Welcome to this week’s expat tax news roundup! This week we are featuring the 2018 US Expat Opinion Survey, NBC’s coverage of accidental Americans, what US owners of foreign businesses should know about the tax reform, and the upcoming June deadline for US expatriates’ tax!
2018 Expat Opinion Survey – Enter to Win a $1,000 gift card!
Time for some expat trivia: did you know that 90% of US expats think they shouldn’t have to pay taxes? More importantly, do you agree? We’d love to hear your thoughts in the 5-minute expat opinion survey. The survey will be open for only a couple more weeks – if you haven’t taken the survey yet, now’s your chance! Let us know what you think about the situation those paying US expatriates’ tax are facing, and enter for a chance to win a $1,000 Hotels.com gift card while you’re at it.
NBC recently did a feature on “Accidental Americans,” or people who are considered US citizens but were unaware of the obligations that come from being born in America, often having spent extremely little time in the country. Watch the video or read the full article to find out how some are pushing back against US policies on expat taxation.
Tax Reform Update for US Owners of Foreign Businesses
The IRS clarified a component of the tax reform that could have a significant effect on US citizens who own foreign businesses. The calculation of the 965 inclusion – a one-time repatriation tax – has been explained. Wondering if you will be affected? We’ve summarized what you need to know.
The June Deadline Approaches
You may already know that expats receive automatic extensions to June 15th to file their tax returns. But did you know that interest on US expatriates’ tax owed begins accruing as of the April deadline? Find out how to meet the deadline and much more.
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Thanks for Coming!
That’s all the expat news we have for you this week. We’ll be back next Friday with more expat updates. Until then, we’re available to answer any expat tax questions you have; we’re here to help!