Greenback Expat Tax Services
The fourth quarter 2018 citizenship renunciation numbers have been published by the Office of the Federal Register, and we’re here with your quarterly update on what these numbers mean and how they differ from recent trends. Why Do Expats Care About Citizenship Renunciation? Every quarter, the Federal Register publishes an update of American citizens who…
The Foreign Earned Income Exclusion (FEIE) is a money-saving deduction that many expats can qualify for. In order to do so, you have to use either the bona fide residence test or the physical presence test. The bona fide residence test usually seems straightforward at first glance. Unfortunately, like so many expat tax-related issues, it’s…
While filing US tax returns is a well-known responsibility of Americans living abroad, requirements such as the Foreign Bank Account Report (FBAR), are often forgotten. What’s the big deal, you ask? Well, failing to file the FBAR can draw the attention of the IRS, as well as some harsh penalties. To make sure you stay…
With the April tax deadline just a few weeks away, you’re not going to want to miss our next free webinar: the Top Five Changes to the Tax Laws US Expats Need to Know. From the Tax Cuts and Jobs Act to the proposed Tax Reform 2.0, the tax filing process is a lot different…
The IRS announced recently that your passport could be in jeopardy if you are behind on your US tax returns and owe taxes. This is, of course, particularly crucial for expats who often rely on passports for their livelihood as a vital part of their identification. Find out how to avoid the consequences of this…
As a major manufacturing hub, China is where many Americans find themselves relocating to for work purposes. With the incredible rate of growth in the last 25+ years, it is easy to see why people are investing their time and money in China. However, China also has one of the most complex tax structures for…
FBAR gets a lot of airtime as far as expat tax-related issues go due to its very low thresholds and its very steep consequences. But Form 8938, the Statement of Specified Foreign Financial Assets, while very similar to the FBAR, fills different account reporting requirements that apply only to expats who meet certain financial thresholds….
The old adage, “no news is good news,” does not apply today! Yesterday, the IRS released new proposed regulations to provide more guidance on Internal Revenue Code Section 250, which is an addition to the tax code that was originated by the tax reform (Tax Cuts and Jobs Act of 2017). The proposed changes would…
The April tax deadline is right around the corner. If your expat taxes are still on your to-do list, you may want to check out one of the many useful instruments Greenback has engineered for expats: our US expat tax calculator. What Does the US Expat Tax Calculator Do? Since Greenback was founded by expats,…
I have been living abroad for years and I just heard that I should be filing US taxes? I was under the impression that people only had to file if they earned more than $100k and I was making less than that, so I don’t have to file right? – Sarah M. Hi Sarah, To…
