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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 Expat Tax Services   Liv ...

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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 future years.       Written exclusively for Expat Network by Eric Scali, Region Tax ...

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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 Rogers, US Expatriate Tax Accountant with Universal Tax Professionals, LLC ...

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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 in 2022.       Written exclusively for Expats Network by Nicolas Castillo,  Managing CPA at ...

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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 Do People Renounce the ...

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Still At Work As An American Expatriate

  The idea of living an expatriate life has always seemed exciting, exotic and alluring. That was before the nations of the world closed their borders, reopened them and—sometimes—closed and reopened them again. Also, that was before a large percentage of the American workforce realized it could accomplish its work without going to work.  What is involved to work as an American expatriate? ...

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Tax Filing 101: How To File Taxes As A US Expat

  Expats who live and/or work in a country other than their home country generally do so temporarily and often for work purposes.  US expats must still file their tax returns in the US even if they become liable to tax in the new home country.  This guide sets out how to file taxes as an expat.       Expats: Do They Have to Pay Taxes? Most expats can completely erase their US t ...

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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 a serious legal offense in the US. It amounts to a felony and can attract hundreds of thousands in penalties if not impris ...

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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 workers leaving the US, you could potentially triple that n ...

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Estate Planning For U.S. Citizens Living Abroad

  Let’s face it, estate planning can get quite complicated, especially if you are a U.S. citizen living in a foreign country. There are tons of different legal procedures you have to follow and documents you have to prepare, and let’s not forget the two different sets of taxes and regulations you must comply with. It’s no wonder most people tend to avoid planning their estat ...

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