FATCA ‘Tormenting’ Taxpayers, Olson Says

By the time lawmakers and taxpayers have figured out whether the Foreign Account Tax Compliance Act was worth the trouble, it might be too late to undo any damage, National Taxpayer Advocate Nina Olson said October 7. “However much I’ve tried to figure out...

Besides FATCA, how would they find me?

They could find you when you get or renew your US passport, which is required to enter the United States; The way it is supposed to work is that you are mandated to provide your US Social Security Number (SSN) when you apply for a passport. The Department of State...

FATCA & U.S. Expats in Mexico

FATCA is stirring a wave of confusion among U.S. expat communities around the world. As of this article, roughly 110 countries are either on-board with FATCA, or having active discussions with the United States. Mexico has signed FATCA agreement with the U.S. (as...

The importance of earned income

After posting First Year Abroad, I received the following message on Twitter @taxsamurai Perhaps you need to place emphasis that there are other types of income than “earned income” such as foreign pension. — JC Double Taxed (@JCDoubleTaxed) September 29,...

FATCA exempt credit union (as per the IGA with Canada)

As originally seen on the Isaac Brock Society’s post  If this is accurate… : http://maplesandbox.ca/2014/are-other-canadian-credit-unions-being-as-responsible-about-fatca-as-vancity/comment-page-1/#comments I am delighted and, as a roughly-35-years member, proud...

First Year Abroad

If you just moved abroad, you probably have a lot of questions about how to deal with the tax implication it may have. The Foreign Earned Income Exclusion and Foreign Tax Paid Credit pages will give you a more complete explanation of some of the issues you need to...

State Residency Issues

Overview Residency is a concept used by US states to determine whether you are liable to pay state income taxes. Your residence does not automatically end when you stop being physically present in that state. Generally, your “tax domicile” is the place you intend to...
Read our FREE U.S. tax guide for Americans abroad

Read our FREE U.S. tax guide for Americans abroad

The only e-book about U.S international taxation, which you need to read as U.S. expat:

1. Learn how to save money and how to use additional tax credits

2. What is the danger of holding Controlled Foreign Corporation?

3. Why more and more people are renouncing U.S. citizenship?

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