Thanks for making time for this week’s expat tax news roundup! We’ve compiled the latest news including what expat tax returns are like in Canada, the top five things expats need to know about Streamlined Filing Procedures, the IRS’ new proposed regulations that could affect expat entrepreneurs, and more!
Expat Tax Returns for Americans in Canada
For those Americans who have considered a move to our northern neighbor, check out our guide to expat tax returns in Canada. From due dates to Social Security to retirement funds and savings plans, we’ve summarized the information you need.
Streamlined Filing Procedures
The Streamlined Filing Procedures can help those who are behind on their expat tax returns catch up penalty-free! Find out the top five things expats should know about this valuable program and if they might be the right choice for you.
The Tax Reform, the Repatriation Tax, and IRS’ Brand New Proposed Regulations
The Repatriation Tax is part of the tax reform (Section 965) that affects US owners of foreign business. The IRS has proposed new regulations that will provide guidance into how this tax is calculated. Expat entrepreneurs, be sure to read about how the proposed regulations could affect your upcoming expat tax returns.
How to Raise Entrepreneurs
Speaking of entrepreneurs, have you ever wondered why some children grow up with the entrepreneurial spirit and others do not? Check out this Inc. article by Greenback Co-Founder Carrie McKeegan (a third generation entrepreneur!) with tips on how you can raise an entrepreneur, too.
Tax Home in a Foreign Country
The Foreign Earned Income Exclusion is a provision that allows expats to exclude certain amounts of income from taxation on their expat tax returns. In order to use it, you must qualify via the bona fide residence test or the physical presence test; however, you must also have a tax home in a foreign country. Our guide can help you determine where your tax home is!
Greenback Review of the Week
Wow, thanks, Abdul! We’re so honored you feel that way.
Have Your Friends Heard About Greenback?
Taxes may not be your typical topic of conversation with friends, but if your friends haven’t heard about Greenback, you might want to start talking taxes. Why? Because if your friends complete their expat tax returns with us, you’ll receive a $25 credit toward your next tax prep services with us. No matter how many friends you refer, you’ll get a credit for each one. Refer your friends to Greenback today!
Questions About Your Expat Tax Returns?
We’ve got the answers. Contact Greenback today, and we’ll help you get what you need.