Expatriate Tax Returns Wishes You a Happy 4th of July!

The US government extended the filing and payment of all individual tax returns to July 15th, 2020. Estimated taxes that were due in April and will be due in June are also extended to the July 15th deadline. Penalties and interest will be waived on all individual tax payments that were due from February 15…
BETTER LATE THAN NEVER! Fallen behind, have you? Well, just so you know, you’re not alone. Many American expats are in the same boat and are able to file late and accrue no penalties or interest. First question to ask yourself…do you owe tax? If your income falls below the foreign exclusion amount (for 2012…
When many people hear the term “expatriates” they think of business people who are from one country and working in another. While this is true, it’s important to remember that not every expat is a businessman in a suit and tie who got transferred from the corporate office in Manhattan to the overseas office in…
It’s March and that means we’re still at the beginning of the new year, but we’re already seeing some changes to the tax laws for U.S. expats. This is nothing new; it happens each year. Expatriate tax laws change often and it can be a full-time job just to keep up with them. These expat…
Waving the red, white, and blue today.
Signed into law on March 18, 2010 the HIRE ACT, which is due to take effect January 1, 2013, Americans living abroad will face more financial scrutiny than ever before. One subsection of the act includes provisions that require foreign financial institutions, investment funds, trusts, family offices and other types of investment vehicles to report…