02/23/2024
If you still have US citizenship, your worldwide income is subject to US tax rules. No matter what country you currently call home. Still, many American expats spend years abroad without being aware of the fact, so they fail to file a tax return with the IRS. And when they learn about it, they are […]
12/28/2023
Two of the most common additional US tax forms expats have to file are the FBAR and Form 8938 — but what is the difference between FBAR vs. 8938? While foreign assets are reported on both of these forms, they differ in terms of asset type and reporting thresholds. It’s important to understand the differences […]
03/14/2023
Selling inherited property or selling a gifted property? Both have significant tax implications, making it important to gather information before you make any formal commitments. The exact way the federal government taxes property sales depends on individual circumstances. Factors like your country of residence, how you came to own the property, and how long you’ve […]