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If I Owe US Taxes but Live Abroad, Can I Return to the US?

Owing taxes to the IRS while living abroad can put you at risk of losing your U.S. passport. If owe taxes to the U.S. but live abroad, you might not be able to return to the U.S. until you settle your debt with the IRS. In fact, your U.S. passport might be revoked,...

Expat Tax Planning Guide

Planning and preparing your annual tax return is already stressful enough. But what happens when you move overseas? How can you plan your taxes as an American expatriate? Tax planning is a process that involves reviewing your tax filing requirements and looking into...

What Should You Do with Your Roth IRA When Moving Abroad?

While you might be spending the next few years in another country – or even the rest of your life – it is still important to plan for retirement.  Many people use IRAs because they are a unique, well-structured way to save money and leverage tax-free...

Streamlined Offshore Tax Filing Compliance Guide

If you live abroad and were unaware of your American tax liability until now, the streamlined offshore tax filing compliance procedures provided by the IRS might allow you to avoid penalties. The IRS has an amnesty program that allows expatriates who have failed to...

International Information Return (IIR) Tax Penalties Explained

If you have foreign financial accounts overseas, or engage in other financial activity abroad, you might have to file several international information returns (IIRs) with the IRS. Such reporting requirements apply to all taxpayers, even expatriates. International...
6 Common Taxpayer Mistakes