Expatriate Tax Returns Wishes You a Happy 4th of July
May your day be filled with BBQs, family, friends, and all things American (wherever you are). Have a fantastic 4th of July from Expatriate Tax Returns! 🍔🎆
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Capital Gains Exclusions: What U.S. Expats Need to Know
Understanding Capital Gains for U.S. Expats When U.S. citizens living abroad sell property, many assume foreign residency changes how capital gains are taxed. However, the United States taxes citizens on worldwide income, including gains from selling foreign real estate. The good news is that capital gains exclusions may still apply. Understanding how these rules work…
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Leave us a testimonial on Google, Facebook and Yelp and automatically be entered into a drawing to WIN A FREE 2020 TAX RETURN*! *up to $400 value *reviews must be posted on one of Expatriate Tax Returns sites in February 2021 *increase your chances of winning by leaving a review on more than one site,…
Can Voting Overseas Impact Your Tax Status?
The U.S. Presidential election is underway and some U.S. expats are wondering if their vote from abroad will affect their tax status. Voting is a U.S. citizen’s constitutional right and is not conditional on having filed or paid income taxes, so it will not increase your federal or state income tax liability.
Foreign Housing Exclusion
If you are living abroad and are receiving income from your employer for housing, you may be eligible for the Foreign Housing Exclusion. Employers may offer housing funds directly to you or may include them as part of your overall income. Both options are acceptable qualifies for the exclusion for the deduction. Those who are…
Foreign Earned Income Exclusion Physical Presence Test
Typically, to meet the physical presence test, you must reside in a foreign country or countries for a minimum of 330 full days during a 12-month period. Days can be counted spent abroad for any reason, as long as your tax home is in a foreign country. The 12-month period can start any day of…
