Foreign Mutual Funds And PFICs – Pitfalls For Expats
Americans living abroad often consider investing in non-US investments offered by their local banks or employers. But before investing in non-US opportunities like foreign mutual funds, it is...
US Expat Tax Articles
US Tax Guide For Americans Living In Australia
Over 100,000 Americans live in Australia, many of them in Sydney or Melbourne. While it may feel far away from the United States, don’t forget about US taxes. American expats in Australia may need...
Bona Fide Residence Test – Guide For Expats
Living abroad is an increasingly attractive option for US Americans as it offers many lifestyle benefits. In addition, qualifying as a bona fide resident in a foreign country or countries has a...
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...
US Tax Guide for Americans living in Mexico
Mexico has always been a popular destination for Americans, and after the pandemic the number of US expats moving to Mexico has grown exponentially. Living in Mexico is an expat dream, anything that...
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...
Moving To Canada From The USA? – What You Should Know About Taxes
Canada has always been a popular destination for US Americans. Some are moving to Canada from the USA for the stunning natural scenery and welcoming culture. Others are driven by politics or...
Filing US Taxes With Your Foreign Spouse – The 6013(G) Election
Living in a foreign country, learning about a new culture and language, and meeting new people is all fascinating. Even more, finding love abroad. Love knows no borders. If you are a US expat...
9 Key Tax Questions Of US Citizens Moving Abroad
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....
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,...
Foreign Housing Exclusion Or Deduction – 10 Expat Tax 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...
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...
