Greenback Expat Tax Services
As an expat, understanding how tax treaties and totalization agreements will impact your tax situation is essential. A tax treaty is an agreement between the US and a foreign country that provides relief for those who would otherwise be subject to taxation in both countries. As a US citizen or Green Card holder, you are…
As a digital nomad, have you stayed in an Airbnb for months at a time and wondered about the legality of writing off your housing as a business expense? Some digital nomads often believe all kinds of rent are deductible, so let’s dive into those details. That Digital Nomad Lifestyle According to the State of…
Now more than ever, people can live and work wherever they choose across the globe, and it’s no wonder it’s such a popular choice. But, the way that people work and live abroad can impact your tax liability. Let’s go over some of the ways that expats can reduce their US tax liability. Keep in…
Recently, the 2019 National Taxpayer Advocate Annual Report to Congress and the 2020 Purple Book were released. The Taxpayer Advocate Service (TAS) is an independent organization that works inside of the IRS to ensure fairness and that taxpayers understand their rights. The reports from the Taxpayer Advocate Service show what concerns and focus areas this…
The United Kingdom is a popular destination for American expats. As such, more and more Americans are purchasing homes there. Since Brexit, the United Kingdom has seen declines in the value of its currency and home prices, both of which affect property owners. While the housing market may be stagnant at the moment, changes to…
This week, the IRS announced the start date for tax season 2020: January 27th. That means you can’t file your return until January 27th, but you can make sure you’re ready beforehand. Here’s how expats can prepare this season. Documents for Tax Season 2020 If you’re an American living abroad, you can start getting all…
If you’re an American living abroad who hasn’t filed taxes since you relocated, you may be surprised to hear that you are considered by the IRS to be delinquent regarding your tax-filing obligations. Many Americans don’t realize that their citizenship means a lifelong tax-filing requirement to the US government, regardless of their location. Worse yet,…
Understanding your US taxes can be complex, especially with the additional requirements you have as an expatriate. But imagine the complexity of tax reporting for frequent travelers who don’t spend a lot of time at home! US taxes for pilots and seafarers is no walk in the park, that’s for sure. But, knowing these requirements…
The Taxpayer Advocate Service, the task force whose objective is to review the IRS and make recommendations to Congress, recently made the public aware that the IRS made a mistake—a big mistake. If you’re a married taxpayer filing separately, find out what implications this could have for you as an expat. What Happened? Think back…
2019 was a banner year in many ways, but it was also a pretty intense year when it comes to changes in expat taxation. Let’s take a look back at all the changes we saw last year so that you can prepare to complete any late US expat tax filing you may have on your…
