Happy New Year

For U.S. expatriates, choosing whether to file taxes jointly or separately is a crucial decision that can significantly impact your overall tax liability. Each option has distinct advantages and potential drawbacks depending on your unique financial situation and residence abroad. Filing Jointly: The Pros and Cons Filing jointly can often provide benefits such as a…
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…
For Expats getting the Covid-19 stimulus payment from the US government can be a complicated process: You must have a US social security number. Using an ITIN disqualifies you from the program. Including taxpayers, spouses and dependents. Direct deposits are only available to US bank accounts. Some clients who do not have a…
Expats should plan to file on time to avoid tax-related headaches. Knowing when documents are due ahead of time will help you prepare. Don’t wait any longer. Instead, get acquainted with the 2019 U.S. tax deadlines for expats listed below. Filing Deadline – Monday, April 15th, 2019 Most U.S. citizens recognize April 15th as Tax…
The Benefits of Being an American Expat Living Overseas When you are given the opportunity to move abroad…consider it an adventure! And enjoy every moment. Prior to moving, make sure that you handle all of your business here in the states. Pay all of your bills, notify all of your creditors of your change in…
The “A” word – I’m being AUDITED, now what?! The “A” word may be in the top 10 of scariest words ever! Am I in trouble? Was I flagged? Not necessarily. Some reasons your return could be picked for an audit include: random sampling, computation errors, computer screening, excessive deductions, and large charitable contributions. Respond…