Dec 14, 2017 | Filing Your Taxes Late
What are the IRS Tax amnesty programs for US expats? If you haven’t caught up with your US expat taxes for a while, IRS Tax amnesty program is the legal and safe way to get back on track. Many taxpayers who fell behind their taxes are afraid to start the...
Dec 6, 2017 | Business U.S. Expat Taxes, US expat taxes by different countries
In order to combat tax evasion, the United States has put in place many rules. Today we discuss the ones directed at US citizens investing outside the U.S. These are traps for many US citizens living in Canada, simply doing the sort of things that many Canadians...
Nov 20, 2017 | Personal U.S. expat taxes
The U.S. income taxation of a foreign trust depends on whether the trust is a grantor or nongrantor trust: In the case of a foreign grantor trust, income is generally taxed to the trust’s grantor. And not to the trust itself or to the trust’s beneficiaries. In...
Sep 4, 2017 | Personal U.S. expat taxes
We are excited to share another success story of our client, who was facing a problem with PFIC. Check out Robin’s story and learn what applies to your case. Robin, a dual-citizen between the US and Canada was contemplating selling some Canadian mutual funds. Robin...
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...
Aug 24, 2017 | Personal U.S. expat taxes
Updated on March 5th, 2018 2017 Federal income tax brackets for taxes due April 17th, 2018 There are seven tax brackets and depending on your taxable income, as a taxpayer you fall into one of them. The United States has a progressive federal tax system. It means that...
Aug 22, 2017 | Personal U.S. expat taxes
We are starting a series called “Success story”. We share how 1040 Abroad solved US expat’s tax problems, which our clients were facing. Today we want to tell you Brian’s story. Brian, US expat, is a U.S. citizen who has been teaching English in...
Aug 8, 2017 | Personal U.S. expat taxes
The topic of tax penalties for US expats can be intimidating and scary. U.S. international tax law can be complicated as well. That is why we publish weekly tax infographics to provide you with necessary. So, we gathered a few facts you need to know about...
Aug 1, 2017 | Filing Your Taxes Late
Many U.S. expats do not know that they have to file their tax returns while living abroad. The IRS introduced few amnesty programs and one of them is called “Streamlined Procedures”. In today’s infographics we cover all necessary facts that you need...
Jul 26, 2017 | Personal U.S. expat taxes
It’s easy to misunderstand the U.S. tax laws. Many people struggle to sort out the truth about U.S. international taxation because of its’ complexity. All those terms, conditions and special rules make it difficult. One can’t simply recognize what they...
