Tax for US Citizens Living Abroad

The New Deferred Compensation Compliance Campaign and Tax for US Citizens Living Abroad

If you don’t keep up with IRS news these days, that’s okay, because Greenback is keeping track of it for you. This past year, the IRS shifted its focus pretty vigorously towards compliance and tax for US citizens living abroad. And recently, the IRS launched six new compliance campaigns. These campaigns give us insight into […]

Smart Money Moves: FIRE for US Expats

FIRE for US Expats: How to Make Smart Money Moves

Many expat entrepreneurs are interested in the financially independent, retire early (FIRE) movement. The tips below can help FIRE for US expats become a reality. FIRE for US Expats Can Become a Reality We’ll begin with some strategies that you should consider if your situation allows. Consider a “Tax-Free” Roth IRA Conversion. In the past […]

Award Winning Tax Services for Expats

Greenback Shortlisted for Awards for Premier Tax Services for Expats

There’s nothing the Greenback team likes more than being recognized for our outstanding services for expats unless, of course, we’re being recognized by a company dedicated solely to the expat experience! Today, we’re honored and proud to announce that we’ve been shortlisted for awards of Tax Provider of the Year, Most Innovative Use of Technology […]

Americans Abroad and IRS Compliance Campaigns

New IRS Compliance Campaign: High Income Non-filers and Americans Abroad

Calling all Americans abroad! The new compliance campaigns that the IRS has launched in recent months are unquestionably aimed toward one group in particular: Americans abroad who haven’t filed their taxes. So, we’re going through the campaigns one by one to get expats the information they need in order to prepare in advance. Read on […]

Impact of Buying and Selling Property on US Expat Taxes

US Expat Taxes: Buying and Selling Real Estate Abroad

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 […]

US Expat Taxes: Form 2555EZ

US Expat Taxes Explained: Form 2555-EZ for the Foreign Earned Income Exclusion

If you are a US citizen living and working abroad, you will likely take advantage of the Foreign Earned Income Exclusion (FEIE) on your US expat taxes by completing Form 2555 or 2555-EZ. The FEIE allows qualifying taxpayers to exclude up to $105,900 of foreign earned income from their 2019 US expat taxes and $103,900 […]

IRS Amnesty Program for Renouncing Citizens

A New IRS Amnesty Program Is Here: Relief Procedures for Certain Former Citizens

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 […]