Freelancers and Small Business Owners

Taxes for US Expat Entrepreneurs

Over 9 million Americans live abroad, and it shouldn’t be a surprise that a large number of them are entrepreneurs, as they are all adventurous by nature. American expats are still required to file US taxes though, wherever in the world they may live.

Tax Strategies for Expat Entrepreneurs

The US taxes all US citizens and green card holders around the world, including their businesses, so it’s important for US expat entrepreneurs to contact a US expat tax specialist and put in place the right structures and strategies to minimize their tax liability.

US Tax Implications: Getting a Job Offer Abroad

US tax job abroad

Earning a promotion is exciting – and accepting a new position overseas can be even more thrilling. Living in a new country grants you the opportunity to explore new places, soak in new cultures, and maybe even learn another language. But before you accept that job offer abroad, it’s important to weigh all of your […]

What is GILTI? What Expats Need to Know About IRS Form 8992

US expat researches, "What is GILTI" on his computer.

Living abroad as a US expat can open you up to new opportunities – particularly when it comes to your career. Depending on your future goals, you may even decide to go into business for yourself. If you do, it’s important to understand how forming your own foreign corporation can impact your taxes, particularly with […]

How to File Taxes for Self-Employed Expats: The Essentials

US expat researches how to report foreign self employment income.

Globally-minded US entrepreneurs, location-independent contractors overseas, and freelancers abroad are trailblazers with unique tax needs: To understand how to file taxes for self-employed expats. Before any self-employment taxes (sometimes referred to as “SE tax“) are filed though, you’ll want to ensure that your global US tax strategy is maximum efficient. To accomplish this, you’ll need […]

IRS Form 8832: Business Entity Election for US Expats

IRS Form 8832 - Business Entity Classification

When forming a business abroad as a US expat, there are several important factors to consider. Chief among them is selecting the business entity to establish – this may later inform how you file IRS Form 8832: Entity Classification Election. Filing Form 8832 establishes how the IRS classifies and taxes your foreign business. That said, […]

The 962 Election – Untangling a GILTI Expat Intricacy

Section 962 Election for US Expats with Controled Foreign Corporations (CFCs)

If you’re an expat business owner, the 962 election is one of several tax provisions you may need to wrap your head around. This is especially true if you earn GILTI, Global Intangible Low Taxed Income.  As a reminder, in 2017, the US government introduced the Tax Cuts and Jobs Act (TCJA), which initiated GILTI. […]

Expat Attorney Monte Silver Turns Sights on GILTI

Expat Attorney Monte Silver Turns Sights on GILTI

Leading US tax attorney Monte Silver has been locked in a legal action with the IRS for over a year, in defense of American expats with a small business registered abroad. All American citizens, including expats, are required to file US taxes every year, reporting their worldwide income and their offshore financial accounts and businesses. […]