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...
US Expat Tax Articles
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...
How US Expats Save Tax With The Foreign Earned Income Exclusion
Many expats working abroad are concerned that they still have to pay taxes in the US, even when they don't live there anymore. The Foreign Earned Income Exclusion can alleviate this to a significant...
How To Open A US LLC When You Don’t Live In The US
A US-based LLC can have a variety of advantages for both American and foreign entrepreneurs abroad. To open a US LLC you don’t even have to live in the US. An LLC is essentially a hybrid between a...
Foreign Housing Exclusion Or Deduction – 10 Expat Questions Answered
Expat living can be expensive. Therefore, the IRS allows Americans living abroad to offset certain housing costs with the Foreign Housing Exclusion or Deduction. How much expats can save with the...
Bona Fide Residence – How And Why To Qualify
Living abroad is becoming an increasingly attractive option for US Americans each year as it offers many lifestyle benefits. In addition, being a bona fide resident in a foreign country has a major...
Are You Ready For Tax Time? – 5 Tips For Expats (2020)
It's easy to forget, with so much else going on this year, but it is tax time! Even though the 2020 tax deadlines have been pushed out in 2020 due to the coronavirus crisis, don't wait until the...
How To Find The Best Expat Tax Service
The tax deadline is coming closer and you still don't have a good tax accountant? When you do a Google search for the best expat tax service or similar search terms, you probably first see a couple...
Form 1116 – How Americans Abroad Can Benefit From The Foreign Tax Credit
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...
11 Expat Tax Tips Before Moving Abroad
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...
IRS Form 2555 – How Expats Can Claim The Foreign Earned Income Exclusion (FEIE)
If you are a US expat, you may have heard of the Foreign Earned Income Exclusion, also known as the FEIE. This exclusion is incredibly popular with Americans working abroad because of the tax...
FBAR Deadline – Don’t Miss These Important Due Dates
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...
