Category: Expat Taxes
Tax Evasion vs Tax Avoidance: Everything Expats Need To Know
Mar 19, 2024
Taxpayers often get confused with the terms tax avoidance and tax evasion. While they both involve reducing your tax burden, they have different meanings and consequences. Not understanding the difference and choosing the…
Unemployed? 5 Things You Need To Know Before Cashing Out 401(K) EarlyÂ
Feb 02, 2024
Here’s one of the most frequently asked questions I receive about 401(K) withdrawal. ”I recently lost my job, and unfortunately, I don’t have an emergency fund or other financial resources to cover my…
Military Expat Spouse Tax Filing Challenges: Answers to FAQs
Feb 02, 2024
The unique demands of military jobs pose challenges for military spouses, especially with the frequent relocations they face. These challenges include adapting to new homes, finding employment, and, of course, managing taxes during…
Identity Theft IRS Letters: What to Do When You Become a Victim
Dec 14, 2023
Identity theft is a growing concern in our digital age, affecting thousands of Americans each year. In fact, during the 2023 tax season, the IRS flagged over 1 million tax returns as potentially…
New Tax Bracket for 2024 (Plus Tips on How to Make Your Taxable Income Low)
Dec 05, 2023
As the new year begins, so does the countdown to the new tax season. When January rolls around, we’ll all dig through receipts and scratch our heads over forms. However, as you prepare…
Is the American Opportunity Tax Credit Actually Refundable? A Guide for Expats
Oct 13, 2023
If you’re pursuing higher education or helping a loved one in college, you’ve likely heard of various tax credits and deductions designed to ease the financial burden of education expenses. Among these is…
IRS Lock-in Letter: How to Handle It if You Receive One?
Aug 15, 2023
Getting a letter from the IRS can make anyone worry, but one type of letter called the “Lock-in letter” might not be familiar. This letter doesn’t imply debt, but it’s important because the…
Top 10 Expat Resource Directories and the Reasons Why They Are Essential for Expatriates
Aug 03, 2023
Moving to a foreign country as an expatriate can be an exciting yet challenging experience. The challenges of adjusting to a new culture, overcoming language barriers, making new friends, and navigating bureaucratic processes…
How to Best Avoid Paying Taxes as an Independent Expat Contractor
Jul 04, 2023
Being an independent contractor comes with numerous benefits, such as flexible schedules and greater control over your work. However, it also entails additional responsibilities, including managing your own taxes. It is true that…
The Most Popular Homeowners Tax Deductions Expats Need to Know
Jun 02, 2023
Owning a home can be expensive. While it is a valuable investment for building wealth, it comes with its fair share of challenges. With monthly payments, unexpected repairs, and ongoing maintenance, the costs…