Welcome to a very special edition of the Weekly Expat Tax News Roundup! Why is today’s edition so special? Because it is the last day to participate in our 2018 US Expat Opinion Survey. That’s right: our survey closes tonight, and then we will be diligently tallying the data about how expats feel about filing US tax returns. Then we’ll share it with you and our expat partners! Be a part of the conversation and take our survey right now.
Qualifying for the Foreign Earned Income Exclusion
As a US expat, you may already be aware that one of the best ways to mitigate double taxation is by qualifying for the Foreign Earned Income Exclusion (FEIE). Once you are eligible, you can exclude up to $102,100 of your income on your 2017 US tax returns, and $104,100 on your 2018 US tax returns. But first, you’ll need to determine your eligibility using either the bona fide residence test or the physical presence test. We’ve outlined the differences for you in this handy guide. But what if you don’t qualify using either? We’ve still got some ideas to keep your money in your pocket.
The Neil Haley Show Interviews Greenback Co-Founder David McKeegan
Meghan Markle, an American citizen and now British royalty, could soon find her US tax returns are now more complicated! Listen to this episode of The Neil Haley Show featuring an interview with Greenback Co-Founder David McKeegan about the expat tax obstacles headed her way.
When You’re Happy, We’re Happy
Thanks, Phil, for summing up your experience so nicely.
The Story of Greenback
If you’ve been following this blog for a while, you probably know that Greenback was started by a couple of expats who were frustrated with the expense and difficulty of filing their US tax returns. You’ll want to read the full Forbes article featuring Greenback Co-Founders Carrie and David McKeegan and their tips for achieving success as a 100% remote business.
Spread the love! If you enjoy working with Greenback and know someone who could use a little help, consider referring them to us. Your friend will thank you and you’ll also receive a $25 credit for tax services. Help your friend and refer them today.
Until Next Time
That’s all the news this week. Don’t forget to take our survey, if you haven’t already, and we’ll reconvene next Friday!