05/23/2019
Under the 2015 Protecting Americans from Tax Hikes (PATH) Act, the IRS is required to certify to the State Department any taxpayer who owes at least $52,000 (the figure is adjusted for inflation annually) in back taxes. The State Department then blocks any application from that person to receive or renew a new US passport. US filing […]
05/13/2019
Archie Harrison Mountbatten-Windsor was born to parents Prince Harry of England and Princess Meghan Markle this week. The baby prince is currently seventh in line to the British throne. But is he British or American (or both), and if he’s American, will he have to pay US taxes? Citizenship based taxation The US has an […]
05/06/2019
All Americans have to file a US tax return, reporting their worldwide income, including expats. This is because the US taxes based on citizenship, rather than based on residence like most other countries. This means that many Americans living abroad face the prospect of double taxation, paying income taxes both in the country where they […]
05/02/2019
American expats are required to file a US tax return reporting their worldwide income, just as if they lived in the US. Filing from abroad is typically more complex however, due to additional filing requirements such as claiming the exemptions and credits that help expats avoid double taxation, as well as reporting foreign accounts and […]
04/29/2019
American expats are required to file a US tax return each year, reporting their worldwide income. Expats may also have to report their foreign businesses, assets, and financial accounts, depending on factors including their types and values. When expats file, they can normally claim one or more IRS exemptions or tax credits that reduce their […]
04/25/2019
All American citizens and green card holders are required to file a US tax return every year, reporting their worldwide income, including those who live abroad. Expats however have an automatic extension until June 15th to file, and they can request a additional extension too, should they need it. When expats file, they must also […]
04/08/2019
The United States taxes based on citizenship. This means that all US citizens (and green card holders), including anyone with the right to US citizenship, are liable to pay US taxes, wherever in the world they live. This often leaves US expats having to file both a US tax return as well as a tax […]
04/04/2019
Americans living abroad are required to file a US tax return, reporting their worldwide income, just as if they were living in the States. To avoid paying US taxes as well as foreign taxes on their worldwide income, the IRS has made a number of provisions available, such as the Foreign Tax Credit and the Foreign […]
04/01/2019
The US-China tax treaty was signed in 1984 and came into effect in 1987. Unlike many other US tax treaties, it hasn’t been updated since or added to since. The purpose of the treaty is to prevent double taxation for Americans living in China and Chinese citizens living in the US. The principle way it […]
03/28/2019
‘Non-resident alien’ is the term that the IRS uses to describe foreigners who live abroad. Many Americans marry non-resident aliens, perhaps having met them while travelling or working abroad. Many of these Americans then live abroad as expats after having married them. American expats are still required to file US taxes every year, reporting their […]