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Tax Implications When Working as an Expat or Foreign Gig
When working as an expat or on a foreign gig, there are a number of tax implications to be aware of. Many countries have special tax rules for foreigners, and these can vary depending on your country of residence and the country in which you are working. To make sure you are prepared, here are…
Starting an LLC as a US Expat Abroad
For U.S. expatriates living in foreign countries, the entrepreneurial spirit knows no borders. If you’re an adventurous American expat considering starting your own business overseas, one of the most flexible and advantageous structures to consider is a Limited Liability Company (LLC). However, the journey to launch an LLC in a foreign land can be complex,…
Going the Extra Mile for Our Clients
The phrase “we go the whole 9 yards” just doesn’t cut it for Expatriate Tax Returns. While that cliche means that a business is willing to go the distance, it’s unclear where the term even came from. At Expatriate Tax Returns, we prefer living by the mantra of going the EXTRA MILE. Here’s why. William…
Moving Abroad Your Life May Be More Complicated Than Ever Before
Relocating can enable you to get a great job, make more money and have a totally interesting change to your lifestyle. Moving offshore creates other issues that need to be considered like: Dealing with foreign currency and exchange rates Language barriers Benefit packages such as health insurance, tuition, housing, transportation Tax rules, rates and regulations…
Paying Interest to the IRS When They Could be Paying it to you?
$3.3 billion – the amount of refund interest the IRS paid to taxpayers in the fiscal year 2021. Did you know that, by law, the IRS must pay you interest on your tax refund if it takes them longer than 45 days to process it? As of June 21, 2022, the IRS had more than twice as…