Greenback Expat Tax Services
Expats’ passports are their lifelines. The freedom to travel without restriction between countries is not a luxury – for many expats, it is the only way to see their families. The loss of a passport could affect their eligibility to work and much more. But recently, the IRS has started cracking down on Americans abroad…
Expat taxes can be complicated on their own, but having a business in the mix adds a new layer of difficulty. Your company could be considered a Foreign Disregarded Entity if it was not created in the US, which may mean additional expat tax reporting requirements. Read on to find out the answers to questions…
The Large Business and International Division (LB&I) of the IRS announced that they are adding six new compliance campaigns, and these are targeting expats and taxes specifically. Though not a lot of information is known about how the IRS plans to conduct these campaigns, expats will want to take a look at our summary below…
Due to the recent landmark court ruling, the IRS owes many American expats in France many sizeable refunds. An error that the IRS made in the Foreign Tax Credit calculation means the IRS expects to owe somewhere in the neighborhood of 100-300 million dollars to US expats who reside in France. However, determining if you…
As an expat, there are things you need to be aware of and look out for when filing late taxes. You need to know how you can minimize penalties and interest, and you need to know when it’s time to hire a professional. Late Filing Fees and Penalties One of the biggest setbacks of filing taxes late are the fees…
Once again, Greenback’s innovations to simplify the process of preparing US expat taxes has been recognized by the Forum for Expatriate Management, as we have been shortlisted in multiple categories for the 2019 APAC EMMA awards. We are honored to be considered for these prestigious awards and proud to be in the company of businesses…
One of the most common questions we get asked is: “How is the foreign housing exclusion calculated?” Without knowing the equation on your own or having a foreign housing exclusion calculator lying around, you risk missing qualified expenditures for the deduction and not saving all the money that you could. So, to help expats on…
France has been a hotbed of expat tax activity lately. Last week, the IRS admitted that it might have over-collected taxes from Americans living in France. However, the latest news is not so great for expats: the French Banking Federation (FBF) gave France’s Minister of Finance a warning that they may be forced to close…
As an American living in France, you may not know that merely residing in a French residence could subject you to a tax known as the “taxe d’habitation” or French Council Tax, whether you rent the property or own it. This is an often-overlooked tax consideration for an individual planning to move to France and…
The Foreign Housing Exclusion is a money-saving provision that can help Americans living abroad reduce their tax liability. Plus, it is closely tied to the Foreign Earned Income Exclusion. Find out the basics in the guide for expats below. What is the Foreign Housing Exclusion? The Foreign Housing Exclusion is available to US expats (which…
