Happy Valentine’s Day!
Sending our love to all who are working overseas this Valentine’s Day.
Sending our love to all who are working overseas this Valentine’s Day.
Investing in property abroad is a great way to diversify your assets—but it also comes with U.S. tax obligations. If you own foreign real estate or earn rental income from property overseas, here’s what you need to know. 🏠 Foreign Real Estate Is Not Reported on FBAR (Unless…) The property itself isn’t reported on the…
This year we would like to wish you a loving and Happy Valentine’s Day ❤️
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…
Typically, to meet the physical presence test, you must reside in a foreign country or countries for a minimum of 330 full days during a 12-month period. Days can be counted spent abroad for any reason, as long as your tax home is in a foreign country. The 12-month period can start any day of…
Happy New Year! We wanted to take this time to introduce ourselves to any new clients that may have joined us this past year. Welcome! We are happy to have you. We are Expatriate Tax Returns, and we are proud to have assisted both individuals and small businesses in filing their taxes for over 25…
As an American expatriate living abroad, you have a unique opportunity to claim a Foreign Tax Credit. By doing so, you will avoid dual taxation, which is when two different countries impose taxes on the same income. No one wants to be doubly taxed of course, but if you’re caught unaware you could be subject…