Renouncing Your U.S. Citizenship
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?
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 […]
Do I have to file?
Do I have to file? That depends if you are a US citizen or a US Green Card holder. The general answer is yes. It is dependent on your income level and your filing status as well. But assuming your income is over a relatively small amount given your filing status and if you are […]
US expats | Did you know you could claim all this against your US taxes?
American expats can claim way more than they think! In a recent survey, we found that the many expats, especially new expats had no idea they could claim so much against their US taxes. Minimize your US tax liability or get it to zero! Be aware of all your exclusions and deductions Don’t pay a […]
Claim the Foreign Earned Income Exclusion to wipe out your IRS tax liability
Do I qualify for the Foreign Earned Income Exclusion? You could, if you are a US expatriate outside the United States, your tax home has moved abroad to a foreign country and you have foreign earned income. In other words, you are getting a salary from employment in a foreign country. Now, in order to […]
Get The Maximum IRS Expat Tax Exclusions | Expat Tax Online
Many expats we help simply don’t realize the amount of deductions they can claim. There are so many IRS exclusions and deductions you can claim when you are a US expat, living and working abroad. The common ones that new expats aren’t aware of are the itemized deductions such as State income taxes, mortgage interest, […]
What is FATCA and how does it affect US Expats?
FATCA is the Foreign Accounts Tax Compliance Act, F.A.T.C.A. Agreements have been signed between Canada (and many other countries) and the United States whereby the banks in those countries will disclose the information about the Americans with accounts held at the banks. Now ultimately, they will be in a big matching exercise for the US […]
