Greenback Expat Tax Services
Yesterday, a Canadian court in Ottawa rejected a challenge to the lawfulness of mandatory requirements for filing FATCA issued by two dual Canadian-American citizens. This latest dismissal is a setback to the global progress toward repealing FATCA – or at least testing its legitimacy. What Filing FATCA Means to Expats FATCA (Foreign Account Tax Compliance…
One of the great aspirations many Americans have is to start their own business. It takes a lot of dedication, skill, and planning to do so. While the business and its operations may be the same for an expat as a US-based entrepreneur, owning a small business abroad has some unique implications for expat taxes….
Tax treaties can be difficult to understand. Expats know that, and in June, the IRS admitted it, too – in US tax court. Recently, the IRS was found to have been improperly over-collecting tax dollars and unjustly applying a Foreign Tax Credit limitation. If you’re an American living in France, where great tax news is…
Just this week in expat tax news, the Senate ratified four long-stalled tax treaty protocol updates for Spain, Japan, Luxembourg, and Switzerland. After years-long delays, nearly all Senators voted in favor of the ratification, with Mike Lee and Rand Paul voting against each; Dick Durbin voted against just the Luxembourg treaty. Find out the most…
Did you know that, by the most recent estimates available, nearly ten million Americans live abroad? They come from diverse backgrounds, move abroad for different reasons, and establish their lives in remarkably different locations – from teaching at schools in remote areas of South America to working for international banks in Singapore to retiring on…
Are you an “accidental American” living abroad who may be liable for US taxes and not even know it? Imagine living your life in a country where you grew up, were educated, and worked for years. You’ve dutifully paid taxes in your country your whole life. But then, the IRS contacts you and tells you…
Understanding foreign pensions can be difficult, especially when you already have to navigate the often-complicated US taxation process while living abroad! Whether you’re planning to retire overseas or move back to the US eventually, you should be aware of some things regarding your foreign pension. Foreign Pensions and US Taxation: The Basics With over nine…
Thank you to everyone who participated in this year’s US Expat Opinion Survey. Now that it’s over and the results have been collected , we want to share some of the most important insights you shared. From government representation to potential changes to the tax laws, take a moment to review this important information in…
The Office of the National Taxpayer Advocate, an independent organization within the IRS that works to safeguard taxpayer rights, submits semiannual reports to Congress, and the 2019 National Taxpayer Advocate Midyear Objectives Report to Congress is now available. This is one piece of news you don’t want to skip because, historically, the National Taxpayer Advocate…
It’s one of the most important times of the year at Greenback, as we share the results from our 2019 US Expatriate Opinion Survey! But before we dive into the most significant findings from this year’s survey, let’s take a look at recent trends, what the survey accomplishes, and why it’s so important. Greenback’s Annual…
