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Do You Pay US Taxes on the Sale of Inherited Foreign Property?

It may be uncommon, but it sometimes passes that an American citizen inherits property in another country after the death of a relative. However, even if the property in question lies outside the borders of the United States, the citizen who now owns it is still...

Do You Have to Pay US Taxes on Foreign Inheritance?

Though the passing of a loved one is undoubtedly a difficult event, it sometimes happens that a person benefits financially from such an occurrence because they are the recipient of an inheritance. In many cases, especially those involving large amounts of money,...

How Can You Avoid Paying US Taxes Abroad?

Though it may seem counterintuitive, moving to another country does not free an American citizen from their tax obligations in the U.S. That’s because the United States is one of only two countries in the world that taxes based on citizenship instead of where...

Does a US Citizen Living in Mexico Pay US Taxes? 

Living abroad may seem tempting but this decision comes with its share of pitfalls as well. Americans who move overseas or across the border to Mexico still have to deal with the Internal Revenue Service and its army of tax collectors The process of...

How Do I File Taxes as a US Citizen Living Abroad?

American citizens who move overseas to live and work can expect to face many new challenges, from navigating cultural differences to meeting new people. Among these challenges is the need to navigate the complex tax requirements that apply to U.S. expats. While many...

Guide to US Taxes for Citizens Living in Canada

Life in a foreign country can be tough, not only because of the cultural barriers that exist between people, but also because of the tax implications. American citizens living in Canada will likely face tax pressure from both the U.S.-based Internal Revenue Service...
6 Common Taxpayer Mistakes