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Expats Moving Back to the US

Expats Moving Back to the US, here are 10 tax tips for you

When strategizing your return to the US after living abroad, it’s crucial to understand the impact of your move on your taxes. Depending on your foreign earnings and other variables, you might be subjected to different US tax regulations. Below are ten tax insights to bear in mind when making your way back to the …

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US Expat taxes abroad

The Company is on my spouse name, do I still have to report it in my expat taxes?

Expat Taxes: Due to the complexity of US tax rules, some of the tax reduction and simplification ideas that are shared online among non-experts can turn out to be ingenious in the middle. The idea of ​​putting the business of a US citizen in the name of the foreign spouse is one of them. There …

The Company is on my spouse name, do I still have to report it in my expat taxes? Read More »

US Expat taxes abroad

I don’t need to worry about penalties for late filing because I never owe any U.S. tax.

Typically, penalties are calculated based on tax owed, international information returns, such as from 8938 can cost a taxpayer, if filed late, large penalties even of no tax is due. Some related penalties can reach up to $10,000 per form per month. Filing Form FinCEN 114 late or incorrectly can also result in hefty penalties. …

I don’t need to worry about penalties for late filing because I never owe any U.S. tax. Read More »