10/05/2025
Uncle Sam and American expats aren’t exactly the best of friends. Regardless of where they live, American citizens have to declare their worldwide income to the IRS, and many aren’t even aware of this. Yep, you heard that right. That’s because the United States is one of only two countries that applies citizenship-based taxation. And […]
10/05/2025
Just like taxpayers on US soil, Americans abroad typically have one or more bank accounts to receive their income and facilitate payment of living expenses. For expats, the fact that these accounts for everyday financial management are foreign creates an additional U.S. Treasury reporting requirement called the FBAR, or the Foreign Bank Account Report. For […]
10/05/2025
If you’re an American living outside the US, you may not be aware that you’re required to file a US tax return each year. While US expats receive an automatic two-month extension to file, what happens if the due date rolls around and you miss it? Not paying your taxes is a habit you don’t […]
10/06/2025
The COVID-19 pandemic made many US expats rethink what they want out of life. During a time of travel restrictions and isolation, some expats realized that returning back to the United States to be close to family and friends was what they valued most. It was the case for Louisiana native Chara Richterberg, who until […]
10/06/2025
Say what? According to an audit by the Treasury Inspector General for Tax Administration (TIGTA), the IRS destroyed over 30 million paper-filed return documents in March 2021. The news generated quite a lot of controversy among the tax community and members of Congress. In this blog post, we’ll cover why the IRS burned these 30 […]
11/17/2025
All Americans whose income exceeds certain thresholds must file (and potentially pay) United States taxes. Due to the US’s system of citizenship-based taxation, this is true even for American citizens and resident aliens living abroad. But no matter what currency their income is issued in, US expats must report it in US dollars (USD) — […]
10/06/2025
Ahh…The Bahamas. With beautiful sandy beaches, turquoise waters, world-class nightlife and dining, what more could a sun-craving American ask for? And on top of its gorgeous landscapes and relaxed lifestyle, the Bahamas is an attractive country for many expats due to its low taxes. This blog post will cover what taxes US expats in the […]
11/17/2025
It’s common for many Americans living overseas and grappling with annual US tax returns to consider renouncing US citizenship. While factors like taxation often play a significant role in the choice to renounce, many expats also find themselves caught between the obligation to file taxes and the lack of knowledge to navigate the system effectively. […]
11/17/2025
Globally-minded US entrepreneurs, location-independent contractors overseas, and freelancers abroad are trailblazers with unique tax needs: To understand how to file taxes for self-employed expats. Before any self-employment taxes (sometimes referred to as “SE tax“) are filed though, you’ll want to ensure that your global US tax strategy is maximum efficient. To accomplish this, you’ll need […]
10/05/2025
Americans have worked within a citizenship-based taxation system for well over 100 years. In other words, US citizens (as well as permanent residents) must report their worldwide income and file a federal tax return annually. Only in the last decade has this had any real impact on Americans living abroad. The Foreign Account Tax Compliance […]