Happy New Year 2025
Keep calm and sparkle on! ✨
Introduction The Tax Cuts and Jobs Act (TCJA) brought about some major changes to the US tax code, including a reduction in the corporate tax rate from 35% to 21%. These changes will have a significant impact on US expatriates and their tax obligations. The due date for filing US tax returns is April 15th….
Social Security and Medicare are always a big question when it comes to taxes…when do you pay them and when are you exempt?It is really pretty simple, if you are an offshore employee for an American Corporation, then your employer will usually withhold Social Security and Medicare taxes on your W-2 wages.If you are in…
To start off, an expat is someone who lives in a foreign country for a prolonged period of time, usually for work or retirement. If you are an expat and considering getting married or divorced, it’s important to be aware of the tax implications that may arise from either decision. The Tax Benefits of Marriage…
As the spring season unfolds, expatriates are encouraged to embark on a thoughtful financial rejuvenation journey. Your Trusted Tax Experts are here to provide insights into the concept of Spring Financial Renewal for Expatriates, shedding light on the significance of meticulous financial housekeeping. Learn about the pivotal role of Expatriate Tax Returns in ensuring a seamless and…
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…