Happy Patriot Day from Expatriate Tax Returns
In the face of adversity, the true spirit of America shines through 🌟
The familiar rhythm of the calendar signals a season that many approach with a blend of anticipation and apprehension: tax time. As deadlines loom on the horizon, understanding and meeting your tax obligations become paramount. We’re here to provide your timely reminder of approaching tax deadlines and shed light on how Expatriate Tax Returns stands…
Adults across the U.S. will recognize April 15th as Tax Day. This is when individual income tax returns are due. There is some flexibility for expatriates. The Internal Revenue Service website states that if you are “a U.S. citizen or resident alien residing overseas or are in the military on duty outside the U.S.” that…
All U.S. Expats must file taxes annually. The United States government has established significant exclusions, deductions, and credits to make sure expats are not taxed twice on the same income. Even though most expats do not pay tax to the U.S. federal government because of the Foreign Earned Income Exclusion or Foreign Tax Credit benefits, they still have to…
Estimated Tax Payments Estimated tax is a process to pay quarterly tax payments on income that is not subject to withholding. The income that is included is from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes and awards; you may also have to pay estimated tax if the amount of income…
DIY stands for Do It Yourself and just about everything these days has become a DIY activity. Thanks to the Internet and YouTube videos that have experts explaining how to handle tasks yourself, more people are resorting to DIY. When it comes to changing the oil in your car or videotaping your own wedding with…
A record number of United States citizens made the decision to renounce their citizenship in 2020. If you are considering renouncing your United States citizenship, consider the below list of requirements and obligations before you do so. Your United States taxes must be fully paid and up to date. Renouncing your citizenship does not void your…