Greenback Expat Tax Services
The last deadline for expats with an extension is tomorrow, October 15th. If you are an American living abroad who hasn’t filed this year but has received income, this means you’ll be filing taxes late. Though the phrase better late than never does apply here, you’re going to want to get your annual filing finished […]
Many US expats file their late tax returns and past-due foreign bank account reports (FBARs) through the Streamlined Filing Procedures. This IRS program waives the late-filing penalties for expats who qualify. The streamlined program requires that expats file at least three years of past-due tax returns and at least six years of past-due FBARs. US […]
The IRS’ six new compliance campaigns aim to crack down on noncompliance for American taxpayers – specifically expats. One of the latest campaigns will be seeking out those who are noncompliant in the aftermath of the termination of the OVDP (Offshore Voluntary Disclosure Program). What Was the OVDP? The OVDP was an amnesty program offered […]
The Streamlined Filing Procedures are a great method to get caught up on delinquent taxes if you meet the requirements of the IRS amnesty program. When filing this way, there’s no set timeline for when your late tax returns and FBARs will be reviewed – but the important thing is that you’ve submitted everything to […]
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 […]
The Large Business and International Division (LB&I) of the IRS announced that they are adding six new compliance campaigns, and these are targeting expats and taxes specifically. Though not a lot of information is known about how the IRS plans to conduct these campaigns, expats will want to take a look at our summary below […]
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 […]
When moving abroad, it’s often easy to get caught up in the new and exciting. Expats pick up their lives and migrate around the world, in some cases never intending to reside stateside again. To embrace the “new” of their expatriate adventure, US citizens may overlook their “old” responsibilities, be completely unaware that these still […]
If you’re an American who moved abroad, you may have been surprised by the fact that you have a continued, lifelong requirement to file annual Federal Tax Returns. Expat taxes follow you around the globe for as long as you remain an American citizen, and many expats feel as if they don’t know where to […]
With the April tax deadline just a few weeks away, you’re not going to want to miss our next free webinar: the Top Five Changes to the Tax Laws US Expats Need to Know. From the Tax Cuts and Jobs Act to the proposed Tax Reform 2.0, the tax filing process is a lot different […]
