Nearly 25,000 US citizens have legal residency in Costa Rica. The US State Department estimates that nearly another 100,000 may live there as “perpetual tourists” – coming and going every 90 days,...
US Expat Tax Articles
All 2022 US Tax Deadlines For Expats And International Entrepreneurs
Tax season is here. The IRS started accepting tax returns for the 2021 tax year. Make sure that you are aware of the 2021 deadlines, including the new deadlines for individual and self-employed...
Guide To US Expat Taxes (2022)
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...
Do Expats Pay State Taxes? (Hint: It Depends On The State)
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...
10 Year-End Tax Planning Tips For Expats (2021)
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...
When To Switch From LLC To S-Corp
Many US entrepreneurs set up an LLC in the beginning because it is straightforward and not too expensive. Generally, this is a good approach for the start as LLCs offer liability protection and...
Self-Employment Tax On Foreign Income – What Expats & Nomads Should Know (2021)
Do 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...
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....
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...
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,...
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...
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...
