Greenback Expat Tax Services
Moving abroad is a stressful process, even moreso when you throw in property purchases abroad and the impact on your US expat taxes. So many issues surround the ownership of foreign property, including market conditions, foreign mortgages, exchange rates, new cultures, and even different legal structures. As you may already know, a US citizen’s worldwide […]
Understanding foreign pensions can be difficult, especially when you already have to navigate the often-complicated US taxation process while living abroad! Whether you’re planning to retire overseas or move back to the US eventually, you should be aware of some things regarding your foreign pension. Foreign Pensions and US Taxation: The Basics With over nine […]
The string of bills that comprise Tax Reform 2.0 is now available to the public! The stated objectives of this reform are to: “lock in the individual and small business tax cuts made law in the Tax Cuts and Jobs Act, make it easier for families and businesses to save for retirement, and boost American innovation […]
The Tax Cuts and Jobs Act was passed last December, and the ramifications on many American taxpayers have been huge. But an addition to this reform is now underway, and last week, House Speaker Paul Ryan announced that the second stage of tax reform legislation will be ready for a vote sometime this month. The […]
Because the US has a citizenship-based taxation system, income earned abroad is subject to federal taxation regardless of the income source. Then again, earnings on certain qualified US retirement funds receive preferential tax treatment; so, the question naturally arises: do any foreign retirement funds get special treatment in US taxes? If you’re a US expat […]
Welcome to this edition of the weekly expat tax news roundup! This week we’re featuring information about tax for US citizens living abroad in Australia, what expats who are starting a business should know about self-employment taxes, and more. Self-Employment Taxes Made Simple If you’re an expat who has considered starting a business, read our […]
Many aspects of US expat taxes get overlooked by individuals living overseas. Filing requirements, deadlines, and valuable deductions and exclusions are commonly known, but what about Social Security? Expats often forget about the Social Security payments required for US citizens working overseas and are unaware that their benefits may be received in a foreign country. […]
This past week has been a busy one for news at Greenback – let’s get started! 2018 US Expat Opinion Survey Last year, 62% of expats said they did not owe any taxes or they received a refund! Did you owe US taxes last year? Inquiring minds want to know. Take the 2018 US Expat […]
Canada is just a hop, skip, and a jump away from northern parts of the US, and a popular destination for Americans moving abroad. Find out how US expat taxes in Canada apply to Canadian retirement programs. Canadian Retirement Programs Canada has a public retirement system comprised of three parts: the Canada Pension Plan (CPP), […]
Welcome to your weekly expat tax news briefing. It’s been a big week for Greenback, and we can’t wait to share all the great news with you! Even if you are in the midst of filing US taxes, the news below is worth a read. FEM Announces Emma Shortlist The Forum for Expatriate Management (FEM) […]
