Expatriate Tax Returns Wishes You a Happy 4th of July 2020

Under the Corporate Transparency Act (CTA), most U.S. businesses are now required to file a Beneficial Ownership Information Report (BOIR) by January 1, 2025. This new mandate, overseen by the Financial Crimes Enforcement Network (FinCEN), aims to enhance transparency in business ownership and help prevent financial crimes. The BOIR requires businesses to report key details about their…
Foreign Accounts Tax Compliance Act (FATCA) In 2009, Swiss banks reported earnings to all American Citizens with offshore accounts. As a result, UBS paid $780 million to the Internal Revenue Service. Since then, more international banks have provided income information about American Citizens and Green Card Holders with foreign accounts to the IRS than ever…
You’ve taught me strength, grace, and the power of unconditional love. Happy Mother’s Day!
Heading overseas can be an exciting experience, but it certainly isn’t hassle free. Whether you are married, have a family, or are single, there are a lot of important elements that go into preparing for a move abroad. After accepting a new job overseas or a job transfer to a country outside the United States,…
If you’re a U.S. citizen working for yourself while living overseas, whether you’re a freelancer, consultant, or small business owner you still have U.S. tax obligations. In fact, being self-employed abroad comes with unique challenges and opportunities. 🧾 You’re Still Taxed on Worldwide Income The IRS requires all U.S. citizens to report worldwide income, no…
Obamacare and U.S. Expats American Expats should know these important facts about Obamacare. Obamacare is also called The U.S. Patient Protection and Affordable Care Act (PPACA) and was supported by the Supreme Court in June 2012. For all U.S. citizens it will be mandatory to carry affordable healthcare coverage or pay a penalty tax. The…