Filing by the deadline is essential and can save you money. The IRS charges interest for any balance left unpaid after the deadline, so if you miss the deadline not only will you be paying late fees, but you will also be paying extra interest. Filing by April is always a smart choice (or June…
Each state has their own policy for abroad taxation. Some U.S. states do not tax overseas (Florida, Nevada, Washington), while other states require tax filing while overseas (South Carolina, California, Virginia). Stay up to date on how your state handles expat taxes and adjust your plan accordingly. Want to learn more? Contact Expatriate Tax Returns. …
All United States citizens and green card holders must file taxes every year as written in U.S. law. Yet, many individuals are unaware that they need to file, usually because they are unaware of the law. Thankfully, due to United States policy dual citizens will not be double taxed. To start the filing process, you…
The United States has approximately 9 million expats living overseas. Some are relieved that they are living abroad while others are concerned about their own healthcare if they should need it and worry about family back in the U.S. COVID-19 has made many Americans reevaluate living out of the country due to potential restriction to…
According to Expat Insider survey results for 2019, below are the top 3 best places for expats to live. 1.Taiwan 2.Vietnam 3.Portugal Do you agree?
It is important for all United States citizens living and working abroad to understand the American Citizens Abroad’s Same Country Exemption. This will have an important effect on expats and specifically on Expatriate Tax Returns. The National Taxpayer Advocate has recently come out in full support of regulatory changes to both FBAR (Foreign Bank Account…
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