Timely Filing the FEIE Form 2555
One of the more common misconceptions amongst expats is the belief that if your salary falls under the foreign earned income exclusion (FEIE) amount, then there is no requirement to file a U.S.…
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Foreign Tax Credit Relief for U.S. Expats
One of the main challenges facing expat tax filers is ensuring they can avoid the double taxation of their income – that is, taxation of their income by both their country of residence and the United…
Read MorePFIC Reporting on Form 8621
As any financial advisor will tell you, investing for your future is an important financial consideration for you and your family.
Read MoreTax Rules Affected by COVID-19
The U.S. government’s economic response to the COVID-19 pandemic has taken a number of forms, including stimulus payments to individuals, economic relief for small businesses, extended reporting…
Read MoreETP Launches New Website
At Expat Tax Professionals, we constantly strive to improve everything about us so that we can provide the very best tax services to U.S. expats.
Read MoreIRS Online Portals for Stimulus Payments
In perhaps a sign that the IRS is turning a corner in becoming more tech savvy, the IRS website now houses two newly-created online portals designed to help Americans receive their stimulus payments.
Read MoreCARES Act Stimulus Payments
On Friday, March 27th, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), a massive $2 trillion bill designed to stimulate the United States…
Read MoreIRS Announces Extension to July 15
Over the past week, the IRS has made a number of announcements related to the COVID-19 pandemic and the U.S. government’s response measures intended to provide relief to taxpayers. We review the…
Read MoreForeign Pension Owners Can Say Goodbye to Foreign Trust Reporting
In a major shift in reporting policy, the IRS announced in Revenue Procedure 2020-17 that it plans to promulgate regulations providing that U.S. owners of qualifying foreign pensions will no longer…
Read More5 Tips for US Citizens Working in Canada
According to recent population studies, the number of US citizens living in Canada has increased to at least a million, with some estimates closer to 2 million. For US citizens working in Canada, US…
Read MoreExpat Tax Professionals Launches Brand New Fully Online Client Portal and Tax Questionnaire!
Expat Tax Professionals is officially back for the 2020 tax season!
Read MoreNew IRS Application Form Released for Voluntary Disclosure Program
On September 28, 2018, the IRS officially terminated its increasingly unpopular Offshore Voluntary Disclosure Program (OVDP), leaving willfully delinquent taxpayers open to a host of potential…
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