10/06/2025
As we approach the end of year holidays, it’s a good time for expats to take stock and do some year-end tax planning. Year-end tax planning for expats falls into two broad categories: minimizing year 2019 taxes, and planning ahead for 2020. Minimizing year 2019 taxes Ensure that you qualify for the Foreign Earned Income […]
10/06/2025
Each year the IRS adjusts tax brackets, the Standard Deduction, and exclusion thresholds for inflation. Last week the IRS announced the new figures for 2020. These will be applied to the year from January 1st to December 31st 2020, the 2020 tax year, for which expats (along with Americans living stateside) will file in 2021. […]
10/06/2025
Many UK citizens (as well as citizens of other countries) live or work in the US at some point, and they often acquire Legal Permanent Resident status, also known as a Green Card. When returning to the UK (or another country) though, the question arises about whether they should retain their US green card or […]
10/06/2025
The US requires all Americans to file US taxes every year, reporting their worldwide income. This includes Americans living abroad. Additionally, American expats have to claim exemptions such as the Foreign Tax Credit and the Foreign Earned Income Exclusion to reduce their US tax bill. Most US taxpayers living abroad can reduce their US tax bill to […]
10/06/2025
All American citizens and Green Card holders are required to file a US federal tax return every year, reporting their global income, even if they live abroad. Americans may also have to report any foreign registered businesses, financial assets, and bank or investment accounts that they may have. Neither international tax treaties nor filing foreign […]
10/06/2025
Many US citizens living abroad aren’t sure whether they need to file US taxes. In this article we’re going to clear up a few common misconceptions, and provide some strategies for success. Do US citizens living abroad have to file US taxes? Yes. All US citizens, including those living abroad, who earn more than the […]
11/17/2025
Japan has long been hailed as a great vacation destination due to its natural beauty, rich culture, and delicious cuisine — but it’s also surprisingly common for Americans to retire in Japan. And with Japan’s great healthcare system, low crime rates, and lower cost of living, it’s not hard to see why. Below, we’ll delve into […]
10/06/2025
The IRS has released a new draft Form 1040 for 2019 tax year (filing in 2020). While the new form is still in a public consultation phase, it’s notably different from the current Form 1040, which itself was only introduced just in time for the 2018 tax year and was a big departure from the […]
10/06/2025
Last week the UK announced former mayor of London Boris Johnson as the country’s new Prime Minister. Few people know though that new UKPM Mr Johnson was until 2016 an American citizen, and that he renounced his US citizenship to avoid having to file US taxes. Mr Johnson was a US citizen by virtue of having […]
11/17/2025
Most US expats are familiar with ordinary income taxes, which range from 10% to 37% depending on overall taxable income. Through expat-specific tax breaks, Americans abroad can often greatly reduce or eliminate their US tax liability. While this is generally a good thing, it can make high-income expats more susceptible to the Alternative Minimum Tax […]