As an American abroad, you better have a full knowledge about IRA for US expats. Do you know IRA opportunities and tax savings you can...
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Expat offshore banking: best overseas banks for US citizens
About expat offshore banking for US citizens We are regularly asked about expat offshore banking, best overseas countries, and banks for...
What are the 5 common tax mistakes US expats do?
What are the most common tax mistakes by Americans overseas? Today we want to share the top 5 tax mistakes by Americans living abroad. You...
Are you an American for tax purposes or who needs to file a U.S. tax return?
Are you an American for tax purposes? The U.S. law has different classifications of who and what is considered to be an American...
5 things Americans overseas need to know about US tax reform
What are the important updates one needs to know about U.S. tax reform? The New Tax Bill "Tax Cuts and Jobs Act" presents the first major...
How does tax situation change when a U.S. citizen moves abroad?
As you probably are aware by now, U.S. citizens are taxed on their worldwide income regardless where they reside. If you haven’t heard...
Tax hacks: how to rent your apartment tax-free?
Renting your house or apartment is an excellent way to make some extra money! And now the online platforms make it even easier to achieve...
Taxation of interests in foreign trusts for US expats
The U.S. income taxation of a foreign trust depends on whether the trust is a grantor or nongrantor trust: In the case of a foreign...
Sorting out PFIC problem for US expat living in Canada
We are excited to share another success story of our client, who was facing a problem with PFIC. Check out Robin’s story and learn what...
Tax table: 2017 Federal income tax brackets
Updated on March 5th, 2018 2017 Federal income tax brackets for taxes due April 17th, 2018 There are seven tax brackets and depending on...
How a nomad, US expat, became compliant with US taxes
We are starting a series called "Success story". We share how 1040 Abroad solved US expat's tax problems, which our clients were facing....
Tax penalties for US expats: failure-to-pay and failure-to-file
The topic of tax penalties for US expats can be intimidating and scary. U.S. international tax law can be complicated as well. That is why...
Top 7 Myths about U.S. expat taxes
It’s easy to misunderstand the U.S. tax laws. Many people struggle to sort out the truth about U.S. international taxation because of its'...
Why is it important to file your tax returns?
Taxes can be intimidating not only for newbies but also for pros. It is crucial to understand why you need to file your tax returns and...