Top Tax Strategies for Americans Who Would Like to Retire Abroad

Top Tax Strategies for Americans Who Would Like to Retire Abroad

With Winter, thoughts perhaps turn more often to the idea of retirement in a sunnier climate. There are lots of other good reasons for Americans to retire abroad too, such as a better quality of life, more affordable healthcare, and the opportunity to explore another culture. One important consideration for Americans who would like to […]

US Expat Sues IRS Over New Transition Tax

US Expat Sues IRS Over New Transition Tax

All Americans, including expats, have been required to file US taxes, reporting their worldwide income, since the nineteenth century. It’s only over the last few years though that, due to foreign banks and governments now sharing expats’ financial data with the IRS the federal government has been able to enforce the requirement for expats to […]

New Form 1040 in 2019 – Everything Expats Need to Know

New Form 1040 in 2019 – Everything Expats Need to Know

Living abroad is the opportunity of a lifetime, however it can be slightly marred for American expats because they are required to continue filing a US tax return from overseas, reporting their worldwide income.   Expats filing in 2019 however will find that form 1040 is new, for the first time in decades. Will new […]

Taxes for Expats – The United States – Canada Tax Treaty

Taxes for Expats – The United States – Canada Tax Treaty

  The US-Canada tax treaty was signed in 1980, with a protocol added in 2007. The purpose of it is to prevent double taxation for Americans living in Canada and Canadians living in the US, however due to the inclusion of a ‘Savings Clause’ in Article XXIX (Miscellaneous Rules), which states that the US can […]

Foreign Tax Credit Form 1116 – What US Expats Need to Know

Foreign Tax Credit Form 1116 – What US Expats Need to Know

Since the nineteenth century, the US has required all American citizens to file a US tax return, reporting their worldwide income, even if they live abroad. This leaves American expats around the world exposed to the possibility of double taxation, having to file taxes both to the US and in the country where they live. […]

US Taxes for Expats – FATCA Filing Requirements in 2019

US Taxes for Expats – FATCA Filing Requirements in 2019

Americans who live abroad are required to continue filing a federal tax return each year, reporting their worldwide income, even if they’re also filing a tax return in the country where they’re living. When expats file their federal return they can claim one or more exemptions that the IRS has made available by filing the […]