09/10/2020
Republicans Overseas, a political organization representing the interests of Americans living abroad, has hand-delivered a letter to White House Chief of Staff Mark Meadows requesting that the President alleviate aspects of expat taxation by Executive Order. Republicans Overseas was founded in 2014 with one of its express aims being repealing the 2010 Foreign Account Tax […]
09/07/2020
When most people think about income taxes, they think of the taxes automatically withheld from their paycheck — or, if they’re self-employed, the quarterly tax estimates they pay. But, what about taxes on unearned income? Unearned income — also known as passive income — refers to the income you don’t actively work for. This can […]
08/31/2020
Millions of Americans live and work abroad. They may have been posted abroad by a US firm or the US government, they may have moved abroad and found employment with a foreign firm, or they may be self-employed or own and run their own business. In every situation though, Americans working abroad are required to file […]
08/20/2020
The 2020 US Presidential Election has been overshadowed by the Coronavirus Pandemic this year, with campaigning limited compared to normal, so far at least. Taxes form an important aspect of both the Republican and Democratic party policy platforms. This year, the Democrats’ tax plans are relatively radical. In this article we look at what changes […]
08/13/2020
This post was last updated March 6, 2023. It’s frustrating for expats, but all US persons (both citizens and permanent residents) are required to file a federal tax return as long as they meet the income reporting threshold. Depending on their circumstances, expats may also owe taxes to the country in which they reside. However, […]
08/10/2020
All Americans have to file US taxes on their global income, wherever in the world they live. Many American expats own rental property, either in the US or overseas. The way foreign rental property is treated for US tax purposes is different compared to US rental property though. Rental Property Depreciation for Expats Rental Property […]
08/06/2020
Many Americans living abroad assume that, because they don’t reside in the US, they don’t have to file US taxes. US law though requires all Americans to file US taxes, regardless of where they reside, and reporting their total global income. They also often have to report any foreign registered businesses, bank accounts, and investments […]
07/27/2020
The 2024 U.S. Presidential Election unfolds amid a dynamic global landscape, reflecting significant political, social, and economic shifts. As the world adapts to these changes, American expatriates have crucial questions regarding their participation in this pivotal election. Here, we address these queries to ensure U.S. citizens abroad are well-prepared to cast their votes. What date […]
07/20/2020
The over 9 million Americans who live overseas are natural adventurers, and ambassadors for their country. While living far from the land of your birth presents challenges as well as adventures, thankfully in the age of more or less global internet coverage, there are many resources that expats can take advantage of to find information […]
07/16/2020
The IRS has released the final GILTI rules, two and a half years after the new tax on Americans with a foreign registered business was introduced as part of the 2017 Tax Cuts and Jobs Act. Initially intended to target large multinationals like Apple that had established offshore subsidiaries so as to pay less US […]