Happy Memorial Day from Expatriate Tax Returns
As we enjoy our freedoms, let’s remember those who made it possible.
Similar Posts
Expat Tax Filing
The U.S. Treasury Department and the IRS are providing special PAYMENT RELIEF to individuals, trusts, businesses and estates, in response to the novel Coronavirus pandemic for those who filed for an extension on or before April 15th, 2020. All income tax payments (including self-employment tax) are extended to July 15, 2020 without penalty or interest…
How to Deal With Your Taxes When You Are Unemployed
Taxes can be a confusing and stressful topic for many people, especially when you are unemployed. When you are unemployed, you may not have to pay taxes on your unemployment benefits, but you may still have to pay taxes on other income sources. In addition, you may be required to pay taxes on unemployment benefits…
Bona Fide Residency Test
Have you heard of the Bona Fide Residence Test? Meeting the bona fide residence test will allow an expatriate to qualify for the foreign earned income exclusion. If you are a resident of a foreign country for an entire tax year, from January 1st to December 31st, you may meet qualifications for the Bona Fide…
The 5 Most Common Reasons For FBAR Penalties
The Foreign Bank and Financial Accounts Report (FBAR) is a form that is required to be filed by U.S. taxpayers who have foreign financial accounts. The FBAR is used to help the government detect and combat international money laundering and terrorist financing. If you fail to file the FBAR, you may be subject to civil…
Here Comes August 8th… HAPPINESS HAPPENS DAY!
2019 marks the twentieth year anniversary of this exuberant holiday, so get ready to put that smile on your face! This holiday is based on the premise that happiness is unlimited and contagious. It can bring a lot of joy to you and others. While being happy can mean different things to different people, Happiness…
