Greenback Expat Tax Services
Foreign Bank Account Reporting (FBAR) requirements have long tripped up well-meaning expats who did not realize they had a responsibility to file – even if they were otherwise tax compliant. The associated, often-hefty FBAR fines comprise a nightmare scenario for most Americans living abroad. And unfortunately, federal courts continue to dole out the maximum penalty […]
Rumors have been swirling about the state of the IRS since the government shutdown, including how the tax season would hypothetically be affected by a potential impending e-filing shutdown. Don’t be fooled! We have the facts for expats straight from our experts, many of whom are expats themselves. The Myths Some news outlets are reporting […]
Ready or not, tax filing season has come! Expats, don’t wait until the last minute to find out what you need to do to file your taxes! Be prepared for the 2019 tax deadline and find out what changes lie in store for expat taxes. Tax Filing Season Begins Today! The IRS recently announced that […]
As we settle into the second week of 2019 all eyes are on the government shutdown – and there’s certainly no shortage of questions about what’s going on or what’s going to happen. To help get these questions answered, we’re taking a closer look at what you need to know about the shutdown, what to […]
Regulatory changes to the Foreign Tax Credit have recently been proposed by the IRS. Because these changes – part of the ever-evolving Tax Cuts and Jobs Act (TCJA) of 2017 – concern both foreign businesses and some foreign individuals, we’re taking a closer look to share with you everything expats should know about the proposed […]
This past September, the IRS terminated the Offshore Voluntary Disclosure Program, stating that the program had fulfilled its potential, having been open for a decade (although revised periodically) and being used by over 56,000 taxpayers. However, the IRS just announced that they are initiating a new iteration of the program with modified rules. Find out […]
The National Taxpayer Advocate’s Report is published biennially by the Taxpayer Advocate Service (TAS), an independently run organization that serves as a type of watchdog for IRS performance. The mid-year report addressed the ethical issue of confiscating passports based on tax non-compliance, a matter of great importance to expats around the world. The newly released […]
Tax Reform 2.0 passed the House in late September right before the midterm elections. Now that the midterms have passed, we’re looking to see where the bills tied to Tax Reform 2.0 stand. As you may recall, the Tax Cut and Jobs Act passed last December. However, most of the individual and some small business […]
Happy Friday to our expat community! This week’s roundup covers expat taxes for US employees on foreign assignments, what you should know about business credit card rewards, a guide for buying and selling real estate in other countries, and Greenback’s $1,000 Hotels.com giveaway! US Expat Taxes for US Employees on Foreign Assignments As the trend […]
What a big news week for American expats! As always, and we’ve searched high and low to bring you the biggest expat news from around the globe. This week’s roundup covers birthright citizenship, the IRS e-filing shutdown, preparations for year-end tax planning, the expat turnout from this past week’s midterm elections, and more! Expat Tax […]
