Greenback Expat Tax Services
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 just released the final count for the quarter ending September 30th. Let’s see how […]
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 […]
The Large Business and International Division (LB&I) of the IRS recently announced the addition of six compliance campaigns. Throughout the years, compliance campaigns have come and gone, but the new campaigns are targeting Americans working overseas specifically. The IRS hasn’t given explicit information on how it expects to carry out these campaigns, but expats still […]
Amidst all the news of looming IRS crackdowns, a bit of relief is on the way. Recently, a brand new IRS amnesty program was launched for those who have renounced their American citizenship (or even those who intend to!), called “Relief Procedures for Certain Former Citizens.” These procedures are intended to incentivize noncompliant taxpayers to […]
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 […]
Check out our summary on the first quarter citizenship renunciation numbers that were recently published in the Federal Register. These numbers are often reflective of several issues that concern expats: taxes, political environment, and more. But typically, one of the top factors is US expatriate’s tax. Let’s take a look at the recent development in […]
