Mar 17, 2023 | Business U.S. Expat Taxes, Personal U.S. expat taxes
In this blog post, we will provide a comprehensive overview of the GILTI tax, who is subject to it, and how it affects multinational corporations. We will also discuss the tax rates for GILTI income, and how to comply with GILTI tax regulations. We understand that...
Mar 13, 2023 | Business U.S. Expat Taxes, Personal U.S. expat taxes
Are you an expat who owns a foreign business? Filing taxes can be complicated, but adding a business to the mix can make it even more challenging. If you own a foreign disregarded entity, you may be required to file Form 8858. But what exactly is a foreign disregarded...
Mar 7, 2023 | Personal U.S. expat taxes, US expat taxes by different countries
US-Japan Income Tax Treaty is a bilateral agreement between the US and Japan that aims to eliminate double taxation and prevent tax evasion on income earned by individuals and businesses in both countries. The treaty is officially called the Convention between the...
Mar 5, 2023 | FBAR and FATCA, Personal U.S. expat taxes
Confused about the difference between FATCA and FBAR? Don’t get caught in the crossfire of incorrect filings and penalties. As an expat, it’s essential to understand the Foreign Bank Account Report and FATCA Form 8938 – the two most common forms you...
Mar 3, 2023 | FBAR and FATCA, Personal U.S. expat taxes
When it comes to reporting foreign financial accounts as a US taxpayer abroad, there are two main forms to consider: FBAR and Form 8938. While they share many similarities, there are key differences between these two forms that can make a big difference in your...
Feb 3, 2023 | Personal U.S. expat taxes
If you’re one of the many U.S. expats who are owed stimulus money, you can still claim it through Recovery Rebate Credit. As the matter of fact, 2023 is the last year to get all the stimulus checks you might have missed! It will either boost the amount of your tax...
Jan 28, 2023 | Personal U.S. expat taxes
When it comes to determining a person’s nationality, one of the most important factors is the place of their birth. In the United States, the principle of jus soli is applied, meaning that a person’s nationality is determined by the location of their...
Jan 25, 2023 | Personal U.S. expat taxes
An Individual Taxpayer Identification Number (ITIN) is a unique identification number assigned by the Internal Revenue Service (IRS) to individuals who are required to have a taxpayer identification number but do not have, or are not eligible to obtain, a Social...
Jan 23, 2023 | Personal U.S. expat taxes
If you’re one of the many Americans who has fallen behind on your taxes, now is the perfect time to get caught up and potentially receive a significant amount of money. It is estimated that 9 to 10 million people who have not yet received their stimulus payments...
Jan 16, 2023 | Personal U.S. expat taxes
While being an American citizen comes with many privileges, it also comes with a host of tax obligations. This is where things get tricky for accidental Americans – people unaware of their U.S. citizenship. In recent years, the issue of accidental Americans has...
