Many Americans living abroad have proclaimed, “I’m so glad I don’t have to file U.S. taxes anymore.” Sadly, many of them get high fives! The taxation of Americans abroad is complex, requiring guidance from someone other than your dad. Many Americans do have U.S. reporting obligations and some penalty exposure. Learn more because the only...

As a US expat, you’re exploring the advantages of life overseas. But there’s one opportunity you don’t want to miss – claiming your U.S. government COVID stimulus checks, otherwise known as Economic Impact Payments, which can amount to up to 3.200 US dollars. The final deadline of June 15, 2024, is fast approaching!  This is not...

While the annual tax season can be stressful for filers, the burden is even greater for Americans overseas. About 9 million U.S. citizens live abroad, the U.S. Department of State estimates. Nearly a quarter of U.S. expats are “seriously considering” or “planning” to renounce U.S. citizenship according to 1040 Abroad. For those looking to renounce citizenship,...

Life can be busy when you’re a landlord. Leaving aside managing your property and tenants, many landlords must also cope with the demands of a job or running a business. Then there’s your own domestic and family responsibilities. The last thing you need hanging over you is a tax return to complete, but we’re steadily...

The digital age has transformed the landscape of work, ushering in the era of the global freelancer. As professionals venture beyond borders, capitalizing on the ability to work from anywhere, many find themselves navigating the expat lifestyle. This global shift brings its own set of challenges, particularly in the realm of freelance income reporting. The...

Living abroad is an exciting adventure filled with new experiences, cultures, and opportunities. However, for US citizens, the complexities of expatriate taxation can often dampen the joy of this global journey. That’s why Expat Network, in collaboration with Greenback Expat Tax Services, is hosting a webinar titled “Navigating the Complexities of US Expat Taxes.” This...

The latest survey results from Greenback Expat Tax Services reveal a complex and evolving landscape for American expatriates, as they face an array of regulatory and financial challenges. Notably, 1 in 5 US expats are contemplating or planning to renounce their US citizenship, and an alarming 42% are not dismissing this drastic measure. This data,...

The US Government’s Covid Stimulus initiative offers a tax silver lining to US Expats and Green Card Holders.  Those with children could receive a double tax windfall in the form of Child Tax Credit.  Tax returns need to be filed by June 15th to take advantage of financial benefits. UK-based US citizens and green card...

U.K. expats living in the U.S. must deal with the same tax obligations as any American citizen, regardless of whether they reside in the country permanently or temporarily. The IRS taxes U.S.-source income for all taxpayers who have established a “tax residence” in the United States and requires that expats file a tax return...

As a digital nomad, where you pay taxes depends on your country of residence. According to United States laws, if you are an American citizen, you are still responsible for paying your self-employment tax on your income, no matter where you live. The US is one of the few countries in the world that...

Making key financial decisions for your business is hard enough as it is, but money matters become increasingly complex when you start throwing in tax terminology and filing practices. But if you’re setting up an online business, it’s a good idea to speak to a professional accountant before submitting your small business taxes in...

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...