Expatriate Tax Returns Wishes You a Happy New Year 2021
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If you earn income abroad or hold foreign accounts, currency fluctuations can have a big impact on your U.S. tax return. Even if your salary stays the same in euros, pounds, or yen, the value in U.S. dollars can change month to month—and that can affect how much tax you owe. How Exchange Rates Affect…
Stimulus Payment Complications for U.S. Expats
For Expats getting the Covid-19 stimulus payment from the US government can be a complicated process: You must have a US social security number. Using an ITIN disqualifies you from the program. Including taxpayers, spouses and dependents. Direct deposits are only available to US bank accounts. Some clients who do not have a…
Things to Know When Considering an Early Withdrawal from Retirement
Unexpected events happen to everyone. Unfortunately, some people must make necessary financial sacrifices to withstand such circumstances. One of the sacrifices people make is withdrawing from their retirement early. This quick-cash method can produce significant tax penalties if enacted. Consider the following information before pulling from your retirement early: Flexibility Within 401(k), 403(b), and 457(b)…
