11/03/2023
The tax rate in the Netherlands is a frequent topic among Americans researching the implications of relocating to Holland. There’s already a lot to love about the well-located country, including its quaint, bikeable cities, and excellent public transportation and education infrastructure. However, delving into the logistical and financial details of living in the Netherlands as […]
08/23/2024
A capital gain is the increase of the value of an asset that you realize when that asset is sold. Capital gains (and losses) are reported on Form 1040 Schedule D; however the calculations to arrive at the capital gain or loss are reported on IRS Form 8949.
02/02/2025
The food, the weather, the lively culture, the low cost of living, the ability to immerse yourself in Spanish… with all of the advantages of living in Mexico, it’s no wonder that more and more Americans are moving there. Along with all of the advantages, though, it can complicate your taxes a bit. However, as […]
11/29/2024
Wells Fargo’s US expat clients have until the end of September 2021 to move their brokerage accounts to another provider or face closure. Wells Fargo isn’t the first bank to turn away expats though. In this article we look at why banks and brokerage firms are denying services to Americans living abroad, and what options […]
11/21/2023
Last updated April 24, 2023. From hip Berlin to the enchanting Black Forest to the fairytale-esque Neuschwanstein castle, there’s no shortage of amazing sights to see in Germany. Combine that with a high quality of life and a lower cost of living, and it’s easy to see why hundreds of thousands of Americans currently live […]
01/15/2025
This article was updated on March 2, 2023. Giving cash or presents to the important people in your life can feel like a win-win for everyone. But as the old saying goes: No good deed goes unpunished. When it comes to gifting, a generous spirit can create additional tax filing requirements with the IRS. Depending […]
10/04/2022
There are an estimated 700,000 Americans living in Canada. Canada is the number 1 destination for Americans living abroad. If you’re an American expatriate living in Canada though, what exactly do you need to know about filing US expat (and Canadian) taxes? All US citizens and green card holders are required to file a US […]
02/04/2022
Many expats were early adopters of cryptocurrencies such as Bitcoin, and as all American citizens, including expats, have to file a US tax return every year, how to report Cryptos is a pertinent question for many Americans living abroad. In 2021 in particular, cryptos have frequently featured in the news due to dramatic value changes. With many […]
04/17/2025
You didn’t mean to ghost the IRS. You were living abroad, focused on life, work, maybe even figuring out the local coffee order—and didn’t realize that your foreign bank account or overseas rental income came with U.S. tax obligations. Now you’ve discovered terms like “FBAR” and “foreign financial assets,” and it feels like a tax […]
06/15/2023
Doing business in the United States as a non-citizen can be complicated, especially regarding taxes. One form that you may need to fill out is IRS Form 1040-NR, the Nonresident Alien Income Tax Return, which is used by individuals who are not US citizens or tax residents but have certain incomes or other reportable activities. […]