Tax Tips for U.S. Americans Abroad

We scour and examine the complexities of IRS and state tax laws to make filing taxes as a U.S. expat easy. Read our blog for useful expat tax tips and advice.

New IRS compliance initiative aimed at US expatriates

August 9, 2019

On July 2019, the IRS Large Business and International division (LB&I) announced the approval of six additional compliance campaigns. The one we’re concerned about is the US Expat Compliance Campaign: U.S. citizens and long-term residents (lawful permanent residents in eight out of the last 15 taxable years) who expatriated on or after June 17, 2008, may not have met their filing requirements or tax obligations. The Internal Revenue Service will address noncompliance through a variety of treatment streams, including outreach, soft letters, and examination. What does the new IRS Expat Compliance Initiative Mean? At the moment, the IRS has not mentioned any details behind the execution of the new IRS Expat Compliance Initiative. However, there are already various programs aimed at enforcing tax compliance among Americans Abroad. FATCA: The Foreign Account Tax Compliance Act enacted into US federal law in 2010. This federal law requires non-US financial institutions to report the assets of US citizens and Green Card holders to the US. Denial of US Passports due to significant unpaid taxes: IRC Section 7345 states that in the event at a US taxpayer has $52,000 or more of unpaid taxes, their US passport can be revoked. The IRS began sending…

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Do Expats Pay US Taxes: Depends on How You File

August 2, 2019

Most expats do not pay US taxes because of the Foreign Earned Income Exclusion or Foreign Tax Credit benefits. However, expats still need to file taxes annually, even if they do not owe any taxes to the IRS. This holds true for the massive number of US expats that have gross worldwide income over the filing threshold.

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The Foreign Housing Exclusion for US Expats

August 2, 2019

Home is where the heart is. Whether that’s in the US or a foreign city off the coast of Spain. If you’re an American expat, you have to redefine home while living abroad. We already know that leaving your home in the states to create a new life is not easy. But, American expats do have the opportunity to reduce US taxes by deducting the money spent on a home abroad. The Foreign Housing Exclusion is an expat tax benefit that helps deduct excess housing expenses from your US taxable income!

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Do US Expats Need to File New York State Taxes?

July 19, 2019

Do US expats need to file New York state taxes? Possibly. One thing for sure though, is that all US Citizens and green card holders are required to report their worldwide income to the IRS regardless of where they live and work (just see this post to learn more about that). If you are no longer domiciled (meaning, you don’t consider yourself to have a permanent home in New York or elsewhere in the states that you will return to if your job contract expires) read on. If you still are domiciled in the state of New York, you will most likely need to file a state return every year!

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Do US Expats Need to File Pennsylvania State Taxes?

July 10, 2019

Do US expats need to file Pennsylvania state taxes? Possibly. One thing for sure though, is that all US Citizens and Greencard Holders are required to report their worldwide income to the IRS regardless of where they live and work (just see this post to learn more about that). If you are no longer domiciled (meaning, you don’t consider yourself to have a permanent home in the states that you will return to if your job contract expires) read on. If you still are domiciled in Pennsylvania, you will most likely need to file a state return every year!

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Expat Taxes for Americans Abroad

July 10, 2019

If you’ve recently moved abroad or are currently living overseas, you may have been surprised by knowing you have a lifelong partnership with the IRS. Yes, you must file a tax return every year to the IRS, regardless of where you live in the world. Expat taxes for Americans abroad is just one of those things you got to do. Like brushing your teeth. Here is your handy 5-point guide about Expat Taxes for Americans Abroad, so you, dear expat, can understand the basics of expat taxes and your responsibility within it.

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US Tax Refunds for an American Family Abroad

June 28, 2019

An American family abroad has the opportunity to discover new places and create positive experiences with their children. However, when it comes to taxes, these experiences abroad can quickly go downhill. What most families don’t realize though, is that it may be worth all the tax filing stress!

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Do US Expats Need to File Oregon State Taxes?

June 26, 2019

Do US expats need to file Oregon state taxes? Possibly. One thing for sure though, is that all US Citizens and Greencard Holders are required to report their worldwide income to the IRS regardless of where they live and work (just see this post to learn more about that). If you are no longer domiciled (meaning, you don’t consider yourself to have a permanent home in the states that you will return to if your job contract expires) read on. If you still are domiciled in Oregon, you will most likely need to file a state return every year!

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