Avoid These Errors Commonly Seen by the IRS People who file their own taxes sometimes worry about making a big mistake that might result in an audit – or in short-changing themselves from a deserved tax refund. But the IRS says that it’s often the little problems that cause headaches for citizens. Below are five…
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We definitely understand how US taxes stress out individuals. This is only amplified for those who need to take international living into consideration. If this is your first time filing US taxes while overseas, you are likely especially stressed out by the new forms and schedules you need to file. We understand this, as does…
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We urge those who contact us to engage our expat tax services sooner rather than later — and it is not us trying to convince them to become a customer. We want to save them money! Although expats are given an automatic two-month extension to file their tax returns, many overlook the fact that that…
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FATCA, US Taxes and International Fund Managers If you follow our US Taxes Explained series, you are probably familiar with how the IRS and other US government agencies are consistently increasing initiatives to catch up with delinquent on US taxes, especially those with assets overseas. The Economist describes one such initiative, the Foreign Account Tax Compliance Act (FATCA), in…
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If you follow our US Expat Taxes Explained series, you are probably getting familiar with the idea that US expat taxes can be quite complicated. They are made only more complicated with the FBAR and other reporting requirements. Luckily, there are tips to simplify other aspects of your finances abroad. On November 14th, Creveling & Creveling published…
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If you follow our US Expat Taxes Explained series, you are familiar with our sharing of important advice for US expats who live abroad. With the markets being particularly volatile this past year, we want to pass along a piece of tax planning wisdom from wealth management specialists Creveling & Creveling. On November 1st, Creveling &…
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US Expat Taxes – Picking the Right Currency As a supplement to our US Expat Taxes Explained series, we would like to present a special guest post from Creveling & Creveling. Creveling & Creveling is a wealth advisory firm that specializes in helping expatriates in Thailand and South East Asia build and preserve their wealth. Using…
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If you’ve been reading our US Expat Taxes Explained series for the last couple of months, you will be aware of how important it is to stay up to date on your expatriate tax return and FBAR filings. On April 30th, 2011, the Wall Street Journal underscores this point in a really useful and interesting…
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