Most US entrepreneurs and small business owners set up an LLC when they want to “make it legal”. LLCs are easy and comparably cheap to set up and operate. They can also be tax efficient, especially for entrepreneurs abroad. But they are not the only good choice for a...
Having a US bank account is beneficial if you do business in the US, even when you are not a resident there. A US bank account makes handling payments easier. It also allows you to avoid expensive foreign exchange fees. Furthermore, certain retail websites require you...
Renunciation – The voluntary act of relinquishing one’s citizenship or nationality Many expats may think that renouncing their US citizenship is a way to get rid of all US tax obligations and save money. In reality, however, the renunciation process is complex,...
Some people move abroad for love. Others find love while abroad. Marrying someone from a different country is an adventure in itself. Furthermore, your foreign spouse may also impact your US tax filing. As a US expat married to a nonresident alien – someone with...
When you live or conduct business abroad, you often need a foreign bank account to make and receive payments locally. Or maybe you live in a country that requires you to set up a private foreign pension. Even when living in the US, you may have a foreign bank or...
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