Greenback Expat Tax Services
When certain foreign trust, foreign gift, or foreign bequest transactions occur, the IRS requires Form 3520 to be filed to report such transactions. But don’t be intimidated: we’ve broken the information down into a simple guide for Americans living abroad – complete with examples! Do I Need to File Form 3520? The following situations will […]
Overwhelmed with tax time? Perfectly understandable! Having to sort through and locate tax documents can be quite overwhelming… maybe even downright stressful. Furthermore, as expats, the typical end of year 1099s or W-2s which can help summarize your tax data are not generated by foreign countries. To make this daunting task a little simpler, we’ve […]
While most taxpayers may be familiar with the need to file tax returns, they may not give too much thought to how the IRS tracks who has filed and who hasn’t. If you said “by Social Security Number,” you’d be right. But what if a taxpayer doesn’t have or cannot obtain a Social Security Number? […]
Rumors have been swirling about the state of the IRS since the government shutdown, including how the tax season would hypothetically be affected by a potential impending e-filing shutdown. Don’t be fooled! We have the facts for expats straight from our experts, many of whom are expats themselves. The Myths Some news outlets are reporting […]
The new year is underway, and it’s the perfect time to get all your burning questions about expat taxes answered. We’ve compiled answers to the most frequently asked questions about state taxes, federal taxes, interest, penalties, and estimated payments for expats. Will I Need to File a Federal US Tax Return? Almost certainly. All US […]
Perhaps you’ve been offered a fantastic new position overseas. Maybe you’ve decided to move abroad to form an exciting new start-up? Or, you might be off to retire to your dream location in an exotic or historic place. Whatever the reason, it’s important to know that the US still taxes you on your worldwide income, and in […]
As we settle into the second week of 2019 all eyes are on the government shutdown – and there’s certainly no shortage of questions about what’s going on or what’s going to happen. To help get these questions answered, we’re taking a closer look at what you need to know about the shutdown, what to […]
2018 was a big year in many ways: government shutdowns, voter turnout during the American midterm elections, and even tax reform. 2018 was a banner year for Greenback, too, and as we reflect on these extraordinary successes, we know we have our expat community to thank. So, thank you, expats all over the world – […]
Congressman George Holding, US Representative from North Carolina, has introduced a bill called the “Tax Fairness for Americans Abroad Act of 2018,” just before the Congressional holiday recess. The bill, also known as H.R. 7358, would exempt foreign income earned by US expats from taxation. This is huge news for all Americans living abroad; let’s […]
It’s time to plan for 2019 if you haven’t already. Though the end of the year can be a difficult time to squeeze in any extra tasks, don’t let tax prep be the task you let slide! Your finances will thank you – we promise. Use our collection of hacks to ensure that your tax […]
