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Lookout for 1099-Ks if You Received Over $600
Be mindful of your taxes! The IRS sent out another reminder and notice for independent workers. Expatriate Tax Returns has the information you need for filing your taxes. Taxpayers who sold goods or provided services that received over $600 from digital transactions will receive a Form 1099-K. This is a significant change in amount compared…
Self-Employed Abroad? Here’s What You Need to Know About U.S. Taxes
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…
How to Catch Up on Late Tax Filings Without Penalties
Falling behind on your U.S. taxes while living abroad is more common than you might think. Many expats are simply unaware of their filing obligations, especially when first moving overseas. The good news? The IRS offers programs to help you catch up and become compliant—often without facing harsh penalties. Common Reasons Expats Fall Behind Unfortunately,…
The Importance Of Form 8992: A Guide For Taxpayers
The United States is one of the few countries in the world that taxes its citizens on their worldwide income, regardless of where they live. This can create a significant tax burden for U.S. citizens living and working abroad. The good news is that there is a way to minimize your tax liability as an…
