Blogs

We approached Seth, who has 29 years of experience in handling expat taxes for people who are heading either way between Australia and America, to answer a few questions about tax commitments for Americans living in Australia.

AM I ELIGIBLE FOR FOREIGN EARNED INCOME EXCLUSION? Learn from Tanveer Mannan, a highly experienced IRS Enrolled Agent based in Dubai. Having worked at EY and PWC before joining Expat Tax Online, Tanveer has 15 years’ experience of helping Americans get the correct advice when they come to work in UAE. Getting the correct tax […]

Superannuation accounts can be complicated, especially for Americans in Australia who have no idea how it works. You’d want to read this one! I know that there are a lot of questions going through your mind, and you’ll see that as you progress, you will find your answers. Let’s start with the basics.

The short answer is… not if you only have an RESP. The new IRS Revenue Procedure 2020-17 issued in 2020 basically stops all Foreign Trust reporting of RESPs… GREAT NEWS! If you have a TFSA, then the answer is maybe. There are 3 types of TFSA. The only TFSA that may need to be reported […]

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 tax commitments, can correct the problem, ensuring that they don’t encounter any problems, […]

The US Government has passed the 2 trillion dollar stimulus package.US Residents with social security numbers, 𝗥𝗘𝗦𝗜𝗗𝗜𝗡𝗚 𝗔𝗡𝗬𝗪𝗛𝗘𝗥𝗘 𝗜𝗡 𝗧𝗛𝗘 𝗪𝗢𝗥𝗟𝗗, are eligible depending on their income.🌎 “Resident” does not mean living in the U.S. when it comes to U.S. taxation.  

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 […]

Is your foreign company (non-US) ready for tax season? Transition Tax and GILTI Tax has and will continue to blindside countless American business owners operating internationally. Not to be confused, Transition Tax and GILTI Tax are two separate components of the new international tax system.  In December 2017, Congress passed The Tax Cuts and Jobs […]

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 […]

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 […]

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 […]

Traditional IRA or ROTH IRA? When you stop working with a United States employer, move abroad, and work with a foreign employer, you can no longer access your US-based 401k retirement plans. What are your other options? IRAs tend to fit the bill – IRAs are individual retirement accounts, where you can contribute a certain […]