State taxes may seem like a straightforward topic for an American living abroad, but moving to another state – or even another country – doesn’t exempt a taxpayer from their obligations to either the federal or state government (at least, not...
Expats have to deal with a whole host of tax concerns that domestic Americans don’t, not only when filing an income tax return but also when reporting assets and financial holdings. For U.S. citizens living abroad, that means a lot more paperwork – and a...
American expatriates, recent immigrants, and wealthy individuals make up a diverse cross-section of the American population. However, there is at least one thing that each of these groups has in common. That is, an individual belonging to any of these groups are far...
The IRS and Department of Justice have adopted an array of tactics in their ongoing efforts to combat offshore tax fraud. The U.S. Congress has authorized a number of additional reporting requirements under FBAR and FATCA. Under these laws, all U.S. taxpayers are...
In recent years, it seems that the trend is for the tax obligations of expatriates to become increasingly complex each tax year. In the late 2000s, the Report of Foreign Bank Account (FBAR) obligation was enforced for the first time in the modern era. However, this...
As the winter holidays and New Year approach, taxes are likely the furthest item from your mind. However, regardless of whether you live in the United States or abroad as an expat, it is important to begin thinking about taxes and engaging in tax planning. Compared to...