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. Â 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...
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...
Vincenzo Villamena, CPA In the last decade, the number of US citizens renouncing their citizenship has increased drastically. Complex tax filing requirements and banking hassles related to FATCA accelerated this trend for US Americans living abroad. For many people,...
By Vincenzo Villamena, CPA Hong Kong has been a favorite destination for US expats, and for us, too, although the current uncertainties may impact this. (See my recent article on Forbes.) Taxes are low in Hong Kong but the tax system is quite different from what...
A Roth IRA can provide such significant tax benefits, that many Americans even pay tax to convert a pre-tax retirement account to a Roth IRA. As an expat, you might be able to do a tax-free Roth IRA conversion because the IRS essentially allows you to double-dip. Who...
Americans living in Panama can enjoy incredible beaches, a metropolitan city, tranquil mountain towns, and one of the region’s most important airports. Furthermore, Panama’s tax and business-friendly mentality make it easy for US expats to live, invest, and do...
For Americans living abroad, staying compliant with US tax rules can be challenging, especially if you’re unaware of expat filing requirements when you move overseas. Fortunately, an IRS program called the Streamlined Foreign Offshore Procedures, often referred to...
