If you’re an American citizen living abroad, you can enjoy tax exemption on your income earned outside the United States. The IRS will consider you a nonresident alien if you […]
Tax exemption us citizen living abroad Read More »
For American expatriates, it’s important to be familiar with the most common income tax forms. For example, Form 2555 (Foreign Earned Income Exclusion) and Form 1116 (Foreign Tax Credit) are
Form 8621 for American Expatriates and Passive Foreign Investment Companies Read More »
Expats must carefully evaluate particular circumstances of residing in another country while creating an estate plan. Here are a few areas to consider Select an Attorney-in-Fact to Manage Your US
Estate Planning for US Expatriates Read More »
Question I’m an expatriate and live and work in Europe, visiting family in the United States a couple times a year. I didn’t think about my U.S. taxes until recently,
How Does My Marriage to a Foreign Citizen Affect My Taxes If We Don’t Live in the U.S.? Read More »
As an independent contractor or an employee, working abroad has both advantages and disadvantages. A US expat living overseas might have numerous financial and non-financial perks, especially when compared to
Contractor Versus Employee Taxes for Americans Working Abroad Read More »
The IRS typically taxes contributions to foreign plans, the income that has been generated in those plans (growth) but has not yet been distributed, and payouts from such plans. The
Reporting Requirements for Foreign Retirement Plans: Issues and Solutions Read More »
The new changes to US federal tax laws impacts expats filing their 2021 tax returns in 2022. The standard deduction for married couples filing jointly for tax year 2021 has
Some US Tax Law Changes Impacting US Expat Taxpayers Read More »
U.S. Expat Taxes are determined under U.S. tax rules, not those of a foreign country. The variations between what is deductible in one country versus another can sometimes result in
It is on my foreign tax return, so I can take this deduction Read More »
Americans overseas can reduce their US tax burden using the foreign earned income exclusion, the foreign tax credit or a combination of both. This year, for example, claiming foreign earned
