Whether you want to travel or you got a professional opportunity you can’t refuse, you might consider moving overseas. However, things can get overwhelming once you start thinking about logistics and complications, like taxes. Before you move abroad as an...
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...
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...
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...
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...
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...