Did your cryptocurrency holdings lose in value this year? To optimize your US tax burden, you could realize those losses and use them to offset other capital gains. You can then buy crypto again at the current market rate. This is called tax loss harvesting and can be...
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,...
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....
If you are a US expat, you have probably heard of the Foreign Earned Income Exclusion (FEIE). It's a popular way for Americans overseas to save on taxes. However, you can't claim it just with your standard 1040 tax form. You also need to file Form 2555. Unfortunately,...
This article has been moved to the website of our new brand Entity Inc, specialized in US business formation, tax & compliance for global entrepreneurs. You can read it here.
A new BOI reporting requirement came into effect on January 1, 2024, for US and foreign entities that conduct business in the United States. BOI reporting refers to the obligation to report Beneficial Owner(s) Information (BOI) of certain business entities...
Canada has always been a popular destination for US Americans. Some are moving to Canada from the USA for the stunning natural scenery and welcoming culture. Others are driven by politics or business opportunities. In addition, US citizens living in Canada get to...
Living in a foreign country, learning about a new culture and language, and meeting new people is all fascinating. Even more, finding love abroad. Love knows no borders. If you are a US expat married to a non-resident alien (in other words, not a US citizen or...
Este artÃculo ha sido movido al sitio web de nuestra nueva marca Entity Inc, especializada en la constitución de empresas en Estados Unidos, impuestos y cumplimiento normativo para emprendedores en todo el mundo. Puedes leerlo aquÃ.
