08/24/2022
Let’s face it, very few people actually enjoy filing their taxes. It’s no wonder why over a third of Americans report that they procrastinate and always file their taxes at the last minute. However, the tax timeline is a bit different for American expats (and green card holders). In this article, we quickly cover the […]
08/09/2022
Receiving an inheritance has tax implications – particularly if you inherit an asset from someone outside the US. Since US expats have more complex reporting requirements than US citizens who reside stateside, you might wonder how to handle reporting a foreign inheritance. If you’re a US expat or tax resident, here’s everything you need to […]
08/02/2022
Americans struggle with a lack of knowledge about their retirement plans. According to a survey by GOBankingRates, over 37% of Americans feel like they don’t know enough about retirement and need more education on how they can successfully retire. When a US expat decides to move overseas, understanding how to contribute to their IRA retirement […]
07/26/2022
So, you’re married to a US citizen or worked in the US at some point in your life, and you’re an official green card holder. What happens to your tax obligations if you decide to move outside of the States for a given amount of time? Many expats would like to hold on to their […]
07/18/2022
According to estimates from the US Department of State, over nine million Americans live abroad. And now that they left the US behind, it also makes sense to leave their state tax obligations behind, right? Surprise, surprise, that’s not always the case. Sometimes even thousands of miles away from the US, American expats may still […]
06/21/2022
If you’re an American living outside the US, you may not be aware that you’re required to file a US tax return each year. While US expats receive an automatic two-month extension to file, what happens if the due date rolls around and you miss it? Not paying your taxes is a habit you don’t […]
06/14/2022
Regardless of where they live, American expats have to declare their worldwide income and file their US tax returns each year. That’s because the US is one of the few countries in the world that applies citizenship-based taxation. However, here’s where things get a bit tricky. Since US expats have to declare their income and […]
05/27/2022
It’s common for many Americans living overseas and grappling with annual US tax returns to consider renouncing US citizenship. While factors like taxation often play a significant role in the choice to renounce, many expats also find themselves caught between the obligation to file taxes and the lack of knowledge to navigate the system effectively. […]
04/08/2022
If you’re like many American expats, filing your US tax return from abroad may seem like a daunting task, however it doesn’t have to be that way. When filing from abroad, being prepared and understanding which documents to gather is important to ensure a smooth, stress-free filing process. Once you reach out to an expat […]
04/01/2022
If you’re an American living abroad, you may have already heard of the concept of “citizenship-based taxation.” If you haven’t, though, you’re not alone. Many US expats only find out about this unique tax system after they move overseas. It’s a concept all US citizens should familiarize themselves with, however, as it has major tax […]