Retire Abroad US Tax Guide

Retire Abroad US Tax Guide

Over a million Americans have retired abroad, and millions more aspire to. The most common benefits include a better climate, affordable healthcare, and a better standard of living on retirement income. The most popular destination for Americans retiring abroad is Mexico, due to the twin appeals of its proximity and affordability. Many folks move there […]

Is There a Foreign Tax Credit Limit?

Is There a Foreign Tax Credit Limit?

Americans living abroad still have to file US taxes, even if they have to file foreign taxes too. This is because the US taxes based on citizenship and regardless of residence. As a result, expats have to file a US federal tax return every year reporting their worldwide income. To avoid US taxation on their […]

Tax Return Filing For US Citizens Living Abroad

Tax Return Filing For US Citizens Living Abroad

Over nine million US citizens are living abroad, including US military and diplomatic staff. According to US law, all of them who meet minimum IRS income requirements have to file a US tax return every year, reporting their worldwide income. Neither international tax treaties, nor where their income is sourced, nor whether US citizens living […]

Streamlined Procedure FAQs for US Expats

Streamlined Procedure FAQs for US Expats

Many American expats assume that living abroad, or perhaps a tax treaty, exempts them from filing US taxes from overseas, so they are surprised to discover that the US requires all American citizens and Green Card Holders to report their worldwide income and that they still have to file. Many expats realize this after already […]

Foreign Companies IRS Tax Reporting for Expats

Foreign Companies IRS Tax Reporting for Expats

All American citizens, including those living abroad, are required to file a US federal tax return every year reporting their worldwide income. Neither international tax treaties, nor any foreign tax filing requirement, mitigate the requirement for American expats to file a US federal tax return. To avoid double taxation, expats can claim provisions such as […]

Challenges and Benefits of Working Remotely Abroad

Challenges and Benefits of Working Remotely Abroad

One of the long-term legacies of the Covid pandemic is forecast to be a widespread transition to remote working. Combined with a pent-up appetite for international travel, this is likely to mean that the next couple of years will bring a surge of interest in working remotely from abroad. Whether pursuing a dream to live […]