Blog
What Is IRS Form 8938?
Regardless of where they live, American citizens must file taxes in the United States. That includes American expats who retain their citizenship. Because of this, it’s important to understand the various additional forms expats are required to file regarding...Is Cryptocurrency Reported on Form 8938?
Moving overseas doesn’t absolve U.S. citizens from paying taxes. It also doesn’t excuse them from reporting their financial assets. Currently, the IRS views cryptocurrency as property. Because of this, it’s important for American expatriates to...What Country is the Best Place to Live to Minimize Your Taxes?
Becoming an expatriate doesn’t mean that you’re no longer an American citizen. As long as you remain a citizen of the United States, you’re required to pay taxes to the American government. But expatriates may wonder if they’re perhaps paying...Do You Need to Fill Out IRS Form 3520 if You Received a Gift from a Foreign Person?
If you or someone you know has received a gift of a substantial value from a foreign person or other source, the IRS probably wants to hear about it. Many U.S. taxpayers are faced with this quandary every year, and the system for disclosing is somewhat...Difference Between Residency-Based Taxation and Citizen-Based Taxation
American expatriates may be responsible for two sets of taxes. Countries have different tax codes and rules. Some may require you to pay taxes because you’re a citizen, others because you’re a resident. As a U.S. expatriate, it’s important to...