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...
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....
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...
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...
How US Expats Save Tax With The Foreign Earned Income Exclusion (FEIE)
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...
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...
Moving To Canada From The USA? – What You Should Know About Taxes
Canada has been becoming more popular for US Americans lately. There are many reasons for moving to Canada from the USA. For some, it is the stunning natural scenery and welcoming culture. Others...
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...
