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...
Jul 18, 2018 | Personal U.S. expat taxes
Today we want to talk about Bona Fide Residence Test, which one shall pass to qualify for FEIE. Are you an American abroad and you earn more than $10,000 USD a year? Then you are required to file U.S. federal tax return. If this is news to you, then you probably...
Jul 13, 2018 | Personal U.S. expat taxes
Do you want to take advantage of the Foreign Earned Income Exclusion, the Foreign Housing Exclusion or the Foreign Housing Deduction? As a U.S. citizen or Green Card Holder living abroad, you still need to file annual U.S. federal tax returns. There are many different...
