Memorial Day 2019

If you’re a U.S. citizen or green card holder living abroad, it’s easy to assume that your income earned overseas doesn’t need to be reported to the IRS. After all, you’re paying taxes where you live, right? Unfortunately, that’s not how the U.S. tax system works. The United States is one of only two countries…
Bona Fide Residence Test The Bona Fide Residence Test is often misunderstood by expatriate taxpayers. In order to qualify there are many rules and regulations. Residency in a foreign country alone does not qualify you for this classification. Qualifications for the Bona Fide Resident Test To be eligible for the Bona Fide Resident Test you…
In the world of expatriate taxes, one crucial aspect that demands attention is the reporting of foreign bank accounts. Expatriates, living a global lifestyle, often find themselves grappling with the complexities of this requirement. Learn about the nuances of reporting foreign bank accounts and how Expatriate Tax Returns stands as a reliable partner to assist…
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…