Expatriate Tax Returns Wishes You a Happy Holiday 2020

Repatriating Back to America Meet Debra, she spent almost 14 years in England and is now back in the USA! Here is her story: Why I went abroad – to be with Lewis. Not necessarily to marry Lewis but we knew if we wanted to stay together we would need to marry within the six…
Living abroad as an expat you have the opportunity to claim a Foreign Tax Credit to avoid dual taxation. Dual taxation is when two different countries impose tax on the same income. By completing Form 1116 and attaching it to your Individual U.S. expat tax return, you can claim this credit and avoid paying US…
A record number of United States citizens made the decision to renounce their citizenship in 2020. If you are considering renouncing your United States citizenship, consider the below list of requirements and obligations before you do so. Your United States taxes must be fully paid and up to date. Renouncing your citizenship does not void your…
Not all superheroes wear capes some are just called ‘Mom.’
The United States has a progressive tax system, which means that taxpayers are taxed at different rates depending on their income level. The current tax brackets are 10%, 15%, 25%, 28%, 33%, 35%, and 37%. For the tax year 2021, the income thresholds for each tax bracket are: * 10% bracket: $0 to $9,875 for…
To start off, an expat is someone who lives in a foreign country for a prolonged period of time, usually for work or retirement. If you are an expat and considering getting married or divorced, it’s important to be aware of the tax implications that may arise from either decision. The Tax Benefits of Marriage…