How U.S. expats avoid being taxed twice on the same income, using the foreign earned income exclusion, foreign tax credits and tax treaties.
For nonresident aliens (NRAs) who own U.S. property, estate planning can be fraught with complexity and the risk of significant U.S. estate tax exposure. However, estate tax treaties between the…
Read MoreIn this week’s blog, we review the U.S. tax rules relating to the payment of alimony, both from a domestic law and a treaty law perspective.
Read MoreIt’s a well-known expat tax basic that U.S. citizens living abroad have a number of unique tax challenges and opportunities.
Read MoreFor Americans living abroad, one of the trickier areas of U.S. tax law is the non-U.S. pension. Despite being a common feature of most people’s lives, the U.S. Treasury and IRS provide limited…
Read MoreFor those considering renouncing their U.S. citizenship, the main potential tax concern is the so-called “exit tax,” which is a tax on the built-in appreciation in a covered expatriate’s property…
Read MoreAs we’ve blogged about previously, the child tax credit amount has been increased from $2,000 to $3,000 per child ($3,600 for children under age 6) for the 2021 tax year.
Read MoreOne of the most common tax relief measures available to U.S. expats is the foreign earned income exclusion (“FEIE”). This expat tax basic is an important method for avoiding the double taxation of…
Read MoreFor US expat retirees, determining the US income tax rules regarding foreign (non-US) social security benefits is a common concern. While your foreign country of residence may provide an income tax…
Read MoreLargely 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 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…
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