Greenback Expat Tax Services
At the beginning of the year, filing US tax returns is often item number one on many Americans’ to-do lists. However, what happens if tax documents are not ready, or if you need to get organized before filing? The IRS offers options for taxpayers who need extra time to file. Expats, expand your extension education…
Sweden offers its citizens some of the finest social programs that exist: universal health insurance, unlimited sick days, subsidized childcare, and free university tuition. These luxuries do not come without a cost, however, and Sweden’s tax rates are among the highest in the world. In addition to Swedish taxes, Americans living abroad cannot forget their…
Earlier this year, Democrats Abroad (an organization dedicated to providing Americans living abroad a Democratic voice in the government and electing Democratic candidates by mobilizing the overseas vote) conducted an in-depth survey of almost ten thousand expats. The results of the survey echoed Greenback’s findings from last year: Expat taxes pose a constant burden and…
Every year, Greenback surveys expats living around the globe about their opinions on everything from taxation to citizenship renunciation to political and ideological beliefs. These surveys help gauge trends in the expat community and raise the profile of pressing issues; but beyond that, expats who participate in the survey could win a grand prize. Read…
The Foreign Tax Credit is a money-saving credit that the IRS offers to help offset the burden of double taxation. In order to claim this credit, you’ll have to fill out Form 1116, a two-page form that comes with a 24-page set of instructions from the IRS. Check out below our step-by-step guide to filing…
Thousands of American expatriates live in Germany, but how does living there affect their expat taxes? Germany has long been seen as a business-friendly country, since it is the location of several international headquarters. When you include the large US military presence, thousands of American expatriates live in Munich, Berlin, Essen, and other German cities….
Hopefully, you filed your Federal Tax Return by the April 15th deadline. If you did not, interest is accruing even with the extension expats receive until June 15th! However, there is a lesser-known component of expat tax requirements that sometimes catches expats off guard – namely, state tax returns. Depending on the last state in…
Many Americans find themselves moving up north to the land of maple syrup and universal healthcare; namely, Canada. It’s easy to see the draw: you’re still close to the friends and family you’ve left behind in the US, the language barrier is easily navigable, and it’s home to great skiing and the northern lights. If…
Most taxpayers are aware that the traditional tax filing due date in the US is April 15th; however, some may be surprised to learn that most people living abroad need to file a US tax return, including ALL worldwide income. It’s essential to take note, as there are often items to include that differ from…
Have you found yourself behind with your taxes, with an outstanding balance owed to the IRS? If so, you’re probably wondering what the options are for expats and taxes. Fortunately, several are available, and we are here to help you understand – based on the severity of your situation – how you can tackle this…
