Expat Tax Archives - Expat Info Desk

A US Tax Guide for Americans Living Abroad

As an American who’s relocated abroad, getting acclimated to the expat lifestyle and immersing yourself in the culture, language, and customs of another country, staying on top of your US tax filing obligations and knowing how your living and worki...

Understanding FBAR Filing Process

As a US citizen, you must know how important it is to keep track of your financial records along with your bank accounts and tax payments. However, many people forget FBAR filing for their taxes, which could land them in trouble. If you are an Americ...

UK Pensions As an Expat

Retirement can be the best or worst time of your life. Not having income throughout retirement can be a devastating situation for UK expatriates living abroad. (more…)...

4 Best Ways for US Expats to Reduce Their US Tax Bill

Learn the Best Way for US Expats to Reduce their US Tax Bill American citizens and green card holders living abroad have to keep filing US taxes every year, however, there are strategies available that they can use to reduce their US income tax bill...

What is FATCA? Everything US Expats Need to Know

FATCA is an acronym for the Foreign Account Tax Compliance Act. FATCA was signed into law in 2010 as part of a response to the global financial crisis, to crack down on tax evasion by making it harder for Americans to hide money offshore. Unfortunate...

What is the Foreign Bank Account Report (FBAR) or FinCEN Form 114?

In today’s worldwide economy, it is commonplace for U.S. taxpayers to have financial accounts (banking, pension, investment, etc.) located outside of the U.S. They may be surprised to know that just by keeping money in a foreign account you mig...

Living Abroad and haven’t filed your US tax returns in years

The IRS stepped up its enforcement of America’s citizenship based taxation system requiring all US citizens and green card holders to file US taxes on their worldwide income regardless of where they live. The IRS also realized that it needed to...

Catching up with US tax returns

Are you required to file for US tax returns and FBAR? Whether you are a US citizen who lives at home or abroad, you may be obliged to file a Federal income tax return by the deadline (15th April) if you earned more than the threshold income for t...

FBAR: Foreign Account Reporting Requirements – Everything US Expats Need to Know

FBAR is an acronym for Foreign Bank Account Report, however it’s not just foreign bank accounts that US expats are required to report on an FBAR. FBARs were first introduced in 1970, however they were hard to enforce before the Foreign Account T...

What tax exclusions and exemptions are available for Americans living abroad

Learn About Tax Exclusions and Exemptions that are Available for Americans Living Abroad All US citizens and green card holders who earn over $10,000 a year, or just $400 of self-employment income, are required to file a federal return declaring the...