You live abroad or travel the world and work for yourself? Don’t overlook self-employment tax on foreign income! A common misconception among expats and nomads is that the first roughly $100,000 of...
US Expat Tax Articles
9 Key Tax Questions Of US Citizens Moving Abroad (2021)
Moving abroad is an exciting decision for many Americans. However, US taxes for expats can be a headache. There are extra reporting requirements, different deadlines, and new exclusions and credits....
All 2021 US Tax Deadlines (With Recent Updates) For Expats And International Entrepreneurs
Tax season is here. The IRS started accepting tax returns for the 2020 tax year. Make sure that you are aware of the 2021 deadlines, including the new deadlines for individual and self-employed...
The US Expat Guide To The Physical Presence Test
Many Americans abroad use the Physical Presence Test to claim the Foreign Earned Income Exclusion to save on taxes. You often read in Facebook groups or other media that to qualify you must spend...
Guide To US Expat Taxes (2021)
For Americans living abroad, the rules for US expat taxes can be overwhelming and confusing. Even worse, if you fail to file correctly, it can result in significant penalties or even legal...
Coronavirus Impact On The 2020 FEIE, Substantial Presence Test, And Profits In The United States
When global travel stalled and stay-at-home orders went into effect, many US expats rushed back to the USA. Other people ended up quarantining far from home. As a result, numerous US citizens,...
11 Year-End Tax Planning Tips For Expats (2020)
For most of us, 2020 wasn’t what we expected. It’s certainly been an unusual year, also for US taxes. With the new year quickly approaching, now is the time for year-end tax planning, especially for...
Tax-Free Roth IRA Conversion For Expats (Thanks To The FEIE)
By John Hamilton, CPA 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 Expats Pay State Taxes? (With Video) – Updated 2020
By Vincenzo Villamena, CPA You would think that moving away from the United States lets you off the hook from filing US state taxes. But unfortunately, some US states require that expats pay state...
US Citizenship Renunciation: What You Need to Know (And The Step-By-Step Process)
By 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...
The Comprehensive US Tax Guide For Americans Living In Panama
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...
Foreign Tax Credit – A Guide For Expats (With Video)
Contrary to popular belief, American expats do not have to be stuck with a high US tax burden, when also paying high taxes in their residence country. The truth is, with the Foreign Tax Credit...