Not filing taxes while living abroad?

April 26, 2018

“I am not filing taxes while living abroad… Am I in trouble?” ”The IRS will easily forget about me….’’  ‘’So what if I miss a year or two…or three of filing my taxes?’’ Are these questions haunting you at night? Not filing taxes while living abroad may seem a lot more innocent than Al Capone’s tax evasion conviction, however, you can still get in some serious problems.

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Tax deadline for expats – is it April 15th?

April 13, 2018
Tax deadline for expats

Life as an American abroad is exciting, challenging, and generally busy. However, the seemingly small but important things (like remembering the tax deadline) tend to go over our heads. No worries though, we’re here to give you some straight answers and hopefully peace of mind!

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How to prevent paying state taxes as an expat

April 4, 2018
prevent paying state income taxes

Do you need to file and pay state taxes as an expat? We got the answer! We’re pretty sure U.S. federal and state taxes as an expat are the last thing on your mind. As an American expat, you’re too busy adjusting to the culture and navigating your way through the foreign country you now call home! That’s why at MyExpatTaxes we want to make sure that doing federal and state taxes as an expat will bring you the LEAST amount of stress and worry. Our one-of-a-kind expat tax software has all the forms, questions, and support you need to walk through the process of ‘’doing taxes’’ swiftly and easily (and in under 30 minutes!)

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Beta Tester Criteria

March 22, 2018

Last October, we decided enough was enough… filing taxes as an American expatriate shouldn’t be so difficult! So we set our eyes on the prize and got away to translating complex and intricate tax laws into code, and developed a user-friendly expat tax software. Less than six months later, here we are, opening up MyExpatTaxes to an exclusive group of American beta testers, which can include you!

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Expat Filing Requirements

February 16, 2018
tax filing requirements

The phrase “tax season” generally triggers some amount of stress which may or may not be accompanied with eye twitching. This tends to compounded even more when you are filing as an expat. However, fear not, below is our handy list of must-know filing requirements for our fellow American expatriates. This will hopefully ease some of your stress as we embark on this filing adventure together.

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What Forms Does an Expat Really Need?

February 16, 2018
What Forms Does an Expat Really Need?

With a million IRS forms to shift through every year (we might be exaggerating, but it does feel like it sometimes!), we decided that it was our sole responsibility to make filing (and the entire experience) as easy as possible for our fellow American expats. Here is our list of IRS tax forms and schedules that are most commonly used by people like us (namely American expats).

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The Differences Between Form 2555 and Form 2555-EZ

February 16, 2018

With so many available forms on the IRS’ website it can be confusing to find out the right one to use and what the differences between some forms even are. Two forms that many expats use when filing are Form 2555 and Form 2555-EZ. But why would an expat want to use one of these forms? Well, one of the tax breaks for expatriates is the Foreign Earned Income Exclusion. This means that when an American moves abroad, he or she can exclude foreign earned income up to $102,100 as of 2017 from U.S. taxation. So for example, an expatriate making $80,000 overseas might not need to pay any additional U.S.taxes (although he or she are definitely still required to file IRS Form 1040 and claim the exclusion). But if the expatriate makes $105,000, a tax must be paid on the difference between his or her salary and $102,100, or, in this instance, $2,900. It’s easy to see why an expat would like to claim foreign earned income exclusion; as we doubt that many of you out there enjoy being taxed twice on your hard earned income.

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U.S. Source Income vs. Foreign Income

February 16, 2018
5 euro

A lot is said about the Foreign Earned Income Exclusion (FEIE) and the Foreign Tax Credit (FTC) in the U.S. expat community, but little is said about how income is classified. The IRS tax rules state that for both the FEIE and the FTC stipulate that the income being excluded or used for credit must be foreign earned income. But sometimes determining where your income is sourced can be the tricky part.

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