Greenback’s Expatriate Tax News and Tips for US Expats

Foreign Housing Exclusion Calculator

A Foreign Housing Exclusion Calculator for Expats

One of the most common questions we get asked is: “How is the foreign housing exclusion calculated?” Without knowing the equation on your own or having a foreign housing exclusion calculator lying around, you risk missing qualified expenditures for the deduction and not saving all the money that you could. So, to help expats on…

Americans Living Abroad: Foreign Housing Exclusion Guide

Foreign Housing Exclusion Basics for Americans Living Abroad

The Foreign Housing Exclusion is a money-saving provision that can help Americans living abroad reduce their tax liability. Plus, it is closely tied to the Foreign Earned Income Exclusion. Find out the basics in the guide for expats below. What is the Foreign Housing Exclusion? The Foreign Housing Exclusion is available to US expats (which…

Filing FATCA: Canadian Court Rules in Favor

Breaking News: Canadian Court Case Rejects a Challenge to Filing FATCA

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…

Expats in France: Foreign Tax Credit Limitation

Americans Living in France: Say Goodbye to a Foreign Tax Credit Limitation

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…