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What Happens if a U.S. Expat Files Their Taxes Late?
So, you live abroad. After moving to a foreign country and getting adjusted, you might realize that you’ve neglected your taxes. Or, you didn’t know you still needed to pay them. Knowing what happens if a U.S. expat files their taxes late can help you...How Do I Report Foreign Inheritances to the IRS?
Receiving an inheritance isn’t always simple, especially when it’s from a foreign relative or loved one. That being said, foreign inheritances do have an upside; they’re non-taxable, depending on certain variables. Despite that fact, you still need...Do Green Card Holders Pay Taxes on Foreign Inheritances?
Getting your green card is exciting. It provides an opportunity to explore the United States and become a member of the global community. That being said, learning how the U.S. Tax Code applies to you can be confusing. Taking it step by step can make it easier to...Do You Need to Report a Foreign Inheritance to the IRS?
Receiving an inheritance doesn’t mean you can just transfer a large sum of money to your bank account, especially if you’re an American expatriate. While you might not be taxed on a foreign inheritance, you will most likely need to report it to the IRS....What Can Happen if You Do Not Report Crypto Gains on Form 8938?
Cryptocurrency has become a popular way of increasing personal wealth across the world. For American citizens living domestically and abroad, crypto gains must be reported over a certain amount, even if it’s held or acquired outside of the United States. But...