03/25/2019
The new generation of Digital Nomads are enjoying visiting and living in exotic locations around the world in 2019 while working remotely, often in a freelance or entrepreneurial capacity. American Digital Nomads however are still required to file US taxes on their worldwide income, wherever in the world they may reside. This is because the […]
03/21/2019
The US taxes all US citizens and green card holders on their worldwide income, regardless whether they live in the US or abroad. The tax treaties that the US has signed with around 100 other countries don’t prevent American expats from having to file US taxes. Instead, to prevent expats paying US taxes on income […]
03/18/2019
All Americans (including green card holders) are required to file US taxes, reporting their worldwide income, including expats. Many expats mistakenly assume that they don’t have to file US taxes if they don’t have US sourced income, or due to a tax treaty, however all Americans who earn over $12,000 or just $400 of self-employment […]
03/11/2019
Breaking News: Expat small business owners were celebrating today as the Treasury announced relief for individual American owners of foreign registered corporations from the new GILTI tax introduced in the Trump Tax reform. Deep within 177 pages of Proposed Regulations released by the Treasury on March 4th 2019 dealing with the application of changes made under […]
03/07/2019
Canada is the second most popular destination for Americans living abroad (after Mexico), with an estimated one million US expats. Many US expats living in Canada aren’t sure about their US tax filing obligations though, and they often ask whether they need to file a US tax return, and, if so whether they need to […]
03/04/2019
Many of the 9 million Americans who live overseas have settled abroad permanently, perhaps because they have retired abroad, married a foreigner, or fallen in love with a particular place. Many of these long-term expats purchase foreign real estate, either to live in, or as an investment to provide them with rental income. All American […]
02/24/2019
With Winter, thoughts perhaps turn more often to the idea of retirement in a sunnier climate. There are lots of other good reasons for Americans to retire abroad too, such as a better quality of life, more affordable healthcare, and the opportunity to explore another culture. One important consideration for Americans who would like to […]
02/18/2019
All Americans, including expats, have been required to file US taxes, reporting their worldwide income, since the nineteenth century. It’s only over the last few years though that, due to foreign banks and governments now sharing expats’ financial data with the IRS the federal government has been able to enforce the requirement for expats to […]
02/14/2019
Living abroad is the opportunity of a lifetime, however it can be slightly marred for American expats because they are required to continue filing a US tax return from overseas, reporting their worldwide income. Expats filing in 2019 however will find that form 1040 is new, for the first time in decades. Will new […]
02/07/2019
Many Americans living abroad have heard that their income up to a certain threshold is exempt from US taxation. The truth is a little more complicated however. Due to America having a citizenship based taxation system, all Americans, including expats, are required to file a federal tax return each year, reporting their worldwide income. When […]