expat network
greenback tax

Streamlined Filing: How to Catch Up on Your Taxes Penalty-Free

Mark your calendars for Tuesday, October 30th and join Greenback Expat Tax Services for a FREE, live webinar on how to utilize the Streamlined Filing Procedures to catch up on 3+ years of late taxes, penalty-free.  Host David McKeegan, Co-Founder of Greenback will be joined by one of Greenback’s Streamlined Filing experts, and they will...

mortgage

Can I Get A Mortgage As An Expat?

When living and working abroad many British expats want to retain an interest in the UK property market by investing in a buy-to-let property to get a good return or they buy a property for their family or to leave empty so that it is ready for them when they return home.  Expats from other...

us citizenship

How To Renounce US Citizenship, The Costs And Implications

Reports consistently point to the increasing numbers of Americans considering renouncing their US citizenship with the burden of citizenship-based taxation as the major driver.  Up until 2009 there were less than 750 people renouncing their US citizenship annually.  This increased to 1,500 in 2010 and continued to grow peaking in 2016 at 5,409 with a...

taxation

Taxation Of US Expats: The Basics

The basic principle is that Americans living and working abroad are subject to the same tax rules as those who remain in the US.  Americans are subject to US income tax on their worldwide income.  There are the additional reporting requirements of FATCA and FBAR (see Five Things American Expats Need to Know About Foreign...

self assessment

UK Expats: Do I Need To File A UK Self Assessment Tax Return?

If you no longer live in the UK, you may still be required to file a Self Assessment tax return with HMRC even if you’re a non-resident. This article was written exclusively for Expat Network by Go Simple Tax Tax rules for UK residents and non-residents can be different – one of the first...

Filing US Expat Taxes Late

A Step-by-Step Guide to Filing US Expat Taxes Late

Filing US expat taxes late – if you’re behind on your taxes, you aren’t alone. The 2018 US Expat Opinion Survey, which gathered the opinions of over 3,800 expats worldwide, found that nearly 7% of expats were behind on their taxes. Becoming compliant on expat taxes might be easier than you think! Just follow the...

tax compliance

Don’t Miss the US Tax Compliance Boat – OVDP Ends Sept 2018

If you are an American citizen or green card holder living abroad who has unreported assets and income, time is running out to take advantage of a critical Internal Revenue Service (“IRS”) tax compliance program. Written exclusively for Expat Network by Kevin Sweeney, Senior Counsel, Chamberlain Hrdlicka Here’s why. Effective September 28, 2018, the...

Looking To Transfer Your Expat Pension?

Expats generally have the right to transfer their pension abroad into a qualifying scheme. For some, the benefits of doing so are manifold. However, there are risks, and it’s fair to say that you need to tread very carefully when considering all your options, as a significant tax charge can apply in certain circumstances. Written...

Australian Expats Returning Home:  How To Prepare

Simon DePaoli of Moore Stephens lays out the issues regarding financial planning and expat life that Australian expats returning home need to consider – writing from the perspective of an Australian who has done it. Expatriate life is a heady existence. There’s the opportunity to fast-track career aspirations, the novelty of travelling to new countries...

military pension

Why Has My Military Pension Suddenly Reduced?

“Why has my military pension suddenly reduced? Is there anywhere I can find a definitive guide to the Taxing of expatriates’ pensions? I know there are two main categories of expatriates those that are in countries and territories that have reciprocal agreements with and those that don’t.  I know this affects if your pension is...

How Can I Return To The UK To Look After My Mother Without Becoming Tax Resident?

What are the rules on UK tax residency? I am an expat and have been living out of the country for ten years. Last year my sister became terminally ill. She was the main carer for my mother but it is now impossible for her to continue. Please can you tell me what the rules...

offshore banking for expats

What Are The Benefits Of Offshore Banking For Expats?

It is true that offshore banking has sometimes been associated with tax avoidance schemes which give it a bad name.  However, offshore banking for expats can have many benefits, even if there are no tax savings. Expats by definition work away from their home country and will therefore tend to earn in one currency whilst...