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Expatriate Tax Blog

Don’t Be Fooled: IRS Scams are in Full Swing

Beware of IRS Scams
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We have all heard the warnings about IRS scams, but how easy are they to spot? Thankfully a savvy Greenback client immediately recognized that an email he received seemed fishy and didn’t provide the sender with any information. Below is the email he received–would you have known it was spam?   Attn:Sir/Madam, Our records indicate that… Read more

How to File US Expat Taxes as an American in Portugal

Portugal US expat taxes
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Expats in Portugal fall in love with Portugal’s long hot summers and beautiful, warm sandy beaches. Situated on the west of the Iberian Peninsula, the rolling beaches and landscapes astound visitors and residents alike. And with its modest population of 10 million people, there is plenty of room for expats to enjoy the lifestyle without… Read more

The Affordable Care Act and Your Expat Tax Return

FATCA Survey Democrats Abroad
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This is the first year that American citizens must report their healthcare coverage and eligibility as part of their US Federal tax return, courtesy of the Affordable Care Act (ACA). The ACA was enacted this year and is a health care initiative designed to ensure that every American has health care coverage. Those who cannot fully afford… Read more

Trucks, Taxes and Superbowl MVP’s. (No One Escapes Uncle Sam)

Taxes, Trucks and Superbowl MVPs
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Welcome to this week’s round up of the most interesting expat stories from around the world! Headlining this week’s stories is the tax implication of Tom Brady’s kind gesture to gift his MVP reward to someone else. Not Even Superbowl Champions Can Escape Uncle Sam After winning the Superbowl XLIX  on February 1, 2015, Tom Brady… Read more

Can You Use the Foreign Earned Income Exclusion to Save?

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For expats, qualifying for the Foreign Earned Income Exclusion can be a huge tax savings, but there is plenty of confusion surrounding the specific rules as to how a US expat actually qualifies. For many, that depends on how many days were spent inside a foreign country, which is a determining factor in qualifying via the… Read more

Will You Be Subject to the AMT as a US Expat?

Ask Dave AMT for US Expats
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It’s time for the latest edition of Ask Dave, where Greenback’s co-founder, David McKeegan answers specific expat tax questions from Greenback customers and friends. Do you have a question for David? Post it in the comments below! Question: Could I be subject to Alternative Minimum Tax (AMT) even when I am paying foreign taxes? Candice… Read more

US Expats Aren’t the Only Ones Affected by FATCA

Foreigners in the US rejected by their banks
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In this week’s expat tax news roundup, we take a look at the impact of FATCA (Foreign Account Tax Compliance Act) on all expats–not just Americans living overseas! Foreigners in the US also affected by FATCA Much of the media coverage surrounding FATCA has focused on the unfortunate consequence for US expats–foreign financial institutions choosing not… Read more

Your US Expat Tax Obligations in Antigua and Barbuda

Antigua Barbuda US Expat Tax
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The warm winds, pristine beaches and breathtaking coral reefs of the twin islands of Antigua and Barbuda keep tourists coming back again and again. But it’s also a tranquil yet exciting destinations for expats. English is the official language, so US expats will feel right at home! And just like ‘home’ in the US, you… Read more

Americans Renouncing Citizenship Hits All-Time High

Renouncing US Citizenship Record-High
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The number of Americans renouncing their citizenship has been climbing steadily and 2014 was another record-breaking year. According to the latest data from the Treasury Department,  3,415 Americans renounced their citizenship in 2014. That is up from the 2,999 in 2013, which is now the second-highest total since the Treasury Department began tracking renunciations. Why the increase? This… Read more

Are you an Accidental American?

FATCA and Accidental Americans
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There are nearly 7.6 million Americans living abroad and while last year, record numbers renounced their US citizenship (3,415), the vast majority of US expats remain proud Americans.  However, there is a newly discovered group of people who consider themselves “foreigners” but in fact they are not.  Dubbed “Accidental Americans”, these individuals live in a… Read more