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...

The Aftermath Of Brexit : What It Means For Expats

As of 31st December 2020, Britain has officially left the EU. The whole country has been watching the Brexit movement pan out from day one. For many, this is a welcomed outcome that will bring several benefits including no more EU membership fee, new...

5 Disadvantages of Dual Citizenship for Expatriates

Dual citizenship means that a person is a citizen of two countries at the same time. Even though the advantages outweigh the disadvantages of dual citizenship, it is important to know the cons before choosing this complex status. Drawbacks of dual pa...

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...

The IRS Streamlined Procedure is Still a Great Deal for US Expats

Learn How the IRS Streamlined Procedure is Still a Great Deal for US Expats Just over a year ago, a reformed IRS Streamlined Procedure launched, offering US expats who weren't up to date with their tax and FBAR filing a penalty-free path to complian...

Top 5 Reasons to Get Caught Up Your US Tax Returns

Great Tips for Expats on US Tax Returns While there are approximately 7.6 million Americans living abroad, only about half are actually filing their US tax returns as required by the IRS. It may not seem fair that you are required to report your w...

Expat Interview: Sunshine and Taxes

Expat Tax Expert Interview Today we meet Carrie McKeegan, an expat entrepreneur who has found a method of making money via a portable career that allows her to work anywhere in the world. Carrie has started a successful business with her partner tha...

US taxes – The critical differences between the FBAR and Form 8938

In recent years, the US government has implemented new measures to crack down on US expats evading their tax obligations. The newest development is in the form of the Foreign Account Tax Compliance Act (FATCA). This act is designed to help identify t...

5 Great Ways Trailing Spouses Can Earn Their Keep

There’s no end of coverage on trailing spouse syndrome and the potentially damaging emotional effects that can occur when an individual relocates to new country so that their partner can pursue their own career and interests. However, a life damned...