need to know about receiving a foreign inheritance in 2025, including how to file […]
05/10/2023
Last updated on January 26, 2023 If you work as a freelancer, independent contractor, gig worker, or are otherwise self-employed, the phrase “1099 form” is almost certainly familiar to you. That’s because any client from whom you’ve received at least $600 is obligated to send you a 1099-NEC, a tax form that is used to […]
05/06/2025
Thinking about selling your foreign property but unsure where to start? Imagine wrapping up the sale of your home abroad with confidence, knowing you’ve navigated the tax implications and legal requirements like a pro. While the process might feel complex at first—currency conversions, tax filings, and endless paperwork—we’re break it down into straightforward steps. In […]