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…
Good news for U.S. citizens living abroad—your tax filing deadline is June 15. While any taxes owed were due by April 15, expats automatically receive a two-month extension to file. If you haven’t submitted your return yet, there’s still time to take advantage of key tax credits that can lower your liability or increase your…
As the tax deadline approaches, it’s tempting to rush through your return. But a few simple errors can delay your refund — or worse, trigger IRS penalties. Here are some of the most common mistakes taxpayers make and how to avoid them. Top Filing Mistakes to Watch For Bonus Tip for Expats Make sure you’ve…
April 15, 2025, is the IRS deadline for filing your 2024 federal tax return. But what if that date comes and goes — and you haven’t filed? Consequences of Missing the Deadline If you owe taxes and don’t file, the IRS can assess two key penalties: Interest is also added to unpaid balances, compounding daily…
Tax season is in full swing, and the April 15 deadline is fast approaching. If you haven’t filed yet, there’s still time to make the most of your return by taking advantage of valuable tax credits and deductions available for the 2024 tax year. Top Credits to Check Before You File Key Deductions to Consider…
One of the biggest concerns for U.S. expats is double taxation—being taxed both by the U.S. and your country of residence. Fortunately, the IRS offers several tools to help reduce your tax burden. Use These Tools to Avoid Double Taxation Real-World Example If you pay income tax in Germany, you may qualify to deduct those…
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