Keeping on top of taxes is easy enough for the majority of Americans, but for US expats it’s a bit more complex. This is what you need to know about the April tax deadline. To make it as simple as possible, Tom LR Griffiths has put...
For US citizens moving or already living overseas, tax can be a confusing issue. Given that the US is an outlier in taxing its citizens – in that the system is based on citizenship rather than residence – this isn’t surprising. And, with the Biden administration...
As we leave 2021 and embark on a new year, US expats need to be fully aware of tax obligations and what is required for successfully paying taxes and avoiding fines. US taxes can be a challenge for the most experienced taxpayers. Thankfully, there’s US tax...
Many changes are being proposed within domestic US by the Biden administration and on an international basis that will impact worldwide income for global US citizens working at home and abroad. Tom Griffiths is a US expat tax consultant considering what impact these proposed reforms could...
Many American expats often become so engrossed in living their everyday lives in their new country of residence that filing US taxes becomes a second thought. This is especially true when you have a demanding job and family commitments that not only require your attention but...
Expats who live and work abroad often have tax questions about US taxes and require expert advice on the American tax system because it can seem complicated and rather confusing because the US tax system is so unique. To gain tax saving benefits, expats must submit...
The new bill proposed by senior Democrat US lawmaker Ron Wyden is aimed at closing the loophole which allows investors to move from mutual funds to EFTs or exchange traded funds, and as a result, avoid paying tax. This legislation would help generate tax revenues in...
Each year US citizens living abroad are obligated to file their tax returns as they have a legal duty. American citizens must remain up to date with their tax responsibilities even though they live and work in another country. This can seem daunting to many...
The online space is not always a good place to acquire information on expat tax, especially when that tends to be misinformation if not coming from a position of tax expertise. A thread in an expatriate group on Facebook isn’t the best place to discover...
President Biden’s tax plan to raise capital gains is also being considered by other countries worldwide. Biden has suggested doubling the capital gains tax rate for the highest earners in America. Tax experts in the US and EU have suggested that other countries will be having...