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Will My Individual Taxpayer Identification Number (ITIN) Expire?
Moving to the United States and maintaining a job there can be very beneficial, but also very stressful – not least because of the convoluted tax payment and reporting requirements imposed by the U.S. tax code. Even those who choose to stay in their current...Cryptocurrency Tax Reporting Requirements for U.S. Citizens Abroad (Expats)
Even in the most straightforward cases, filing taxes with the U.S. government can be a stressful endeavor, not least because mistakes lead to penalties that can eat into your return and may even result in legal trouble. Add unusual circumstances into the mix –...Do You Have to Pay US Taxes on Foreign Income?
In the United States, taxes are levied based on the taxpayer’s citizenship, not the geographical location of the taxpayer. Income that United States citizens make in other countries—whether it’s earned income, unearned income, variable income, or...Do US Citizens Have to Report Foreign Real Estate?
United States citizens who move to other countries still need to file their taxes and report their assets, which means that they have to report the real estate that they own in other countries. It’s easy for U.S. expats who own real estate to feel overwhelmed by...Do You Get Double Taxed in The US If You Work in a Different Country?
United States expats who are residing in other countries may wonder: “Will I get taxed twice while living in another county?” The answer is: it depends. If you are a United States citizen, the IRS wants you to pay taxes regardless of where in the world you...