Expats and the Pandemic
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Just Moved Abroad? Your First Expat Tax Filing Checklist
Moving abroad is exciting, but your first U.S. tax return as an expat can feel overwhelming. New forms, reporting requirements, and eligibility rules often catch first-time expats by surprise. Having a clear checklist helps you avoid mistakes and start your expat journey on solid footing. Confirm Your U.S. Filing Requirement If you are a U.S….
Checking the Status of Your Return
Once you file your taxes, you may be anxious to receive your return. The IRS has a tool that can help track your refund through the process. The “Where’s My Refund” tool is available on IRS.gov to all those who have filed. There is also an app available for download called IRS2Go app. Users will need…
How Form 2555 Works for Americans Living Abroad
If you want to claim the Foreign Earned Income Exclusion, Form 2555 plays a central role in your expat tax return. Many Americans abroad hear about FEIE and assume the exclusion happens automatically once they live overseas. It does not. You generally claim the foreign earned income exclusion, and any related housing exclusion or deduction,…
Generosity Extended: The IRS Mileage Rate
The IRS is looking out for American taxpayers. For the remainder of 2022, the optional standard mileage rate has been increased by the IRS. For the rest of the year, taxpayers can receive reimbursement for using their automobiles for business travel and other similar purposes. Once mileage is calculated, drivers can determine what they’ll receive…
Don’t Miss the October 15 FBAR Deadline: What Expats Need to Know
If you’re a U.S. expat with foreign bank accounts totaling more than $10,000 at any point during the year, the Foreign Bank Account Report (FBAR) is a requirement you can’t afford to ignore. The extended deadline to file for most is October 15, making this month the final opportunity to stay compliant and avoid harsh…
