Nov 6, 2018 | Personal U.S. expat taxes
Most of the Americans abroad agree that US expat taxes can be intimidating. The U.S. and Eriteria are the only two countries in the world, which impose taxes on their citizens regardless of their residence. Taxes are already complicated matter, but it’s even...
Oct 1, 2018 | Personal U.S. expat taxes
While all Americans are taxed in their worldwide income regardless where they reside, they also have Foreign Earned Income Exclusion to reduce the tax burden. And this is what our today’s tax infographic is about. In 2018 you can eliminate up to $104,100 of...
Sep 12, 2018 | Renouncing U.S. Citizenship
We received a question from Denise from Canada. The question is: “I’ve heard a lot of words to describe people who were no longer U.S. citizens – “surrendered”, “relinquished”, “renounced” U.S. citizenship. What is the difference between these three...
Sep 3, 2018 | Personal U.S. expat taxes, US expat taxes by different countries
Every day we receive a lot of questions about US expat taxes for US citizens living in Australia. No wonder there is a big demand as there are over 200,000 US expats living down there. For a few years, Australia tops ratings as one of the best expat destinations....
Aug 11, 2018 | Personal U.S. expat taxes
More than a year ago, Congress passed law HR 22. It resulted in IRC section 7345 “Revocation or denial of passport in case of certain tax delinquencies” This is a far-reaching law which covers all taxpayers owing more than $50,000 in back taxes. The intent of the...
Aug 9, 2018 | Credits and deductions
Is it better to use Foreign Earned Income Exclusion (FEIE) or Foreign Tax Credit (FTC) when filing US expat taxes? When the Foreign Tax Credit allows one to reduce their tax owing to zero, we usually choose it. It’s a better option compared to the Foreign Earned...
Aug 7, 2018 | Filing Your Taxes Late
This week’s question comes from a US citizen living overseas. He hasn’t filed a tax return in years! He wants to know what the maximum penalty applicable to the late filing of his tax returns would be. I will try to bring a little rainbow in the world of...
Aug 6, 2018 | US expat taxes by different countries
Are you a US citizen living in Germany? It’s important to understand the US tax liabilities for Americans living abroad. While you are enjoying your expat life in Germany, don’t forget to file your US taxes! In this article we will cover the following...
Jul 30, 2018 | Personal U.S. expat taxes
Updated on July 30th, 2018 Are you a US digital nomad or a self-employed American living abroad? This blog post is for you! All U.S. persons (and green card holders) are subject to U.S. tax on their worldwide income regardless of current residence: whether you live in...
Jul 23, 2018 | Personal U.S. expat taxes
U.S. expats can use the Foreign Earned Income Exclusion to reduce taxable income. And if you did you research on this topic, then you probably heard about tests to pass. American abroad has to qualify for one of the two tests. Today we explain what you need to pass...
