Happy Memorial Day from Expatriate Tax Returns
As we enjoy our freedoms, let’s remember those who made it possible.
As we enjoy our freedoms, let’s remember those who made it possible.
Living out of the U.S. can be a fun, exciting, and an interesting adventure however, there are factors to consider when living in a different country besides missing the comradery and support of friends and family. Read our check list below. job opportunities take home salary cost of living safety childcare and education quality of…
The 1099 NEC form is required to be filed by U.S. citizens and resident aliens who have been paid $600 or more for services performed for a business by someone who is not an employee of that business. The form is used to report non-employee compensation (NEC) on your federal income tax return. NEC includes,…
Investing in property abroad is a great way to diversify your assets—but it also comes with U.S. tax obligations. If you own foreign real estate or earn rental income from property overseas, here’s what you need to know. 🏠 Foreign Real Estate Is Not Reported on FBAR (Unless…) The property itself isn’t reported on the…
In the United States, the tax year coincides with the calendar year. April 15th is a known date for taxes due to the IRS for American citizens. This is not the case in all countries. There are numerous countries that do not base the tax date to the calendar year. This process can make it…
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…
No young person likes hearing those famous words from their elders, “When I was your age.” However, it’s true that only a few generations ago, the world was a much larger place. Or, at least it felt that way. Thanks to globalization and technology — two things that seem to go hand-in-hand — the world…