Apr 28, 2023 | Personal U.S. expat taxes
Moving overseas can be both exciting and challenging, particularly when it comes to understanding state tax obligations as a US expat. This article will clarify what you need to know about state and federal taxes and what to do to avoid them. Do Expats Need to File...
Apr 10, 2023 | Business U.S. Expat Taxes
For US expats who own businesses in foreign countries and need to file Form 5471, the recent Farhy v. Commissioner decision by the US Tax Court may be of interest. On April 3, 2023, the U.S. Tax Court made a decision in Farhy v. Commissioner regarding penalties for...
Apr 9, 2023 | Credits and deductions, Personal U.S. expat taxes
If you’re a US expat earning income abroad, it’s important to understand the Foreign Earned Income Exclusion (FEIE) rules and eligibility criteria. The FEIE allows eligible expats to exclude a portion of their foreign earned income from US federal...
Apr 8, 2023 | FBAR and FATCA, Personal U.S. expat taxes
As a US expat, it’s important to stay up-to-date with legal developments that could affect our finances. On Feb. 28, 2023, the US Supreme Court issued a ruling in the case of Bittner v. United States that could have a significant impact on non-willful penalties...
Mar 30, 2023 | Personal U.S. expat taxes
The US-Australia tax treaty has a significant impact on Americans living in Australia as it is designed to prevent double taxation and encourage cross-border investment and trade. The treaty provides important guidance on how their income will be taxed and how they...