Living as an expatriate offers incredible opportunities for personal and professional growth, but it also entails certain responsibilities, particularly when it comes to taxes. Whether you’re a digital nomad, an international entrepreneur, or an employee stationed overseas, being aware of upcoming tax deadlines is crucial. Here are some key dates to keep in mind: April…
The United States has a complex tax system, and that system becomes even more complicated when you factor in foreign investment income. If you’re a U.S. citizen or resident alien with foreign investment income, you’ll need to know how to handle the taxes on that income. This guide will cover the basics of taxes on…
Unexpected events happen to everyone. Unfortunately, some people must make necessary financial sacrifices to withstand such circumstances. One of the sacrifices people make is withdrawing from their retirement early. This quick-cash method can produce significant tax penalties if enacted. Consider the following information before pulling from your retirement early: Flexibility Within 401(k), 403(b), and 457(b)…
Monday, April 18, is Tax Day 2022. Tax Day is the deadline to file your taxes or file for an extension. Don’t let this day approach without a plan to file. Expatriate Tax Services is here to assist you with your tax filing. No matter how complex your situation may be, we can complete taxes…
Earlier this year, Congress approved the Child Tax Credit (CTC) to assist millions of families who have been financially affected by the pandemic. As of September 15th, those who qualify for the CTC can expect to receive their September payment. Those who have requested paper checks should allow for a few more days, although some…
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…
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