Passover 2020
Happy Passover to our clients, family and friends who celebrate. We wish good health to you all.
For U.S. expatriates, choosing whether to file taxes jointly or separately is a crucial decision that can significantly impact your overall tax liability. Each option has distinct advantages and potential drawbacks depending on your unique financial situation and residence abroad. Filing Jointly: The Pros and Cons Filing jointly can often provide benefits such as a…
If you are a U.S. citizen or green card holder living abroad from the United States, your worldwide income is still subject to U.S. income tax, and you will need to file your taxes even if there is no money owed. Contact Expatriate Tax Returns to get started. We make the process easy and make…
Expatriates around the world have a ton of fun and interesting touring options at their disposal. Unfortunately, our clients always tell us that although they now live in outstanding places with wonderful sites to see they just don’t have the disposable time to enjoy them. We like to encourage our clients to keep working hard…
The “A” word – I’m being AUDITED, now what?! The “A” word may be in the top 10 of scariest words ever! Am I in trouble? Was I flagged? Not necessarily. Some reasons your return could be picked for an audit include: random sampling, computation errors, computer screening, excessive deductions, and large charitable contributions. Respond…
US Citizens Turning in their Passports The number of Americans choosing to give up citizenship has risen this past year to over 1,000 Americans! This is caused by the government implementing a new disclosure laws intended to stamp out tax evasion. Some Americans are hoping to avoid the disclosure requirements; while other Americans abroad say…
In the book “The World is Flat” by the award-winning New York Times columnist Thomas Friedman, the author demystifies the brave new world for readers, allowing them to make sense of the often bewildering global scene unfolding before their eyes. He explains how globalization has made the borders between nations virtually disappear and make us…