Happy Memorial Day from Expatriate Tax Returns
As we enjoy our freedoms, let’s remember those who made it possible.
The tax filing deadline for expats is June 15th, 2021. Expats receive an automatic extension on U.S. filings. The IRS has not issued any changes to this deadline this year. Any payments owed for 2020 are overdue to the IRS. If you inadvertently forgot or didn’t know you owed, contact us as soon as possible…
For expatriates, investing in real estate abroad offers a unique opportunity to diversify assets, generate income, and secure a home in a foreign country. However, navigating the complexities of international real estate markets requires careful consideration and strategic planning. Why Consider Real Estate Investment? Real estate investment can provide expatriates with several benefits, including potential…
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…
One of the biggest challenges for US expats is avoiding double taxation—being taxed on the same income in both your host country and the US. Thankfully, tax treaties can help. These agreements between the US and other countries ensure that expats aren’t unfairly taxed, but understanding how to use them effectively is critical. What Are…
Concern and confusion around stimulus check eligibility have been a major topic for U.S. expats. If you are a U.S. citizen or resident with a Social Security number and are within the income brackets, and are not claimed as a dependent by someone else, you qualify for the stimulus checks. All first and second Economic Impact…