Veterans Day
In honor of United States veterans who protected our freedoms. We are humbled and extremely grateful for your service.
Social Security and Medicare are always a big question when it comes to taxes…when do you pay them and when are you exempt?It is really pretty simple, if you are an offshore employee for an American Corporation, then your employer will usually withhold Social Security and Medicare taxes on your W-2 wages.If you are in…
Identity theft occurs when a piece of your personal information is stolen and used to commit fraud. If your data is accessed, it could be used to open new accounts, make unauthorized purchases, or file taxes for a fraudulent refund. The IRS may reach out to you via mail should there be any suspicious activity…
If you are a U.S. expat living abroad, April 15th is the deadline for filing your Foreign Bank Account Reports (FBAR). Our tax experts understand the changing U.S. tax laws and how it relates and affects American expats. Let us take the anxiety and stress out of taxes, so you can rest assured that they…
YOU DON’T HAVE TO FILE A US TAX RETURN BECAUSE YOU LIVE ABROAD Not so! US citizens and permanent residents must file a tax return no matter where they live or earn money, unless they do not meet the standard filing requirements. IF YOUR FOREIGN INCOME IS BELOW THE FOREIGN EARNED INCOME EXCLUSION, FILING IN…
The Foreign Bank and Financial Accounts Report (FBAR) is a form that is required to be filed by U.S. taxpayers who have foreign financial accounts. The FBAR is used to help the government detect and combat international money laundering and terrorist financing. If you fail to file the FBAR, you may be subject to civil…
Realizing that you made a mistake on your expat tax return can be a heart-stopping experience. Don’t worry. The issue can be corrected. What Do I Do When I Notice a Mistake? The best thing to do when you notice a mistake on your tax return is to deal with it. Common errors include forgetting…