US Expats: Remember June Tax Deadlines
June is a very important time of year for US expats. Your expatriate tax return is officially due this month, along with your Foreign Bank Account Reporting (FBAR), if you meet the filing threshold. Here are the facts you should know so you can be prepared as the deadlines approach. US Expat Taxes As...
China Builds Foreign Talent Database
China is to build a database of overseas talent as part of a digital platform to match foreign experts with potential employers, a senior official has said.China Daily reports that the platform, the first project of its kind in the country, will include all legally employed foreign workers’ nationalities, areas of expertise and industry, their...
How To Raise A Mortgage On Foreign Property
Despite the tricky financial climate, many Britons are still taking the plunge and emigrating, or buying a second home abroad. But if you want to raise a mortgage to buy an overseas property there are many different underwriting obstacles you may come up against, says overseas mortgage professional Simon Conn. Once you have seen the...
Predicting The Foreign Exchange Market
There are numerous options that can help you minimise the impact of adverse exchange rate movements on your funds transfer. Nobody can accurately predict future exchange rates consistently and people should be very wary of dealers who claim they can. While keeping in touch with exchange rate fluctuations is important, most people will be better...
US Expats: Learn About The Statement Of Specified Foreign Financial Assets
In an effort to curb tax dodging by United States citizens with foreign assets, Congress passed The Hiring Incentives to Restore Employment Act. The act imposes a new reporting requirement for foreign financial assets, in addition to the requirement of filing an FBAR. The new law applies to specified persons with specified foreign financial assets which...
Five Things American Expats Need To Know About Foreign Bank Account Reporting
If you live abroad, chances are you have heard about FBAR and FATCA—but do you really know what they are and whether or not you need to file? It’s important that you fully understand because the penalties for failing to file if required can be steep! So let’s take a look at the five things...
Top Five Things to Be Aware Of Before You File Your US Taxes
It’s that dreaded time of year again—tax time! While US expats may cringe at the thought of filing US taxes, understanding the important US tax laws will make the filing process a lot easier By David McKeegan If you are a new expat, new to filing US taxes abroad or filing on your...