Mar 28, 2020 | Business U.S. Expat Taxes, Credits and deductions, Personal U.S. expat taxes
In this time of uncertainty, it is hard to see the light at the end of the tunnel; however, there is some good news for you. On March 25th, 2020 congress passed a stimulus package named Coronavirus Aid, Relief, and Economic Security Act (CARES Act), worth $2.2...
Mar 19, 2020 | Business U.S. Expat Taxes, Filing Your Taxes Late, Personal U.S. expat taxes
For most US taxpayers, that means that the Tax payment deadline, the deadline to pay, is now July 15, 2020 (previously April 15, 2020). The deadline to file remains unchanged. The deadline to file remains June 15, 2020 for Americans overseas. In response to the...
Feb 28, 2020 | Business U.S. Expat Taxes, Personal U.S. expat taxes
US citizens living overseas naturally invest in foreign investment vehicles as that’s where they live. With it may come some bad surprise, a punitive taxation regime that can sidetrack you if not planned. Anyone who has made investment outside the USA or is...
Feb 24, 2020 | FBAR and FATCA, Personal U.S. expat taxes
In the USA, there have been so many intricacies involved with respect to your income tax return filing and compliance with the federal tax laws. Recently, there have been a number of administrative requirements for disclosing local and foreign financial assets. One...
Jan 7, 2020 | Personal U.S. expat taxes
Tax payers can officially file their returns starting on Monday, January 27, when the IRS will begin accepting and processing 2019 tax year returns. There were no changes to filing and paying any tax due deadline, which remains Wednesday, April 15. The IRS reported...
Oct 4, 2019 | FBAR and FATCA, Personal U.S. expat taxes
You’re living your adventure and you’re settled in your new home. You are having non-US bank accounts, a non-US employer and a non-US social life. You have limited ties with the US. The people who pay you (banks, employer) are not in touch with the IRS. That’s...
Aug 10, 2019 | Credits and deductions, Personal U.S. expat taxes
To use the Foreign Earned Income Exclusion, you need to pass either the Physical Presence or Bona Fide Residence Tests. As an American abroad, for 2018 tax year you could exclude up to $104,100 by using this exclusion. As well as you can take advantage of foreign...
Aug 8, 2019 | Credits and deductions, Personal U.S. expat taxes
U.S. citizens and Green Card holders living abroad must pass either the Bona Fide Residence Test or the Physical Presence Test in order to qualify for Foreign Earned Income Exclusion. Using this exclusion is one of the most popular and legal ways to reduce your tax...
Aug 5, 2019 | Personal U.S. expat taxes
We know that U.S. international taxation is a complicated topic. Often Americans abroad are not aware of their U.S. tax obligations. To answer your questions regarding U.S. expat taxes, U.S. tax return and other most common tax related questions we prepared this...
Jul 18, 2019 | Personal U.S. expat taxes
It’s crucial for nonresident aliens to understand U.S. tax obligations, which come along with “U.S.-sourced income”: investments or employment in the U.S. As many nonresidents aren’t familiar with U.S. tax system, they fail to file a tax return. It may...
