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 […]
What are the IRS exchange rates for Americans living abroad? Filing your expat taxes generally means converting your foreign income into US dollars. To do that, you need to understand
What are the IRS exchange rates for Americans living abroad? Read More »
Filing a US tax return while living abroad can be stressful and expensive. When I first came across this idea, I found it surprising, but finally understood how frustrated American
My passport or Green card has expired, so I do not have to file my expat taxes any more? Read More »
This is not like this! Legal foreign marriages are recognized by the US. A US citizen with a foreign spouse is therefore married for US tax purposes and is even
I got married abroad, So I am still single because my spouse is foreign? Read More »
If you are required to file Form 8938, you must report your financial accounts maintained by a foreign financial institution. The following are considered reportable under the code: Financial accounts
Form 8938, statement of Specified Foreign Financial Assets Read More »
Required to be prepared and filed if you qualify for either physical presence test or Bona fide residence, exclusion amounts changes every year. For example, it was $105,900 in 2019
Form 2555. Foreign Income Exclusion Read More »
Planning for retirement can be an extraordinarily complex process, particularly when there are cross-jurisdictional issues like the Canada-US Tax Treaty. As a non-resident or expat, you will need to understand
U.S Taxes and Canadian Retirement plans Read More »
The country where I live does not tax it, So this is not an income? The IRS does not care how your foreign country, where you reside and make money
A US person may have international tax reporting obligations to the IRS if he owns more than 10% of the shares of a foreign corporation. US persons who may be
Reporting requirements for your interests in foreign corporations Read More »
