Before the election, President-elect Trump announced his intention to reform the US tax system for Americans living abroad, promising to end double taxation for expats. In his statement, Trump emphasized, "I support ending the double taxation of overseas Americans," a...
The UK is the number one destination in Europe for Americans who move across the Atlantic. Living in the UK offers many benefits, from a rich history and the cultural landmarks of London to charming countryside and vibrant towns - not to mention its pub culture, the...
For Americans living abroad, the Foreign Earned Income Exclusion (FEIE) can provide major tax savings. The FEIE allows to exclude up to $126,500 (in 2024, $130,000 in 2025) from US federal income taxes. It is available to Americans and Green Card holders living...
Americans living abroad must still file taxes in the United States. In addition, US expat taxes are more complex. This is because there are specific rules (and benefits!) when filing an American expatriate tax return. But thanks to these benefits, many expats don’t...
Did you know that understanding your responsibilities under the Foreign Account Tax Compliance Act (FATCA) is just as important as filing your US tax return? FATCA requires both foreign financial institutions and Americans living abroad to report their foreign...
Planning ahead for your tax filings! Be aware of the 2025 tax deadlines to file your taxes for 2024 on time. Below are the key due dates you need to know for your tax filings for the 2023 tax year. If you are looking for help with this, check out these tips to find...
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...
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...
By Vincenzo Villamena, CPA It is easy to forget about US tax obligations when you don't live there. However, not filing US taxes when you were supposed to can have severe consequences. Luckily, there are options available for filing taxes late and avoiding or...
