Great question! Unfortunately our answer won’t be as great… it all boils down to the US tax law: “If you are a U.S. citizen or resident alien, the rules for…
You may wonder if you need to pay US taxes as an expat because you typically need to file a US tax return. The truth is – it’s a fact…
You may wonder if there are exceptions for US expats regarding having to file a US tax return. First off, the following individuals need to file US taxes: US citizens…
Here are the deadlines for filing your 2021 taxes in the 2022 tax season: April 18th: The US tax filing deadline for US taxpayers living with the United States., and…
With MyExpatTaxes you can file for an extension on your US taxes in a few simple steps. Best of all it’s completely FREE! Here you can find a step by…
There are two ways you as a US expat can avoid penalties from the IRS: File your US tax return with MyExpatTaxes or request an extension by June 15th every…
Do you need to make up years of back taxes? Maybe a couple of FBARs or two? No worries because the Streamlined Procedure can help you get back on track,…
Married couples who file jointly and are both US citizens/Green Card holders with a valid Social Security Number or ITIN can file jointly using the Streamlined Procedure. Keep in mind…
US citizens and Green Card holders are taxed on their total worldwide income. Does that mean that you will be double taxed? Not if the country in which you made…
If you have not formally renounced your Green Card, you are still considered a Resident Alien for tax purposes and are required to file a US tax return to report…
When you are late in your payments, the IRS will ask you to pay them interest. When they are late in their refunds to you, they will return the favor…
Crypto are treated like investments like stocks and any capital gain/loss is reported on Schedule D. Here are some other points to know: The cost basis is the amount of…
Short term and long term sales are reported differently on your tax forms, that’s why we need the Date Acquired and the Date Sold. In some cases, the reports from…
How can expats contribute to their US Roth IRA? First let’s look at what an IRA is: Roth IRA: You can make monetary contributions that already had taxes paid (i.e.:…
An IRS Form is commonly used to collect information from freelancers, independent workers, or workers who aren’t employed in a company but have completed work. If you earn more than…
If your spouse is not a US citizen or Green Card holder, then he/she does not need to be included on your tax return. Instead, you should file as “Married…
If your spouse is not a US citizen and has no Green Card, then he/she does not need to be included on your tax return. Instead, you should file as…
There is always an option to renounce your US citizenship if you want to avoid US taxes. After renouncing you wouldn’t be required to file your us taxes anymore. However,…
It’s simply the law that if the tax exclusions and benefits still make you susceptible to paying US taxes, you need to do it. This tax-paying duty from the IRS…
While you should always have documentation of your income, if you are confident in your input and estimate on the higher side when it comes to income earned, you can…
Yes! You will need to contact your local Embassy or Consulate for an appointment. You do have to make sure to do it in person because The Social Security Administration…
Yes, you can apply Social Security Numbers for them. If you have an extension filed in place, you have until October 15 to submit your tax return. But please be…
Short answer – it depends. There are three main factors that determine whether you owe state taxes as an expat: The legitimacy of your domicile (legal residence) abroad (meaning, your…
Foreign earned income is income from services performed abroad that you actively worked for (i.e. as an employee, self-employed). Foreign investment income does not count! Learn more about foreign sourced…
With the Foreign Earned Income Exclusion (FEIE) you can exclude up to $108,700 from income taxes. There are 2 criteria: 1. If you work full time in a foreign country…
When it comes to deduction for donations and charity: Only donations to qualified organizations can be included. Additionally, you may check on this IRS website if your organization is eligible…
You only need to report rental property if you are making income out of it (such as in the case of renting out your home/property), or when you sell it.
Yes! The Foreign Housing Exclusion allows you to deduct the excess of housing expenses, paid by employer provided amounts that are over 16% of the FEIE amount of that year.…
When you’re a US Citizen or a Green Card Holder, you may claim the stimulus check wherever you are as long as you’re eligible and you’re filing US Taxes (or…
Usually, when you file a US tax return, you’ll be asked to provide your US banking details, which is where the IRS direct deposits any refunds you may have. If…
The short answer is, yes – you can still claim stimulus checks if you’ve missed the deadline – and if you’re eligible. You’re eligible for stimulus payments if: U.S. residents…
The Recovery Rebate Credit, in essence, is a tax credit that you’re able to use against your US income taxes as an American living abroad. This credit was paid in…
Many self-employed individuals are actually common-law employees, who operate as regular employees, just on different contract terms. According to the IRS, under common-law rules, if the company you work for…
Filing Form 2555 (The Foreign Earned Income Exclusion) is commonly used by US citizens who live outside the US. The FEIE allows any taxpaying qualified US expat the right to…
Reimbursements from your employer can be considered taxable benefits or non-taxable, depending on various factors. Here are a few examples and guidelines: Non-Taxable Reimbursements: Typical non-taxable reimbursements can include travel…
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