Category: Expat Tax Solutions
How to Claim Tax Treaty Benefits for U.S. Expats
Sep 20, 2024
The United States has income tax treaties with a number of foreign countries. One of the tax treaty’s primary benefits is that it gives contracting country residents the security that they will not…
Tax Information Exchange – A Critical Guide for Expats
Sep 19, 2024
Tax information exchange involves sharing financial data between countries under treaties or bilateral agreements. It plays a critical role in the global effort to enhance tax transparency and combat tax evasion. Through various…
The Impact of Health Insurance on Your US Taxes for American Expats
Sep 13, 2024
When you think about health insurance, taxes might not be the first thing that comes to mind. However, the connection between the two is more significant than many realize. The Patient Protection and…
How to Claim the Foreign Housing Exclusion for Expats
Sep 13, 2024
The Foreign Housing Exclusion complements the Foreign Earned Income Exclusion (FEIE), with both claimed on Form 2555. Together, they can significantly reduce your U.S. tax bill. The Foreign Housing Exclusion allows eligible U.S.…
4 Options for Delinquent FBAR Submission for Expats
Aug 28, 2024
The Report of Foreign Bank and Financial Accounts (FBAR) is a Treasury information form separate from your annual IRS income tax return. It requires U.S. persons, including expats, to report their involvement with…
Ultimate Tax Tips For Year-End Charitable Contribution for Expats
Aug 28, 2024
Supporting charitable causes not only helps those in need but can also provide you with valuable tax benefits. Many expats aren’t aware that their charitable contributions can reduce their taxable income, making giving…
How to Determine State Income Tax Residency For U.S. Expats
Aug 22, 2024
Many overseas taxpayers have questions about their filing requirements and potential tax liability as it pertains to filing a state income tax return during periods when they are residing overseas. Most people incorrectly…
How to File U.S. Taxes as an Expat English Teacher
Aug 16, 2024
When you choose to live and teach outside the United States, you are sure to have a lot of unique experiences that aren’t available to English teachers in the U.S. However, living abroad…
Online Tax Preparation – Should I Self-Prepare My Return?
Aug 06, 2024
Online tax preparation has become increasingly popular among taxpayers who prefer the convenience and cost-effectiveness of filing their returns themselves. The appeal of using online tax software lies in its user-friendly interface, step-by-step…
IRS 1042-S Form – Reporting Amounts Paid to Foreign Persons
Jul 25, 2024
U.S. tax laws are hard enough for Americans to understand. They become even more challenging for non-residents who earn income from U.S. sources and receive an IRS 1042-S Form, Foreign Persons’ U.S.-Source Income…