Jul 9, 2019 | US expat taxes by different countries
The Canadian tax system is based on residency and not on citizenship, unlike its neighbor to the South. That means the main element of the tax system in Canada is your residency. It leads to the laws that those who are residents of Canada should declare their...
Jun 4, 2019 | Credits and deductions, Personal U.S. expat taxes
As a U.S. expat parent, you can claim The Child Tax Credit available for individuals with a qualifying child. A tax credit is better and more valuable than a deduction. Are you wondering why? Because it creates a dollar-for-dollar reduction of your tax bill as a...
May 2, 2019 | Personal U.S. expat taxes
How does self-employment tax work for those Americans, who live abroad, travel the world and work for themselves? Well, you still have to pay US taxes on foreign income if you are a freelancer, independent contractor, digital nomad or entrepreneur abroad. Yes, US tax...
Apr 11, 2019 | Business U.S. Expat Taxes, Personal U.S. expat taxes
U.S. citizens and residents have to file Form 5471 if they are shareholders in a foreign corporation. In addition, many categories of income would be categorized as a subpart F income and taxed currently. The Tax Cuts and Jobs Act has expanded that with the GILTI...
Mar 25, 2019 | Personal U.S. expat taxes
2018-2019 tax season is in full force since January 29th, 2019. Are you ready to learn how to file your 2018 US taxes for expats? We will cover an array of important deadlines, forms and schedules. We will also share with you penalty-free ways to file late taxes if...
Feb 15, 2019 | Personal U.S. expat taxes
What is Form 1116 and who needs to file it? When talking about US taxes and taxation of US citizens who live abroad, you may have heard of Foreign Tax Credit and the possibility to offset the US tax owing by using the taxes paid to another country. That way you can...
Dec 17, 2018 | Personal U.S. expat taxes
Do you want to learn more about our company? We prepared this quick and easy infographic for you! 1040 Abroad was founded by Olivier Wagner, Certified Public Accountant and IRS Enrolled Agent, to help Americans overseas with their U.S. tax obligations. We are driven...
Nov 28, 2018 | Personal U.S. expat taxes
Before everyone gets into Xmas mood and forget about their tax obligations, we still have some time to discuss who needs to file a U.S. tax return! The U.S. expat taxes aren’t easy matter but we try to make it easy to understand even if you never dealt with it...
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...
