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...
By Vincenzo Villamena, CPA When starting an Amazon business, every seller needs to understand the available business structures and Amazon seller tax implications. The best business structure for Amazon sellers A business structure should provide liability protection,...
Selling online through Amazon, eBay or any e-commerce site offers a great opportunity to make a location-independent income. If you are selling online in the US market and generate a steady income, be aware of the US tax implications. These five Amazon seller tax...
Moving abroad can be a hectic process. There are many things for Americans to consider when making a foreign country their home, taxes being one of them. New expats are understandingly concerned about how the move abroad will affect their US taxes. While many are...
October is a crucial month for US citizens with foreign financial accounts. This is because the final filing deadline to submit the Foreign Bank Account Report, also known as the FBAR, is on October 15. Failure to submit this report before the FBAR deadline can result...
While at first glance the Foreign Earned Income Exclusion might seem like the most alluring option, using Form 1116 to claim a Foreign Tax Credit can actually save some expats more money. In addition, US expats can even receive tax credits for use in the future. Here...
With the new year quickly approaching, now is the time for year-end tax planning, especially for expats! We share our top year-end tax tips here. With the right tax planning, Americans abroad can maximize tax deductions, credits, and exclusions as well as improve...
