The events of the Coronavirus (COVID-19) pandemic are unlike any we have ever seen before. The outcome of the crisis will play out in our memories and our history books. While the Coronavirus has impacted everyone around the globe, Americans abroad need to stay updated on important changes to tax rules, as well as travel […]
From the Coronavirus (COVID-19) pandemic to new tax rules, filing US expat taxes in 2020 is unlike any year prior. Whether you’re a new expat or you’ve filed taxes abroad for years, our upcoming webinar will tell you everything you need to know to simplify and save on your taxes this year. Register now for […]
Due to the Coronavirus pandemic (COVID-19), the IRS and US government have made critical updates to tax deadlines and rolled out relief programs for Americans worldwide. As a US expat, it’s important to understand how these changes affect you. But it can be challenging to tell rumor from fact amidst the rapidly changing information. That’s […]
The 2017 Tax Cuts and Jobs Act (TCJA) has had a significant impact on US owners of foreign corporations. While US persons have always been subject to US tax on their worldwide income, owners of controlled foreign corporations (“CFCs,” or a foreign corporation with US shareholders that own more than 50% of the corporation) were […]
In 2018, Congressman George Holding, US Representative from North Carolina, introduced a bill called the “Tax Fairness for Americans Abroad Act.” 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 find out what the bill would mean. […]
In 2018, Congressman George Holding introduced a bill called the “Tax Fairness for Americans Abroad Act of 2018” (TFFAAA) just before the Congressional holiday recess. The bill would exclude foreign-sourced from US taxation while the US citizen was a qualified resident abroad. We’ll give you an update on the TFFAAA bill so that you’re up […]
Recently, the 2019 National Taxpayer Advocate Annual Report to Congress and the 2020 Purple Book were released. The Taxpayer Advocate Service (TAS) is an independent organization that works inside of the IRS to ensure fairness and that taxpayers understand their rights. The reports from the Taxpayer Advocate Service show what concerns and focus areas this […]
The Taxpayer Advocate Service, the task force whose objective is to review the IRS and make recommendations to Congress, recently made the public aware that the IRS made a mistake—a big mistake. If you’re a married taxpayer filing separately, find out what implications this could have for you as an expat. What Happened? Think back […]
The US Department of State’s Bureau of Consular Affairs is an agency tasked with protecting the lives and interests of US expats overseas. You may be familiar with them if you or someone you know has experienced births, deaths, disasters, arrests, or medical emergencies during your time abroad. Infrequently, they release data about how many […]
In 2019, the Large Business and International Division (LB&I) of the IRS added 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 so that […]
