Job Expense Deductions for Expat Employees
As is the case with employees working around the world, expats working abroad may have job-related expenses that are not reimbursed, so you may end up paying these expenses yourself.
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5 Tips for US Expat Teachers
For many US teachers, the opportunity to teach abroad can mean a greater diversity of students, new life-changing experiences, altruistic pursuits, and in many cases a higher salary and healthier and…
Read MoreGILTI Tax on Owners of Foreign Companies
Of all the changes to the tax system brought on by the Trump Tax Reform, perhaps the most significant and lasting change for expat business owners was the introduction of the GILTI tax regime…
Read MoreEnd of DIIRSP Amnesty Program
In a move that didn't receive much attention in the press, the IRS this week quietly dismantled one of its tax amnesty programs related to international tax reporting.
Read MorePre-Immigration US Tax Planning
Moving to the United States has a number of important tax implications, some more obvious than others. The implications of becoming a U.S. tax resident include:
Read MoreFBAR Deadline Extended to October 31, 2020
On October 14, 2020, the Treasury Department’s FinCEN website posted a surprising last-minute notice stating that this year’s FBAR 2020 deadline for reporting foreign bank accounts owned during the…
Read MoreIRS Letter 6311 Warns About Section 965 Compliance
Taking its cue from previous audit campaign announcements, the IRS has begun sending “soft letters” to U.S. taxpayers owning foreign companies about IRC Section 965 transition tax compliance.
Read MoreUS Self-Employment Taxes Abroad
Of all the expat tax basic rules, the most basic of them all is the rule that U.S. citizens living abroad are subject to U.S. taxation just like citizens residing within the United States.
Read MoreUS Tax Deadlines for Expats
The below reviews the annual U.S. tax deadlines for expats, explaining how June 15 and October 15 are the critical due dates. For deadlines during 2022 specifically, click here.
Read MoreAmerican Tax Rates for the 2021 Tax Year
This past week, the U.S. Bureau of Labor Statistics released the updated chained Consumer Price Index (CPI) for the 12-month period ending August 31. The CPI affects a number of tax items that are…
Read MoreRefundable Tax Credits
A number of clients have asked us whether a U.S. expat can receive a tax refund from the IRS despite living overseas. While the answer to this question can be nuanced depending on the circumstances…
Read MoreUS Tax Deductions for Expats
For many US expats, the foreign earned income exclusion or foreign tax credits are sufficient methods to fully reduce the US taxation of your income. For certain expats, however, these basic methods…
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