Do I have to file a US tax return➥ Streamlined Tax Amnesty program Darryl, an Enrolled Agent, has many years of expat tax experience, including how the Streamlined Tax Amnesty program works. He has taken time out of his busy day to explain how American citizens living abroad that have somehow fallen behind with their […]
Accidentally Put Wrong Address on US Tax Return When Living in the UK Let’s face it, we all make mistakes, especially when it comes to the confusing world of tax filing. But what happens if, as a U.S. citizen living in the UK, you realize that you’ve put the wrong address on your U.S. tax […]
How to Apply for a Canadian Visa for US Citizens Canadian Visa Requirements If you’re a U.S. citizen looking to travel, work, or live in Canada, you may have questions about visas and requirements. First things first, do you need a visa to visit Canada? As a U.S. citizen, the good news is that you […]
IRS Constructive Ownership Rules Are you a U.S. citizen or an expatriate diving into the deep end of the international tax world? If so, you’ve probably come across some head-scratching concepts like Controlled Foreign Corporations (CFCs) and Constructive Ownership. Don’t worry, we’re here to make sense of these tricky terms! First, let’s imagine a corporation […]
T1135: Foreign Income Verification Statement Canada Understanding the T1135 Form A T1135 form is a tax form that the Canadian government uses to collect information on specific assets owned by Canadian residents outside Canada. The form is used to verify foreign income and assess taxes owed. It’s important for Canadians that earn income abroad to […]
Are Students Taxed in the UK? If you’re currently residing in the UK and you happen to be studying at a university or college, you might want to know if students are taxed in the UK. Let’s take a look at whether or not students in the UK are taxed and what exactly this means […]
What’s the Difference Between P45 and P60 When you’re working for an employer in the UK, there are two forms you’ll come in contact with that could be easily confused with each other: your P45 and your P60. If you’re not sure of the difference between these two tax forms, you could be owed […]
Foreign Investment Fund in the United Kingdom Are you looking to broaden your foreign investments? Perhaps extend your portfolios into the UK? If you are then you might want to sit down for this. The fundamentals of investment require individuals to educate and familiarize themselves with laws governing investments as well as the tax implications […]
Canada Workers Benefit The Canadian government has been trying to make work benefits more affordable for workers since the creation of Canada in 1867. In the early 20th century, the government started offering various benefits such as health care, pensions, and maternity leave. In 1945, unemployment insurance was introduced by the Canadian government in order […]
Best UK Banks for U.S. Expats After moving to the UK, the first thing most expats do is open a bank account. There are many good reasons for this, including avoiding difficulties in managing your finances while overseas. However, choosing the right bank requires knowledge and effort, so we’ve compiled a list of the best […]
