Spring is always a busy time of year, but it can feel even more hectic during an election year. Between the primaries and April tax deadlines, it’s important to take just 5 minutes to complete the US Expat Opinion survey and make sure your voice is heard. This survey is an integral part of Greenback’s […]
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 […]
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 recently released the final count for the end of 2019. Let’s see how this […]
Being late on taxes has always put expats in a risky spot, and the IRS has ramped up the stakes now more so than ever. To help with the upcoming compliance initiatives, passport revocation, and new options for late filers, the expert accountants at Greenback are hosting a free webinar for expats behind on US […]
In 2019, the Large Business and International Division (LB&I) of the IRS announced the addition of six compliance campaigns. Throughout the years, compliance campaigns have come and gone, but the 2019 campaigns target Americans working overseas specifically. In particular, the expatriation endeavor will have consequences for a subsection of Americans working abroad who expatriated recently. […]
In 2019, an IRS amnesty program was launched for those who have renounced their American citizenship (or even those who intend to!). The Relief Procedures for Certain Former Citizens offer incentives to noncompliant taxpayers to voluntarily come forward and get caught up on their taxes without being taxed as a covered expatriate. Find out how this […]
Many expats have a love-hate relationship with their American citizenship. While they may love being American citizens, the ongoing tax-filing requirements can make the burden of remaining a citizen too much to bear. Each quarter the Federal Register publishes the American citizenship renunciation numbers, and the numbers often reflect a number of different trends for […]
Expats’ passports are their lifelines. The freedom to travel without restriction between countries is not a luxury – for many expats, it is the only way to see their families. The loss of a passport could affect their eligibility to work and much more. But recently, the IRS has started cracking down on Americans abroad […]
Thank you to everyone who participated in this year’s US Expat Opinion Survey. Now that it’s over and the results have been collected , we want to share some of the most important insights you shared. From government representation to potential changes to the tax laws, take a moment to review this important information in […]
Each year, our expat opinion survey shows that citizenship renunciation weighs heavily on the minds of expats everywhere, and the US taxation system is often cited as the reason. Renouncing US citizenship may seem like a good decision – especially if you have dual citizenship or have been living outside the US for several years […]
