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.
Read MoreTax Reform
How U.S. tax law changes, from the 2017 Tax Cuts and Jobs Act to the 2025 OBBBA and annual inflation adjustments, affect expats.
GILTI 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 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 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 MoreThe Tax Reform’s Effect on the Capital Gains Tax for US Expats
As taxpayers continue to settle in fully to Trump’s Tax Reform, confusion still remains for some as to how the tax reform will affect their overall tax liability in years moving forward.
Read MoreCan Wealth Taxes Be Used as a Foreign Tax Credit Against US Taxes?
One of the main methods that US expats use to reduce and often eliminate the double taxation of their income is the foreign tax credit.
Read More4 Tips on Income Tax for USA Citizens Overseas
For the nearly 10 million US citizens living abroad, the income tax implications of USA citizenship can be challenging, given the complexities of the rules and the scarcity of professional help in…
Read MoreGILTI Tax for Individual Owners of Foreign Companies
As we’ve discussed in previous blogs, Trump’s recent tax reform focuses heavily on the operation of overseas businesses by U.S. persons. The reform installs several new regimes, which are broadly…
Read MoreIRS Tax Amnesty After Trump Reform
The Tax Cuts and Jobs Act (“TCJA”), encated at the end of 2017, undoubtedly brought many significant changes to the U.S. tax system. Because the TCJA changed the Tax Code in so many areas, it’s…
Read MoreCombat-Zone Contract Workers to Claim Foreign Exclusion
In a recent online update, the IRS reminded taxpayers that starting with the 2018 tax year, contractors or employees of contractors supporting the U.S. Armed Forces in designated combat zones will…
Read MoreChanges to the Child Tax Credit
While Trump’s tax reform made a number of important changes to the U.S. tax system, there is one reform that is particularly important for U.S. parents living abroad. The Tax Cuts and Jobs Act…
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