L’shana Tova
A healthy, happy and prosperous New Year to family, friends, clients and expats everywhere who are celebrating.
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Self-Employed Abroad? Here’s What You Need to Know About U.S. Taxes
If you’re a U.S. citizen working for yourself while living overseas, whether you’re a freelancer, consultant, or small business owner you still have U.S. tax obligations. In fact, being self-employed abroad comes with unique challenges and opportunities. 🧾 You’re Still Taxed on Worldwide Income The IRS requires all U.S. citizens to report worldwide income, no…
Child Tax Credit
Earlier this year, Congress approved the Child Tax Credit (CTC) to assist millions of families who have been financially affected by the pandemic. As of September 15th, those who qualify for the CTC can expect to receive their September payment. Those who have requested paper checks should allow for a few more days, although some…
Big Changes Ahead: What UK Expats Need to Know About Making Tax Digital (MTD)
If you’re a U.S. expat living in the UK and earning income from self-employment or rental property, a major shift is coming your way. The UK’s Making Tax Digital (MTD) program is transforming how individuals report and pay income taxes. And if you’re not prepared, it could catch you off guard. At Expatriate Tax Returns,…
