Largely due to its contiguity with the United States, Mexico continues to be the most popular destination in the world for US expats. According to a US State Department estimate, approximately 1.5…
Read MoreLast week, the American Rescue Plan Act of 2021 (ARPA) was signed into law. ARPA is a massive $1.9 trillion stimulus bill – the third of its kind since the start of the COVID pandemic. The bill has…
Read MoreIf you are a US expat married to a non-US person, can you file a joint US income tax return with your spouse?
Read MoreRecently, the US government foreshadowed the coming of a significant change in its FBAR reporting policy regarding virtual currency.
Read MoreWith President Biden now a month into his administration, the taxpayer community is still waiting to hear when and what changes will be coming to the US tax rules.
Read MoreIn recent guidance to its own program managers, the IRS stated that it has the authority to request information on non-US accounts held by US citizens and residents from non-US banks in accordance…
Read MoreThe US government’s economic response to the COVID pandemic has taken a number of forms, including economic stimulus payments to individuals, economic relief for small businesses, extended reporting…
Read MoreUS expats in Germany, who number in the tens of thousands, can cite many reasons for choosing Germany as their home. Reasons include universal healthcare, shorter working hours, a stable economy, and…
Read MoreWhen it comes to U.S. income taxes, the basic expat tax rule is quite clear and straightforward. U.S. citizens living abroad are required to annually file and pay income taxes on worldwide income…
Read MoreWith the 2020 year coming to a close, President Trump signed the latest massive U.S. government stimulus bill, which includes a second round of stimulus payments for Americans, including citizens…
Read MoreAfter months of stalled negotiations, the U.S. Congress (both the House and Senate) on Monday night overwhelmingly passed a $900 billion relief bill, intended to again bolster the U.S. economy, which…
Read MoreA gift to a foreign spouse, under the right circumstances, can play an effective role in long-term estate planning as well as current income tax return optimization.
Read More
