11/12/2018
Of the more than nine million Americans who live overseas, many of them only discovered that they are required to file U.S. taxes from abroad, reporting their worldwide income, after they had moved. Millions of U.S. expats must also pay income tax in the country where they live, so the question arises of how to […]
11/05/2018
Americans living abroad are required to continue filing a U.S. federal tax return, reporting their worldwide income. To avoid having to pay U.S. taxes, expats must claim one or more exemptions that the IRS has made available for them, such as the Foreign Earned Income Exclusion and the Foreign Tax Credit by filing additional forms. […]
10/30/2018
Millions of U.S. expats are dismayed when they discover that they are required to file U.S. taxes from abroad, reporting their worldwide income. Many expats quite reasonably assume that once they live abroad, they no longer have to file U.S. taxes, or perhaps that they are protected by a tax treaty, or some may have […]
10/25/2018
Expats are the new pioneers, forging out into the unknown on a journey of discovery and unforeseen opportunity. The desire for and ability to not just survive but thrive in new environments makes expats well suited to being entrepreneurs, explaining why millions of American expats choose to start their own business. Americans are more […]
10/22/2018
Last week, Engand’s Prince Harry and his American wife Princess Meghan Markle announced that they are expecting a baby, just five months after their globally televized wedding. The news was well received across America, a welcome piece of good news in an otherwise politically charged news cycle An unusual subplot to the story though is […]
10/18/2018
Living and working abroad is an incredibly exciting opportunity. Because the U.S. taxes based on citizenship though, Americans living in a foreign country have to continue filing a federal U.S. tax return from abroad, while most also often being subject to a foreign tax regime in the country where they live, too. To avoid double […]
10/15/2018
In a wide ranging 2016 survey, Madrid was voted the number one preferred destination for expats in Europe. An estimated 25,000 lucky Americans live there, enjoying its culture, architecture, world class restaurants, galleries and museums, not to mention its two champion soccer teams. Combined with first world infrastructure and public services, and it’s easy to […]
10/11/2018
Around 9 million Americans live abroad, with the number continually rising as more and more people take advantage of the opportunity to live, work, and retire abroad. Many aren’t aware though that the U.S. requires all American citizens and green card holders to file a U.S. tax return every year wherever in the world they […]
10/08/2018
The U.S. has a highly unusual tax system in that it’s based on citizenship rather than on residence. Almost every other country either taxes based on residence, so you only pay taxes in that country if you live there, or has a territorial tax system, meaning you only pay tax on income generated there. The […]
10/04/2018
If you’re about to sell (or are considering selling) a substantial amount in assets, the capital gains tax is likely top of mind. While capital gains taxes can be complex in general, Americans living abroad must take additional factors into account. Failing to weigh the tax implications before carrying out a sale can take a […]