A US-based LLC can have a variety of advantages for both American and foreign entrepreneurs abroad. To open a US LLC you don’t even have to live in the US. An LLC is essentially a hybrid between a corporation and a partnership. It provides the limited liability of a...
In October 2019, the IRS issued some of the most significant cryptocurrency guidance yet and the first update in 5 years. Crypto users and expats alike eagerly anticipated his IRS guidance for the tax treatment of virtual currencies. The new 2019 IRS guidance answers...
Expat living can be expensive. Therefore, the IRS allows Americans living abroad to offset certain housing costs with the Foreign Housing Exclusion or Deduction. How much expats can save with the exclusion/deduction depends on where in the world they live. In this...
Living in China as expat has its own set of challenges, as one of our team members experienced firsthand for a few years. Filing your US tax return from China shouldn’t be a challenge though. Here we explain what American expats in China should know about US taxes....
It’s easy to forget, with so much else going on this year, but it is tax time! Even though the 2020 tax deadlines have been pushed out in 2020 due to the coronavirus crisis, don’t wait until the last minute. With the extension, the regular April tax day...
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