Greenback’s Expatriate Tax News and Tips for US Expats

Smart Money Moves: FIRE for US Expats

FIRE for US Expats: How to Make Smart Money Moves

Many expat entrepreneurs are interested in the financially independent, retire early (FIRE) movement. The tips below can help FIRE for US expats become a reality. FIRE for US Expats Can Become a Reality We’ll begin with some strategies that you should consider if your situation allows. Consider a “Tax-Free” Roth IRA Conversion. In the past…

Citizenship Renunciation and US Expat Estimates

State Department Estimates, Citizenship Renunciation, and US Expats

The US Department of State’s Bureau of Consular Affairs is an agency tasked with protecting the lives and interests of US expats overseas. You may be familiar with them if you or someone you know has experienced births, deaths, disasters, arrests, or medical emergencies during your time abroad. Infrequently, they release data about how many…

Foreign Earned Income Exclusion and Combat Zone Exclusion

Combat Zone Workers Can Use the Foreign Earned Income Exclusion

If you work in a combat zone, you can exclude a hefty portion of your salary or compensation either through the Combat Zone Exclusion or through the Foreign Earned Income Exclusion.   What Is the Combat Zone Exclusion?  The combat zone exclusion applies to wages and compensation paid by the US government to military and civilian employees. To qualify, employees must be…

Expats Renouncing Citizenship: 3rd Quarter 2019

Trends in Expats Renouncing Citizenship: 2019 3rd Quarter Numbers Are Here

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…

New IRS Compliance Campaign: US Territories Erroneous Refundable Credits and the Foreign Tax Credit

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…