02/04/2016
Self-employment tax is an amount of money that you need to pay the government if you are self-employed, like owning your own business or doing freelance work. You are required to pay this tax if your net profits from self-employment add up to at least $400. It applies to all self-employed US citizens or residents, […]
02/04/2016
By Julia Werdigier LONDON — A tax deal made by Switzerland and the United States this past week effectively puts an end to the status of the small Alpine country as a tax haven for wealthy Americans. The watershed agreement, which came after more than three years of intense discussions between the two countries, is […]
02/04/2016
The United States Treasury Department is now actively working with more than 50 nations to share Americans’ personal financial data that will reveal who is tax compliant, including American expats living overseas. The effort is in support of new FATCA (Foreign Account Tax Compliance Act) laws that require foreign financial entities to report Americans’ account […]
02/04/2016
FATCA and the vilification of the American expat productive class There is a group of Americans who ought to be heralded as heroes. Instead, they are fairly vilified and treated mostly with suspicion by US taxing authorities. They are the American citizens who live and work overseas. It is interesting to note that most consumers […]
02/04/2016
by Sean Peters, SoapBoxMedia Bright!Tax helps Americans living abroad with the often dubious task of preparing taxes outside of the country. Using an online cloud system, the company operates in a simple and nearly paperless manner that makes tax season less irritable for expatriates. A semi-finalist to be part of UpTech’s annual workshop, the New […]
02/04/2016
We suggest the most relevant approach to this question is to weigh the potential outcomes as a result of your situation – and usually there are two Option One – You choose to continue not filing your US taxes. This is both risky and, by US law, it is a criminal offense. The potential outcome to […]