Serving your country by enlisting in the United States military is extremely honorable, but it doesn’t change your tax obligations. Whether you’re stationed in the United States or are living abroad as a member of the United States military, you’ll...
You still need to pay U.S. taxes on cryptocurrency gains as an American living abroad. Because of that, expats need to learn the ins and outs of how crypto is taxed in the United States. Generally, cryptocurrency gains can be subject to two taxes: short-term capital...
As a U.S. expat with a life overseas, why do you need to worry about ITINs? If expats have foreign loved ones, they may need to know what ITINs are and how to get them. ITINs are sort of like social security numbers (SSNs) for non-American citizens. They’re used...
As a U.S. expat, you should learn to benefit from various tax incentives, including the Foreign Tax Credit. But what is the Foreign Tax Credit exactly, and what does it mean for U.S. expats? There are many tax credits available to U.S. citizens, which aim to reduce...
When you’re falling in love, the last thing you’re thinking about is taxes. However, taxes are inevitable, and if you have a foreign spouse as an American, you need to know how yours might change. As long as one spouse is an American citizen or resident,...
If you’re a nonresident alien who has recently begun working for an American company, you may have heard of IRS Form 1040NR. But what is it, and what does it mean for you? IRS Form 1040NR is a variation of IRS Form 1040, which American residents and citizens use...