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,...
US Expat Tax Articles
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...
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 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...
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...
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...
What You Need To Know About The 20% Pass-Through Deduction
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...
Why A US Person Should Avoid Foreign Life Insurance Like The Plague (Hint: Taxation)
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...
Dispelling 5 Common Myths Of US Citizenship Renunciation
Renunciation – The voluntary act of relinquishing one’s citizenship or nationality Many expats may think that renouncing their US citizenship is a way to get rid of all US tax obligations and save...
