Greenback Expat Tax Services
As an expat, understanding how tax treaties and totalization agreements will impact your tax situation is essential. A tax treaty is an agreement between the US and a foreign country that provides relief for those who would otherwise be subject to taxation in both countries. As a US citizen or Green Card holder, you are […]
The United Kingdom is a popular destination for American expats. As such, more and more Americans are purchasing homes there. Since Brexit, the United Kingdom has seen declines in the value of its currency and home prices, both of which affect property owners. While the housing market may be stagnant at the moment, changes to […]
Understanding your US taxes can be complex, especially with the additional requirements you have as an expatriate. But imagine the complexity of tax reporting for frequent travelers who don’t spend a lot of time at home! US taxes for pilots and seafarers is no walk in the park, that’s for sure. But, knowing these requirements […]
As an expat, no matter where you live and work, your US and foreign income is subject to taxation. The fact that the majority of countries around the world also require you to file and pay tax locally makes the matter even more complex. To avoid double taxation, the US allows you to take a […]
If 2020 is anything like 2019, then we are in for another big year of tax changes. Tax changes are certainly on their way. Some will be of the regularly-scheduled variety and others may come as a surprise. Though we can’t predict the future and accountants are prone to wild speculation, let’s take a look […]
As we approach the next tax season, we could all use some good news, right? Well, the IRS is making strides toward becoming less rigid, being more flexible, and saving the taxpayers time and money. The latest International Revenue Service Advisory Council (IRSAC) Public Report reviewed the IRS’ penalty process and recommended changes that might […]
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 […]
FIRE for US expats: what does it mean? Well, for those who weren’t in the know already, FIRE stands for financial independence, retire early. Our advice below is aimed toward helping you avoid the mistakes that can make FIRE for US expats impossible. While there are numerous ways to maximize your financial savings as an […]
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 […]
“The hardest thing in the world to understand is the income tax.”- Albert Einstein If Albert Einstein, purportedly one of the brightest minds in known history, found income taxes hard to understand, it is not surprising that more ordinary minds (us!) have a hard time understanding it, too! Being Behind on Your Taxes Is Not […]
