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State Tax Obligations After Moving Abroad
State Taxes Don’t Automatically End When You Move Abroad Many expats assume leaving the country ends state tax obligations. That is not always true. Some states aggressively audit former residents. High-Risk States States known for strict residency enforcement include: Simply maintaining a mailing address or driver’s license may sustain tax ties. Domicile vs Residency Domicile…
What the $130,000 FEIE Limit Means for Americans Abroad
What the $130,000 FEIE Limit Means for Americans Abroad For many Americans living overseas, the Foreign Earned Income Exclusion is one of the first tax strategies they hear about. For tax year 2025, the maximum FEIE is $130,000 per qualifying person. That amount applies to 2025 returns filed in 2026. The IRS also announced that…
New Requirement: Beneficial Ownership Information Report Due January 1, 2025
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…
Giving Thanks
From everyone at Expatriate Tax Returns, we’d like to wish you a warm and Happy Thanksgiving! We’re incredibly thankful that you turn to us for your tax needs. We make it our mission to use our knowledge of the ever changing tax codes to find your maximum return and assure that you are up to…
