10/21/2020
Americans who haven’t filed their 2019 FBAR yet in 2020 have been granted an automatic filing extension until October 31st 2020. On Wednesday October 14th 2020, just a day before the regular FBAR filing deadline, the Financial Crimes Enforcement Network (FinCEN, to which FBARs are filed) announced an extension until December 31st 2020 by way of […]
10/19/2020
If you’re an expat business owner, the 962 election is one of several tax provisions you may need to wrap your head around. This is especially true if you earn GILTI, Global Intangible Low Taxed Income. As a reminder, in 2017, the US government introduced the Tax Cuts and Jobs Act (TCJA), which initiated GILTI. […]
10/15/2020
With less than three weeks to go until the 2020 election, it’s time to take stock and have a look at the implications of the two outcomes for expats. It’s the strangest election year in living memory and perhaps ever, with the economy rocked by a global pandemic, social unrest across the country, and the […]
10/12/2020
With the rise of the digital nomad and the global transition to remote work, arguably, there hasn’t been a better time to relocate abroad. But moving to a new country isn’t as easy as simply packing up a suitcase and hopping on a plane. Being a successful remote worker, especially from abroad, entails so much […]
10/08/2020
Tax season is approaching, and your return isn’t quite ready? No need to panic — this happens to many Americans living abroad. Many are not even aware they’re still subject to US taxes even though they live in another country. Luckily, the IRS provides expats an extra opportunity to collect all the necessary documentation and […]
10/01/2020
This year, while the world has been preoccupied with the Coronavirus pandemic, the IRS has also been quietly increasing its focus on enforcement of Bitcoin and other Cryptocurrencies holders. The IRS sees virtual currencies as an area of potential tax avoidance. In 2019, for the first time in five years (during which time the profile […]
09/28/2020
If you’re a non-US national who lives or works in the US part-time, or if you have US-source income, you may very well need to file a US nonresident alien (“NRA”) income tax return. Filing this return correctly and on time is essential — otherwise, you may face significant fines and penalties. The US tax […]
09/24/2020
The US requires all American Citizens to file US taxes, reporting their global income, wherever in the world they live or receive income. Because many American expats have to file foreign taxes in another country too, the IRS has introduced some provisions that expats can claim when they file to avoid double taxation. The two […]
09/21/2020
Americans living abroad who previously lived in California may still be liable to pay California state income taxes. California is among the states with the most stringent income tax regimes, and similarly to the Hotel California lyric, you can check out any time you like, (yet when it comes to taxes), it can be hard […]
09/14/2020
Election year! The US presidential election taking place on Tuesday, November 5th 2024 may be the strangest election in living memory, happening against a backdrop of domestic social unrest and a global pandemic. Can Americans living abroad vote though? With over 9 million Americans living abroad, will expats’ votes make a difference? How can expats […]