Expats who haven’t heard of virtual mailboxes should read below to find out if having one could save them time and stress on their upcoming taxes. Which Address Do Expats Put on Their Tax Returns? For many Americans living abroad, the question of what address to enter on their tax return arises. At first, the…
Many expats wonder what to do when they are contracting for a foreign employer and won’t be receiving any of the familiar forms: 1099s, W2s, etc. So our experts have compiled the answers to how and where to report the income that comes from contracting for a foreign employer on the US return. What Taxes…
The state department estimated that approximately 9 million Americans were living abroad in 2016, and this number is growing. Expats report enjoying life overseas, with many intending to stay abroad permanently. For someone who is opening a business abroad, choosing how to structure your foreign business can be complex with various factors to consider. A…
If you are a citizen or permanent resident of the US, you are obligated to file taxes with the IRS each year, regardless of the country in which you reside. Not only are you required to submit the standard income taxes for expats, but you may also need to file an informational return on your…
When you’re a digital nomad, the last thing you want to worry about is your taxes. You’ve got your career and (perhaps) a family to take care of, and your extra time would be best spent sightseeing or taking in a new culture. When you are on the move constantly, this is especially true. But…
While you may be fully aware of your expat tax filing obligations by now, there’s another requirement you should pay attention to: FBAR reporting. FBAR, or Foreign Bank Account Reporting, is required if your foreign financial account balances exceed a certain threshold, and failing to do so can lead to harsh penalties. Here’s what you…
Working overseas either as a contractor or an employee comes with both pros and cons. A US expat residing abroad can enjoy quite a lot of monetary as well as non-monetary benefits, especially compared with their stateside counterparts. But your taxes will be very different depending on whether you’re a contractor or an employee. Read…
Ah, France: great cheese, excellent wine, and, unfortunately, a very complicated tax system. If you are one of the lucky souls who own property in France, whether as your primary residence or a pied-a-terre and are a US citizen, this article has the info you need about French property taxes for non-residents and expats. What…
If you must file a US expat tax return, you’ll need to have either a Social Security number (SSN) or an Individual Taxpayer Identification Number (ITIN). The ITIN is only for taxpayers who aren’t eligible for a Social Security number and its only purpose is for filing US taxes. It’s very important to apply for…
Under what circumstances should a military contractor stop withholding taxes? Let’s explore Form 673: not just the process for filling it, but also where to send it. What’s New About the Process US military contractors and employees received some good news with the enactment of the Bipartisan Budget Act of 2018. For tax years leading…
