expat network
Tax Benefits

Tax Benefits For U.S. Expats Abroad

Are you ready to file your U.S. tax return? In this article we’ll dive into the tax benefits and credits available to U.S. expats, to help you make sure you’re getting every deduction and credit you deserve. Written for Expat Network by Eric Scali, Region Tax Manager for H&R Block...

IRS Tax Penalties

What U.S. Expats Should Know To Avoid Thousands In IRS Tax Penalties

It’s that time of year again—are you ready to file your U.S. tax return? Filing while stateside can be complex enough, and expats have a few extra layers of complications added. In this article we’ll dive into the IRS tax penalties common to U.S. expats, and tips to avoid them this year and in...

Don’t Miss UK Self Assessment Filing Deadline & Other Tips For Landlords

Time is running out for landlords and other Income Tax payers, with the Self Assessment online filing deadline of midnight on the 31 January fast approaching. Miss it and straight away you’ll have to pay a Self Assessment late-filing penalty of £100. Written for Expat Network by GoSimpleTax The penalties...

child tax credit

The Child Tax Credit For Expats

The Child Tax Credit is a significant tax benefit available for American families with children, and in many cases US expat parents living and residing outside of the US can take advantage of the credit, even if their US tax liability is zero.  Written exclusively for Expat Network by John...

U.S. Expat Tax Filing In 2022 – What You Need To Know

Tax season is here once again, and if you’re a U.S. citizen residing outside of the United States, you may not have to pay a tax bill when you file your taxes, but you still have to file. In this article, we’ll look at what’s going to be new for U.S. expat tax filing...

rental income

How To Report Rental Income If You’re A Company Director

Company director income is often made up of a relatively small amount of wages paid through the company payroll, topped up with company share dividend payments, with both taxed accordingly. But what if you’re a company director with income from other sources, more specifically, rental income from renting out property?     Article by...

self assessment

Do You Have Your UTR Number Ready To File Your Self Assessment?

A Unique Taxpayer Reference (UTR) number is a ten-digit code required by all sole traders, partnerships, and limited companies in the UK.  It’s unique to that individual or organisation and remains unchanged forever. You will also need a UTR if you have other forms of income or expenses that require you...

self assessment

Self Assessment Advice For Returning Expats

Whether COVID-19 has uprooted you or it’s just simply time to return to the UK, it’s important to put the relevant tax measures in place before booking your plane tickets. Almost every year, expats return to the UK only to find themselves at odds with HMRC. In most cases, this is...

Everything You Need To Know About Renouncing U.S. Citizenship

Section 349(a)(5) of the Immigration and Nationality Act (INA) covers the loss of nationality under various circumstances, including the voluntary act.  Although permissible, there can be dire consequences if it’s taken lightly. Therefore, in this article, we briefly cover all the aspects of renouncing citizenship so that you can make an informed decision.  Why...

UK Self Assessment payment on account

Payment on Account For UK Self Assessment

Payments on account can be one of the most common stumbling blocks when it comes to your self-assessment tax return. Although it was introduced as an initiative to help taxpayers spread their tax payments, it can often result in annual frustration and can actually harm your cash flow if you are caught unaware. ...

Tax Preparation In The U.S.

Tips And Tricks On Tax Preparation In The U.S.

One of the best things about being a United States citizen is that you get to enjoy many constitutional rights and benefits. Well, this is as long as you abide by the law and, of course, pay your taxes as you should when they are due. As a matter of fact, tax evasion is...

401(K) Or IRA At Risk

Is Your 401(K) Or IRA At Risk If You Don’t Live In The USA Anymore?

As working from anywhere becomes more and more acceptable globally, it is understandable that many US citizens are opting for working or living abroad. In 2015 alone, there were an estimated 181,000 US citizens living just in the UK. Fast forward six years, with a pandemic expediting the working nomad lifestyle globally and foreign...