Tax Planning & Advice

Many Americans living abroad have heard of an IRS tax exemption for overseas income, so they assume that don’t have to file a US tax return from abroad if their income is sourced overseas. The truth, however, isn’t as straightforward. While it’s true that there’s an IRS exemption available for overseas income, it has certain […]

With the June 15 expat tax filing deadline just a week away now, what do Americans living abroad need to know – and do? US tax filing requirements for Americans living abroad Unlike most other countries, the US runs a citizenship based taxation system, which means that it requires all US citizens (and Green Card […]

US mutual funds are a popular investment vehicle stateside and are frequently recommended as an affordable and convenient way to diversify investment portfolios. With that commonplace advice in mind, many expats consider investing in mutual funds based outside the US. Investing in foreign mutual funds, however, isn’t quite as straightforward as investing in a US-based […]

Tax Day was moved this year for all Americans, due to the impact the pandemic has had on both the IRS and taxpayers. The IRS in particular has been unusually overwhelmed this year, due to distributing stimulus checks, the fact that many IRS staff are still working remotely, and due to having to enact changes created […]

Over nine million US citizens are living abroad, including US military and diplomatic staff. According to US law, all of them who meet minimum IRS income requirements have to file a US tax return every year, reporting their worldwide income. Neither international tax treaties, nor where their income is sourced, nor whether US citizens living […]

All American citizens, including those living abroad, are required to file a US federal tax return every year reporting their worldwide income. Neither international tax treaties, nor any foreign tax filing requirement, mitigate the requirement for American expats to file a US federal tax return. To avoid double taxation, expats can claim provisions such as […]

The US taxes all American citizens on their worldwide income, including Americans living abroad. For American expats, this requirement to file from overseas can create significant headaches. These include, for many expats: currency conversions, having to file foreign and US taxes and so risking double taxation, and difficulties accessing local banking and other financial services […]

All Americans are required to file US taxes every year reporting their worldwide income, whether they live in the US or abroad. Thankfully, there are several exemptions, such as the Foreign Earned Income Exclusion, that expats can claim when they file that allow them reduce or entirely eliminate entirely their US tax liability. What about […]

This post was last updated March 27, 2023. According to World Population Review, Canada is second only to Mexico as the most preferred destination by American expats. Between Canadian friendliness and endless natural beauty, what’s not to love? For many Americans living in Canada, there’s an added bonus: proximity to the US.  Considering these factors, […]