Are you an American expat living abroad? If so, it’s important to make sure you are maximizing all the deductions and credits available to you on your US expat tax return. Proper tax planning and preparation can help you save a significant amount of money and ensure you are in compliance with ...

Are you an American expat living abroad? If so, it’s important to make sure you are maximizing all the deductions and credits available to you on your US expat tax return. Proper tax planning and preparation can help you save a significant amount of money and ensure you are in compliance with ...

FATCA stands for Foreign Account Tax Compliance Act. As per this act, individuals having financial assets abroad are required to report those assets at the time of filing a federal tax return as per the FATCA filing requirement. Foreign financial institutions are required to report their US account ...

Since 2020, the US government has awarded three sets of checks ranging from $600-$1,400 to US residents who meet specific qualifications. Americans residing overseas are entitled to get checks, and if you have eligible children, you might receive an additional $500 to $600. What happens when you rea...

If you are an American living abroad who is concerned about filing your US expat tax return by the 15th of October, you may rest easy. You may qualify for a tax filing deadline extension until December 15! Remember that this additional extension is only available to those who were already granted an...

US citizens living abroad do have certain obligations towards US Taxes. The government has some rules and regulations relating to the taxes applicable to their citizens living in a foreign nation. US citizens living abroad are eligible to claim the foreign earned income exclusion if they fulfill par...

Buying a home is a lifelong dream for many and purchasing a property abroad comes with many conditions. US Citizens do buy properties abroad for settling there, for investment purposes or simply as a holiday home, or after a retirement plan. While buying a property abroad, many points need to be con...

The citizens of the United States often move to other countries, due to official reasons, career prospects or some personal reasons. In this immigration process, one of the most important things people need to take care of is US citizens living abroad taxes. As per the Internal Revenue Code, the tax...

The effort of combing through and comprehending the US tax code can be intimidating. And for US expats, the information is much more complicated and perplexing. We’ve developed a list of the top 25 points as tax advice for us expats that all expats should consider while paying US expat taxes t...