Moving overseas is exciting but also presents challenges – tax-related challenges. To make tax season easier as a U.S. expat, it’s important that you change your tax residency status. But how can you do that? In order to change your tax residency status,...
As a foreign citizen living in the U.S., it’s important to understand your tax liability in various scenarios. For example, suppose you just received an inheritance. Does that mean you must pay federal or state taxes as a resident alien living in the United...
As an American citizen living abroad, you’re already at a higher risk of getting audited by the IRS. It benefits expats to learn why that is and how to lower their risk of being audited. Simply living abroad and being responsible for completing certain tax forms...
If you’ve recently purchased a home from a foreign person, you might have to withhold taxes from your disposition. Sometimes, homeowners are exempt from these requirements, so it’s important to learn whether or not you are. The Foreign Investment in Real...
Inheriting an estate can be an emotional, complicated process. Unfortunately, there’s more room for confusion when inheritors live abroad. If you’ve recently inherited an estate as a U.S. expat, it’s important to know how estate taxes may affect you....
Although you may live abroad, that doesn’t make you exempt from filing important tax forms with the IRS. When it comes to confusing tax filing requirements, like IRS Form 5471, turn to an accountant you can trust. Americans living abroad generally have to file...