Greenback Expat Tax Services
Being late on taxes has always put expats in a risky spot, and the IRS has ramped up the stakes now more so than ever. To help with the upcoming compliance initiatives, passport revocation, and new options for late filers, the expert accountants at Greenback are hosting a free webinar for expats behind on US…
The need to file US federal taxes is reiterated repeatedly when searching for information about expat taxes, but what is not often explained is whether you need to file a US state tax return. The United States is made up of 50 states, each with its own governing body that determines whether or not to…
“The hardest thing in the world to understand is the income tax.”- Albert Einstein If Albert Einstein, purportedly one of the brightest minds in known history, found income taxes hard to understand, it is not surprising that more ordinary minds (us!) have a hard time understanding it, too! Being Behind on Your Taxes Is Not…
Many expats don’t realize that they still are required to file annual Federal Tax Returns to the US long after they’ve moved abroad. In fact, they’ll need to file each year as long as they meet the income threshold and retain their US citizenship. But, there is a way to get caught up without paying…
American expats in the UK face some unique challenges for managing their tax responsibilities. Here are eight tax tips to make the task a bit easier. 1. File Tax Returns in the UK and in the US American expats in the UK likely need to file tax returns both in the UK and in the…
There’s nothing the Greenback team likes more than being recognized for our outstanding services for expats unless, of course, we’re being recognized by a company dedicated solely to the expat experience! Today, we’re honored and proud to announce that we’ve been shortlisted for awards of Tax Provider of the Year, Most Innovative Use of Technology…
Calling all Americans abroad! The new compliance campaigns that the IRS has launched in recent months are unquestionably aimed toward one group in particular: Americans abroad who haven’t filed their taxes. So, we’re going through the campaigns one by one to get expats the information they need in order to prepare in advance. Read on…
Moving abroad is a stressful process, even moreso when you throw in property purchases abroad and the impact on your US expat taxes. So many issues surround the ownership of foreign property, including market conditions, foreign mortgages, exchange rates, new cultures, and even different legal structures. As you may already know, a US citizen’s worldwide…
Many foreign countries require residents to remit taxes to the host government, regardless of the citizen’s nationality. For this reason, US expats have an opportunity to claim the Foreign Tax Credit on their US taxes. To utilize this credit, you complete Form 1116 and attach it to your US tax return, Form 1040. The credit…
The last deadline for expats with an extension is tomorrow, October 15th. If you are an American living abroad who hasn’t filed this year but has received income, this means you’ll be filing taxes late. Though the phrase better late than never does apply here, you’re going to want to get your annual filing finished…
