Greenback Expat Tax Services
As an expat, there are things you need to be aware of and look out for when filing late taxes. You need to know how you can minimize penalties and interest, and you need to know when it’s time to hire a professional. Late Filing Fees and Penalties One of the biggest setbacks of filing taxes late are the fees…
Once again, Greenback’s innovations to simplify the process of preparing US expat taxes has been recognized by the Forum for Expatriate Management, as we have been shortlisted in multiple categories for the 2019 APAC EMMA awards. We are honored to be considered for these prestigious awards and proud to be in the company of businesses…
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…
France has been a hotbed of expat tax activity lately. Last week, the IRS admitted that it might have over-collected taxes from Americans living in France. However, the latest news is not so great for expats: the French Banking Federation (FBF) gave France’s Minister of Finance a warning that they may be forced to close…
As an American living in France, you may not know that merely residing in a French residence could subject you to a tax known as the “taxe d’habitation” or French Council Tax, whether you rent the property or own it. This is an often-overlooked tax consideration for an individual planning to move to France and…
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…
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…
