06/27/2019
Many Americans living in France are in line for a IRS tax windfall after an US court ruled last week that expats could claim US tax credits against a French income tax that they previously weren’t allowed to. All Americans are required to file US taxes on their worldwide income, wherever in the world they […]
06/24/2019
All Americans are required to file a US tax return if they earn over $12,000 (in 2018), or just $400 of self-employment income, worldwide, even if they live abroad. This is because the US taxes based on citizenship rather than based on residence. Many expats are also required to report their foreign bank accounts, investments, and […]
06/20/2019
Americans living abroad are required to file US taxes, reporting their worldwide income. America is the only developed country that requires expats to file. Expats often also have to report their foreign bank accounts, investments, and businesses. For many years, the IRS couldn’t enforce these requirements, and many expats chose to ignore them, however over […]
06/17/2019
Americans living abroad are required to file US taxes, reporting their worldwide income. This is because (unlike most countries) the US taxes based on citizenship, meaning that where in the world you happen to be living doesn’t matter. Unfortunately, tax treaties don’t protect American expats from double taxation (i.e. from filing both US taxes and […]
06/13/2019
Americans move abroad for a variety of reasons, perhaps for work, to be with someone, or due to a sense of adventure, however hardly any of them are thinking much about filing US taxes when they move. The US requires all Americans to file though, reporting their worldwide income, even if they live abroad. It’s […]
06/10/2019
The number of Americans living abroad, including expats and Digital Nomads, now totals over nine million. Many of them still receive mail in the US from time to time (or regularly) though, and a Virtual Mailbox Service provides a way for expats to see their US postal mail more or less instantly. The way Virtual […]
06/06/2019
What do astronauts and American expats have in common? American expats and astronauts both need the ability, courage and conviction to not just venture out into the unknown, but to succeed and thrive there. Unfortunately, they also share an inability to escape the requirement to file US taxes. The US taxes based on citizenship, meaning […]
06/03/2019
All Americans, including expats, are required to file US taxes, reporting their worldwide income. Expats may also have to report their foreign business interests, assets, and bank and investment accounts, including most foreign pension accounts. To avoid double taxation, rather than relying on the international tax treaties the US has signed, expats must claim one […]
05/30/2019
The new 2018 IRS Tax Book has confirmed that the IRS continued the trend of auditing a much higher proportion of international tax returns then domestic ones in 2018. While a total of 0.6% of all individual federal income tax returns were audited during the year, the figure for international returns is nearly six times the […]
05/27/2019
The US-France income tax treaty was signed in 1994, with protocols added in 2004 and 2009. The treaty defines in which situations people will pay tax to which country, including people who are residents of both, as well as defining in which situations international structures such as investment vehicles, corporations, and trusts will be taxed […]