May 29, 2020 | Personal U.S. expat taxes
By way of background, the IRS is issuing stimulus checks/direct deposits to most US taxpayers who have an SSN. If your income was less than $75,000, you would get $1,200 and another $500 per dependent. Interestingly enough, US citizens living overseas are eligible....
May 13, 2020 | Personal U.S. expat taxes
The IRS issues instructions on how to return an incorrectly received stimulus payment. By way of background, the IRS is issuing checks/direct deposits to most US taxpayers who have an SSN, if your income was less than $75,000, you would get $1,200 and another $500 per...
May 7, 2020 | Personal U.S. expat taxes, US expat taxes by different countries
Many US Expats have been wondering when will they get their Stimulus Check. Good news is that the IRS has already started sending out economic stimulus payments authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. According to The Washington...
May 7, 2020 | Credits and deductions, Personal U.S. expat taxes, US expat taxes by different countries
The IRS has provided Time Waivers for Exclusion for taxpayers who were working abroad and returned to the U.S. because of the COVID-19 pandemic before meeting the foreign residency requirements that would qualify them to exclude or deduct all or a portion of the...
May 6, 2020 | Personal U.S. expat taxes
Many US citizens came back to the United States in March and April due to COVID-19. It was either due to regulatory reasons (immigration laws of the host country) or health reasons. Questions can arise as to their eligibility to use the Foreign Earned Income...
Apr 17, 2020 | Personal U.S. expat taxes
US expats can have a direct or indirect shareholder of a passive foreign investment company (PFIC). The IRS found the way to congratulate you on that by adding one additional form you need to file. Together with your tax return, you need to file Form 8621. This...
