Health Insurance and Independent Contractors in the US – How Will This Impact My US Income Tax?

Health Insurance and Independent Contractors in the US – How Will This Impact My US Income Tax?

We know that the workforce has changed dramatically in the US in recent years. More than 10 million workers, which are about 7.4 percent of the US workforce, are now classified by the Bureau of Labor Statistics as independent contractors. Further, there are also another 4 million workers who have alternative work arrangements in which […]

Obamacare: How Does it Affect Expats Filing US Taxes Abroad?

Obamacare has wide-reaching impact on Americans around the world. Many expats won’t be obligated to comply with Obamacare regulations, but for those who do, it might result in a penalty tax. David McKeegan, Co-Founder and President of Greenback Expat Tax Services explains the ins and outs of Obamacare and how US expats may be affected. […]

Obamacare and expatriate taxes

5 Things US Expats Need to Know About Obamacare and Expatriate Taxes

Americans are well aware that there are big healthcare changes on the horizon. As of January 1, 2014, the ACA (or more popularly known as Obamacare) goes into effect. All Americans will be subject to what is being referred to as the Individual Shared Responsibility Provision for US healthcare. This basically requires that all US […]

Foreign Tax Credit may not apply Obamacare

Foreign Tax Credit May Not Apply to Obamacare Provisions

Foreign Tax Credit and Other Expat Benefits May Not Prevent Double Taxation According to recent articles in Tax Notes Today and Mondaq.com, the Patient Protection and Affordable Care Act of 2010 – what is commonly referred to as Obamacare – may expose US expats to double taxation. While many Americans living abroad are able to […]