U.S. citizens find themselves living and working abroad for various reasons. Sometimes they do so because of an excellent job opportunity or because they are following someone they love. Whatever your reasons, if this is you and you’ve decided to renounce your U.S. citizenship, then you will want to know how to handle the tax […]
They say home is where the heart is. It is more than just a shelter, it’s where we love, where we can be ourselves, and it’s where life happens. It’s a big world out there, and for some U.S. citizens, home has been found in an unexpected place, abroad. There are many reasons why people […]
U.S. Citizenship & Your Children When a U.S. citizen has a child born abroad, that child is often born a U.S. citizen, automatically. When this happens automatically and when it doesn’t, is often misunderstood. The laws also change from time to time, which changes things. Because citizenship is automatic for so many, it’s not a […]
Our team of tax experts bring clarity to your US tax questions. We’ve handpicked/curated the most commonly asked questions from Americans living abroad using our Facebook Help Group community. Does it make sense for me to save extra into my retirement account? Your retirement income is in excess to your excluded income – therefore as […]
Our team of tax experts bring clarity to your US tax questions. We’ve handpicked/curated the most commonly asked questions from Americans living abroad using our Facebook Help Group community. How can I avoid paying income tax to the US? How can I avoid paying income tax to the US? As long as you are a […]
What is exit tax and who pays it? Exit tax is a final tax payment for people who are renouncing their US citizenship, and essentially looks at all untaxed assets and creates a final lump sum, that is then paid to the IRS. Exit tax applies to covered expatriates of the United States, which usually means people […]
Renouncing your U.S. citizenship is a huge decision that many often find confusing and intimidating. At Expat Tax Online, we can assure you that the process is not as complicated as it may seem. With enough strategy and planning, you can successfully renounce your U.S. citizenship whether it is for financial or personal reasons. American […]
Are you a U.S citizen permanently living abroad? Today we’re bringing some clarity on the U.S. tax requirements for U.S. citizens abroad and why many are choosing to renounce their citizenship. People leave the United States for many reasons. Some plan to leave permanently while others simply fall in love with another country and decide […]