Jul 13, 2018 | Credits and deductions, 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... 
Jun 1, 2018 | Credits and deductions
Are you an American living and working abroad? Or maybe you are a Green Card holder who hasn’t officially abandoned GC? If you are a U.S. person for tax purposes, you may need to file a U.S. tax return. Basically, you have to file an IRS Form 1040 for the... 
Mar 26, 2018 | Credits and deductions
As you know, the United States requires all citizens and permanent residents (Green Card holders) to report worldwide income. You need to file annual income tax return regardless of where in the world you earned the money. As the name suggests, the Foreign Tax Credit... 
Jan 30, 2018 | Credits and deductions
Tax Credits and Deductions are probably the most exciting part when preparing your tax return. They both help you save money by reducing your overall income tax liability. So, you should take a full advantage of all the tax credits and deductions you qualify for. As... 
Jan 17, 2018 | Credits and deductions
As you are probably aware, U.S. persons living overseas, who meet certain minimum income thresholds, have to file their U.S. tax returns and report worldwide income, as well as they are liable to pay taxes in their perspective country of residence. The U.S. tax laws... 
Aug 28, 2017 | Credits and deductions
Today we present you Mark’s story and the Foreign Earned Income Exclusion (FEIE). Mark, a US citizen, recently moved to Ecuador and got a professional 9-V visa/immigration status there. He was still going occasionally making trips to the United States, about 60 days...