The child tax credit can be a significant financial benefit for expat families abroad. Living abroad does not preclude you from claiming the child tax credit for qualifying dependent children under...
US Expat Tax Articles
Social Security Totalization Agreements – A Guide For US Expats
Americans living abroad still need to file US tax returns. They may also still need to pay social security taxes. Social Security totalization agreements between two countries govern where you must...
10 Steps To Report Crypto Taxes – And Why a 1099 Form Is Not Enough
This article covers the tax challenges of crypto reporting and why Form 1099-B is not a solution to accurately report cryptocurrencies to the taxing authorities. While the requirement to track and...
Foreign Earned Income Exclusion – Year of Entry & Departure
The Foreign Earned Income Exclusion (FEIE) is a tax benefit available to American citizens, Greencard holders, and in some cases foreign individuals that become residents. It allows an exclusion of...
IRA Excess Contributions – A Common Mistake Expats Make When Using The FEIE
Individual Retirement Accounts (IRAs) are an important part of retirement planning due to their great US tax advantages. Americans abroad however need to be aware of how expat tax benefits can...
Expat Tax Guide For Americans In Germany
Did you know that over 100,000 American expats live in Germany? It is a popular destination due to a strong economy, excellent public transport, a robust education system, and of course… beautiful...
How to file US income taxes when living in Costa Rica
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,...
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...
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...
How To File Your US Taxes When Living In Singapore
As a global financial hub, Singapore has drawn many US expats to its borders. Some estimates even show that as many as 26,000 US citizens are living in Singapore. While the country has many allures,...
Self-Employment Tax On Foreign Income – What Expats & Nomads Should Know
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....
