Greenback Expat Tax Services
Moving abroad is a stressful process by itself, which is only multiplied when you throw in the consideration of purchasing property abroad and its 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…
With Hurricane Irma impacting some small Caribbean nations, American citizens residing and working may not be aware how natural disasters, displacements and evacuation – particularly one bringing them back home to the US – could affect their ability to claim expat tax benefits. Physical Presence and Income Exclusion When a natural disaster occurs in your country…
Especially in recent years, the IRS has made it a priority to improve compliance with rules around the reporting of foreign assets and income. Since it’s estimated that the government misses out on nearly $200 billion in tax revenue a year as a result of avoidance, it’s easy to understand why. While hefty penalties are…
If you have outlying Foreign Bank and Financial Accounts Reports (FBAR) that you have not been able to file, don’t worry! The good news is that there’s a system in place to file FBAR forms from previous years easily from the comfort of your desk. In this post, we’ll show you how. Common Issues with…
As if tax season weren’t hectic enough, the IRS will soon be adding another wrinkle to an already pressure-filled situation. Starting in January 2018, there will be a new law in effect that connects your passport to back taxes you may owe. In this post, we’ll discuss this new legislation’s overall implications and how it…
We get it… mid-April comes around a lot faster than you might expect! Nevertheless, April 15th is the primary tax deadline for Americans living stateside and abroad alike, and it’s best to file as early as possible to put your mind at ease and avoid filing taxes late. In this post, we’ll discuss why that…
If you’re an American living abroad, it might be tempting to think that you have escaped the common rush stateside that comes with filing a federal tax return every April. However, contrary to popular belief, you are still obligated to file a US federal tax return even when you take up residence in a new country….
We’ve made it our mission at Greenback to help Americans living abroad file their expat taxes with less hassle and more ease. We understand how daunting paying US taxes can be when you’re away, but we work with you and your unique situation through the complex tax system so that you can get back to…
The National Taxpayer Advocate Service (TAS) recently released its 2017 Mid-Year Report assessing the IRS’s performance during US taxes filing season and identifying priority issues – some of which we will recap below – for the coming fiscal year. Below we share the top-line findings and specific items of interest for US expats. First Things…
Even though the June expat tax deadline has passed, if you haven’t yet filed, it’s never too late to get caught up! Becoming compliant with the IRS is key as we approach a new tax year – here are the facts you need to know about catching up on past due expat taxes. 1. Gather Important…
