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....
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,...
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...
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...
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...
85sIt's easy to forget, with so much else going on this year, but it is tax time! Don't wait until the last minute for filing your expat taxes in 2025. If you will owe US tax, you must pay it by...
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...
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...
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...
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...
By Vincenzo Villamena, CPA The 2017 Tax Cuts and Jobs Act created a new 20% deduction for pass-through income. At first glance, this sounds like a great tax saving for single-member LLCs and sole...
By John Hamilton, CPA As a US expat working abroad, you may have been offered a foreign life insurance policy. While this may sound like a good idea, it could be fraught with unintended US tax...
