Traditional and Roth IRAs and Taxes – What US Expats Need to Know

Traditional and Roth IRAs and Taxes – What US Expats Need to Know

American expats are required to file a US tax return each year, reporting their worldwide income. Expats may also have to report their foreign businesses, assets, and financial accounts, depending on factors including their types and values. When expats file, they can normally claim one or more IRS exemptions or tax credits that reduce their […]

The US – Israel Tax Treaty for Expats

The US – Israel Tax Treaty for Expats

The US-Israel tax treaty was signed in 1975, and last updated in 1995, though there is speculation that it will be updated again soon in the light of the changes to the US tax system implemented in the recent tax reform. The purpose of the treaty is to prevent double taxation for Americans living in […]

US Taxes on Foreign Income for Expats

US Taxes on Foreign Income for Expats

The United States taxes based on citizenship. This means that all US citizens (and green card holders), including anyone with the right to US citizenship, are liable to pay US taxes, wherever in the world they live. This often leaves US expats having to file both a US tax return as well as a tax […]

US Expats Taxes – Best State Residency for Expats

US Expats Taxes – Best State Residency for Expats

Americans living abroad are required to file a US tax return, reporting their worldwide income, just as if they were living in the States. To avoid paying US taxes on their worldwide income as well as foreign taxes, the IRS has made a number of provisions available, such as the Foreign Tax Credit and the Foreign […]

Taxes for Expats – The US – China Tax Treaty

Taxes for Expats – The US – China Tax Treaty

The US-China tax treaty was signed in 1984 and came into affect in 1987. Unlike many other US tax treaties, it hasn’t been updated since or added to since.  The purpose of the treaty is to prevent double taxation for Americans living in China and Chinese citizens living in the US. The principle way it […]

IRS Taxes for US Citizens Married to a Non-Resident Alien

IRS Taxes for US Citizens Married to a Non-Resident Alien

‘Non-resident alien’ is the term that the IRS uses to describe foreigners who live abroad. Many Americans marry non-resident aliens, perhaps having met them while travelling or working abroad. Many of these Americans then live abroad as expats after having married them. American expats are still required to file US taxes every year, reporting their […]

Best Expat Digital Nomad Blogs in 2019

Best Expat Digital Nomad Blogs in 2019

The new generation of Digital Nomads are enjoying visiting and living in exotic locations around the world in 2019 while working remotely, often in a freelance or entrepreneurial capacity. American Digital Nomads however are still required to file US taxes on their worldwide income, wherever in the world they may reside. This is because the […]