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Tax season officially opens in January, and for U.S. expats, the start of the year is the most important time to get organized. Filing from abroad adds layers of complexity that domestic taxpayers don’t face, including foreign income reporting, currency conversion, and additional disclosure forms. Taking the right steps early can prevent delays, penalties, and…
Will You Owe Taxes?
In another year that seems different than anything we are used to, some expatriates may find themselves owing taxes this time around. If expatriates received an advanced payment of the Child Tax Credit, you could owe taxes if your income changes. The original amount paid out for the Child Tax Credit was based on tax…
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Know Your Obligations – There are income thresholds and other factors that apply to expats. Make sure you know what you are obligated to file to avoid an audit.
