05/07/2025
Once upon a time, moving your money overseas meant it could quietly stay overseas. In 2025? Your bank is practically CC’ing the IRS—and its international cousins—before you’ve even filed your own taxes. Thanks to FATCA (the Foreign Account Tax Compliance Act) and the Common Reporting Standard (CRS), global banking transparency isn’t optional anymore. Banks, investment […]
04/28/2025
Living abroad may change your view, your routine, and your favorite snacks—but not your tax obligations. As long as you’re a U.S. citizen or green card holder, the IRS still expects you to file—no matter where in the world you live or work. That includes digital nomads, retirees, self-employed entrepreneurs, and remote employees. The problem? […]
04/25/2025
Living abroad comes with plenty of perks: better weather, stronger coffee, and the chance to reinvent yourself at least once a year. But even if you’ve traded New York for Hong Kong or settled into a cozy village in the United Kingdom, one thing still follows you: U.S. taxes. That’s why the right expat tax […]
04/25/2025
You can leave the country—but you can’t leave the IRS. Unlike most countries, U.S. taxes are based on citizenship, not residency. That means if you’re a U.S. citizen or green card holder, you’re required to file a federal income tax return every year—even if you’ve spent the entire tax year sipping espresso in Rome or […]
04/25/2025
Trump is back in the White House—and taxes are back on the table. With his re-election in 2024, President Donald Trump has reignited one of the biggest financial debates in America: what happens next to your federal income taxes. At the heart of it? The Trump tax cuts of 2017, many of which are set […]
04/07/2025
So, you’ve just discovered you were supposed to file a Foreign Bank Account Report (FBAR), maybe a Form 8938, and include that income from your old investment in the Cayman Islands. Whoops. Deep breaths—you’re not the first (and definitely not the last) U.S. taxpayer to miss the fine print on international tax reporting. That’s where […]
04/17/2025
If you’re a U.S. taxpayer living stateside with unreported foreign accounts or income, the words “offshore compliance” probably don’t inspire joy. But here’s the good news: the Internal Revenue Service (IRS) knows mistakes happen—and they’ve created a pathway to help you fix them (before things get expensive). It’s called the Streamlined Domestic Offshore Procedures (SDOP), […]
04/29/2025
Most Americans know basic tax concepts and terminology, like income, credits, deductions, and exclusions. Phrases like modified adjusted gross income (MAGI), on the other hand, aren’t always as well known. If you’re not familiar with MAGI, it can benefit you to read up on the concept. After all, understanding your MAGI can help you reduce […]
05/06/2025
The UK beckons to expats worldwide. From cosmopolitan cities like London, world-class soccer games (or football, as they call it) in cities like Manchester, and quaint rural escapes in places like Suffolk… the list of reasons to move to the UK goes on. Combine that with a diverse population, a strong national healthcare system, and […]
01/17/2025
Millions of Americans living abroad face the burden of citizenship-based taxation (CBT), which requires them to file and often pay taxes on their worldwide income regardless of residency. The US is one of only two countries with such a system. Now, a proposed residence-based taxation (RBT) bill is sparking hope and debate among expats. What […]