Tax Return Filing For US Citizens Living Abroad

Tax Return Filing For US Citizens Living Abroad

Over nine million US citizens are living abroad, including US military and diplomatic staff. According to US law, all of them who meet minimum IRS income requirements have to file a US tax return every year, reporting their worldwide income. Neither international tax treaties, nor where their income is sourced, nor whether US citizens living […]

Streamlined Procedure FAQs for US Expats

Streamlined Procedure FAQs for US Expats

Many American expats assume that living abroad, or perhaps a tax treaty, exempts them from filing US taxes from overseas, so they are surprised to discover that the US requires all American citizens and Green Card Holders to report their worldwide income and that they still have to file. Many expats realize this after already […]

Foreign Companies IRS Tax Reporting for Expats

Foreign Companies IRS Tax Reporting for Expats

All American citizens, including those living abroad, are required to file a US federal tax return every year reporting their worldwide income. Neither international tax treaties, nor any foreign tax filing requirement, mitigate the requirement for American expats to file a US federal tax return. To avoid double taxation, expats can claim provisions such as […]

Challenges and Benefits of Working Remotely Abroad

Challenges and Benefits of Working Remotely Abroad

One of the long-term legacies of the Covid pandemic is forecast to be a widespread transition to remote working. Combined with a pent-up appetite for international travel, this is likely to mean that the next couple of years will bring a surge of interest in working remotely from abroad. Whether pursuing a dream to live […]

What is the Best US Expat Tax Deduction?

What is the Best US Expat Tax Deduction?

The US taxes all American citizens on their worldwide income, including Americans living abroad. For American expats, this requirement to file from overseas can create significant headaches. These include, for many expats: currency conversions, having to file foreign and US taxes and so risking double taxation, and difficulties accessing local banking and other financial services […]

Capital Gains Tax for US Expats – What You Need to Know

expat paying capital gains tax

All Americans are required to file US taxes every year reporting their worldwide income, whether they live in the US or abroad. Thankfully, there are several exemptions, such as the Foreign Earned Income Exclusion, that expats can claim when they file that allow them reduce or entirely eliminate entirely their US tax liability. What about […]

US Expat Tax 2021 Law Changes News Update

US Expat Tax 2021 Law Change News Update

2021 is set to be another year of change in US taxes, with the Coronavirus pandemic still affecting both government and citizens, and the new administration planning significant law changes. The IRS is investing in a year-long revamp of its IT systems, including Medicare and FATCA (more about FATCA later), as well. In this article, we […]