Greenback’s Expatriate Tax News and Tips for US Expats

Streamlined Domestic Offshore Procedures

Domestic Streamlined Program 101

So, maybe you’ve heard of the Streamlined Filing Procedures for Americans living abroad who need to report their foreign financial assets and accounts to the IRS. But did you know that Americans residing stateside also have to report these foreign accounts? They do. Luckily, there’s an IRS amnesty program for them, too. It’s called the…

Residency and Citizenship Based Taxation

The Difference Between Residency-Based Taxation and Citizenship-Based Taxation

How a country’s taxation system works makes all the difference in the world—something that many expats, and certainly accidental Americans, are well acquainted with. It determines who is taxed, on what, and sometimes, how much. Learn about the tax implications for residency-based taxation and citizenship-based taxation for expats. What Is Residency-Based Taxation? With residency-based taxation,…