01/15/2023
Taxes for expats tend to be complicated, especially for US expats. If you’re a US citizen living abroad with questions about what the expat tax filing requirements are, you’re not alone. Some expats aren’t even aware they need to continue filing US tax returns while living overseas. Expatriate tax is a complicated realm for Americans […]
12/01/2021
The Foreign Bank Account Report (FBAR) is filed using FinCen Form 114, though much about this US reporting requirement is misunderstood. In the following article, we dive into the essential elements of FinCEN Form 114, providing key background information, and detailing who must file and deadlines in 2024. Ensuring adherence to these regulations is key […]
11/25/2021
The Streamlined Filing Compliance Procedures (SLP) provides a light at the end of the tunnel for qualifying global US taxpayers seeking IRS amnesty from late-filing US tax penalties. As a US citizen or permanent resident living overseas, getting a handle on your tax responsibilities is essential. The program offers a streamlined process for expats to […]
09/30/2021
If you’re a US expat living abroad, you’ve likely heard FATCA used as a bad word. And to be frank, it can quite literally ruin someone’s day – it significantly complicates US taxpayers’ day-to-day life abroad. Some context: The Foreign Account Tax Compliance Act (FATCA), is a law passed by US Congress in 2010 to […]
04/10/2024
Americans looking to move to a beautiful, safe, and relatively affordable country in their golden years may want to retire in Costa Rica. Whether you want to relax, go on adventures, or indulge in a bit of both, Costa Rica’s got you covered. And with a dedicated retirement visa, moving there is much more attainable […]
04/09/2024
Budgeting as a digital nomad can be tricky, but it’s essential. Travel expenses can add up quickly, and you don’t want to run out of funds in a foreign country. That said, it’s definitely possible to travel — even for an indefinite amount of time — without breaking the bank. Below, we’ll go over everything you […]
04/03/2024
Exploring the best countries to teach English and save money? You’ve come to the right place to learn about the top locations around the world for those looking to travel, make money, and pursue a rewarding career. With quite a few countries offering high salaries, low taxes, a low cost of living, and sometimes even […]
03/28/2024
Italy’s digital nomad visa has had buzz around it ever since the government first announced plans to offer one in March 2022. Between the country’s fascinating history, beautiful vistas, and incredible cuisine, it’s no wonder Italy is the fifth most-visited country in the world. For a long time, however, would-be applicants were in the dark […]
03/21/2024
As a digitally savvy expat, you likely have some experience with money service providers and payment systems like Wise, PayPal, and others. And it’s all fun and games until it’s time to file your FBAR (Report of Foreign Bank and Financial Accounts), the annual disclosure of your foreign financial accounts held outside the US. Generating […]
03/20/2024
For Americans considering or planning a move to Spain, reading up on the Beckham Law is a must. This special tax regime can offer significant tax cuts on Spanish-sourced income and exclude most worldwide income from Spanish taxation. Altogether, this can result in major savings on your tax bill. But who exactly qualifies for Beckham […]
03/20/2024
Which country is better for investing in real estate, Panama or Costa Rica? Americans looking to move abroad while staying within the North American continent are increasingly asking this question. Both Latin American countries offer tropical climates, unspoiled nature, and vibrant expat communities. Of course, the two countries differ in some key ways—these differences are […]
03/15/2024
If you’re an American looking to move abroad, it makes sense that you would be interested in setting up in the lowest tax countries for expats. After all, the United States extends its definition of tax residency to all citizens and permanent residents. You won’t want to add too much tax liability on top of […]
03/01/2024
It’s one of the most common questions among soon-to-be US expats: If I’m moving abroad, should I sell or rent my house? Selling your house outright can take a load off your mind, but renting it out allows for a stream of steady rental income. Ultimately, the best option for you depends on your situation: […]
02/28/2024
If you want to move to a country with a rich culture, an affordable cost of living, and beautiful vistas, you may want to look into Spain’s golden visa. For those with capital to invest, the Spanish golden visa offers the aforementioned benefits and many more. Of course, before deciding whether or not you want […]