Greenback Expat Tax Services
Each quarter, Greenback tracks the number of expats renouncing citizenship. Why? Citizenship renunciation is something that affects Americans living abroad exclusively, and it’s often a decision based primarily on the continued tax reporting requirements all American citizens have. The Federal Register just released the final count for the quarter ending September 30th. Let’s see how…
While filing US tax returns is a well-known responsibility of Americans living abroad, requirements such as the Foreign Bank Account Report (FBAR) are often forgotten. What’s the big deal, you ask? Well, failing to file the FBAR can draw the attention of the IRS, and lead to some harsh penalties. To make sure you stay…
Every once in a great while, the IRS launches new compliance campaigns. These campaigns allocate staffing and financial resources with the goal of finding taxpayers who aren’t currently in compliance with tax regulation and bringing them into compliance. Recently, the IRS rolled out six of these compliance campaigns, and most of the campaigns either targeted…
Being late on taxes has always put expats in a risky spot, and the IRS has ramped up the stakes now more so than ever. To help with the upcoming compliance initiatives, passport revocation, and new options for late filers, the expert accountants at Greenback are hosting a free webinar for expats behind on US…
The need to file US federal taxes is reiterated repeatedly when searching for information about expat taxes, but what is not often explained is whether you need to file a US state tax return. The United States is made up of 50 states, each with its own governing body that determines whether or not to…
“The hardest thing in the world to understand is the income tax.”- Albert Einstein If Albert Einstein, purportedly one of the brightest minds in known history, found income taxes hard to understand, it is not surprising that more ordinary minds (us!) have a hard time understanding it, too! Being Behind on Your Taxes Is Not…
Many expats don’t realize that they still are required to file annual Federal Tax Returns to the US long after they’ve moved abroad. In fact, they’ll need to file each year as long as they meet the income threshold and retain their US citizenship. But, there is a way to get caught up without paying…
American expats in the UK face some unique challenges for managing their tax responsibilities. Here are eight tax tips to make the task a bit easier. 1. File Tax Returns in the UK and in the US American expats in the UK likely need to file tax returns both in the UK and in the…
There’s nothing the Greenback team likes more than being recognized for our outstanding services for expats unless, of course, we’re being recognized by a company dedicated solely to the expat experience! Today, we’re honored and proud to announce that we’ve been shortlisted for awards of Tax Provider of the Year, Most Innovative Use of Technology…
Calling all Americans abroad! The new compliance campaigns that the IRS has launched in recent months are unquestionably aimed toward one group in particular: Americans abroad who haven’t filed their taxes. So, we’re going through the campaigns one by one to get expats the information they need in order to prepare in advance. Read on…
