Have you heard of the Bona Fide Residence Test? Meeting the bona fide residence test will allow an expatriate to qualify for the foreign earned income exclusion. If you are a resident of a foreign country for an entire tax year, from January 1st to December 31st, you may meet qualifications for the Bona Fide…
The tax filing deadline for expats is June 15th, 2021. Expats receive an automatic extension on U.S. filings. The IRS has not issued any changes to this deadline this year. Any payments owed for 2020 are overdue to the IRS. If you inadvertently forgot or didn’t know you owed, contact us as soon as possible…
Concern and confusion around stimulus check eligibility have been a major topic for U.S. expats. If you are a U.S. citizen or resident with a Social Security number and are within the income brackets, and are not claimed as a dependent by someone else, you qualify for the stimulus checks. All first and second Economic Impact…
Federal tax filings and payments for 2020 are postponed until May 15th, 2021. Expats automatically have until June 15th to file but payments must be made by May 15th. This is to help taxpayers that have been impacted by Covid-19 to have additional time needed to make payments without enduring any penalties. The IRS recommends…
Although we are not sure of the “how”, here is a recap of the benefits you can expect sooner or later if your taxable income is up to $75,000 for single or married filing separate taxpayers, up to $112,500 for heads of household or up to $150,000 for taxpayers filing married joint: If your income is…
Each state has its own tax laws and requirements for expat tax filing. If you are unsure whether or not you need to file for your state, contact Expatriate Tax Returns. Our professionals are here to help you through the process and make tax filing easy.
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