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 […]
01/24/2019
The current federal government shutdown began on midnight of 22nd December 2018, exactly a year after President Trump signed his Tax Return act into law. While government shutdowns aren’t too much of a novelty any more, at over a month the current one has gone on for longer than any other previously (the previous record […]
01/21/2019
With 2019 US tax filing season here again, in this article we take a look at everything that US expats need to know, including requirements, deadlines, rules changes, and the new form 1040. When can expats start filing? All American citizens, along with green card holders, are required to file US taxes every year, reporting […]
01/03/2019
In the final few hours before the US government closed for the 2018 Christmas holiday, Congressman George Holding of North Carolina delivered the Tax Fairness For Americans Abroad Act of 2018 (H.R. 7358), aimed at alleviating the issue of American citizens who live abroad (expats) having to file US taxes on their worldwide income as […]
12/17/2018
Allows American expats and Digital Nomads who work from home to deduct the legitimate expenses related to their work space when they file their US tax return. All Americans are required to file a US federal tax return, reporting their worldwide income, wherever in the world they may be, if they earn a total of […]
12/13/2018
Following the closure of the OVDP (Offshore Voluntary Disclosure Program) back in September 2018, the IRS has now announced details for the replacement process. What is (or was) the OVDP? All Americans are required to file US taxes, regardless of where in the world they live, reporting their worldwide income. To avoid paying US taxes, […]
12/10/2018
Because all American citizens and green card holders are required to file a US tax return, reporting their worldwide income, the IRS provides a number of exemptions that can be claimed that help expats minimize (and most often eliminate entirely) their US tax liability. These exemptions must be claimed when expats file their federal […]
11/29/2018
All Americans (including green card holders) are required to file a federal tax return each year, reporting their worldwide income, irrespective of where in the world they live. This requirement is almost unique to America (most countries tax based on whether you live or have income or assets in the country), and as it’s perhaps […]
11/19/2018
It’s that time of year again when we start taking stock of 2018 and looking ahead to the holiday season and next year. For many expats, it makes sense to start getting their ducks in a row now, in terms of year-end tax planning , to avoid a last minute rush in December when they […]
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 […]