Navigating the complexities of U.S. tax laws can be challenging, especially for expatriates investing in foreign markets. One of the most...
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Foreign Tax Credit: A Comprehensive Guide for U.S. Expats
Understanding the Foreign Tax Credit (FTC) is crucial for U.S. expats looking to reduce their tax liabilities. This guide offers a...
California Exit Tax: What You Need to Know Before You Leave
California's proposed exit tax has raised concerns among high-net-worth individuals, entrepreneurs, and retirees alike. As more people and...
Do Expats Pay Social Security Tax?
Yes, some U.S. expats may have to pay Social Security tax, but it depends on where they live, their employment status, and whether their...
Taxation of Foreign Dividends
If you’re a U.S. citizen or resident living abroad, one of the most confusing aspects of your tax obligations is how foreign dividends are...
What is NIIT (Net Investment Income Tax)?
The Net Investment Income Tax (NIIT) is a relatively new tax introduced in 2013 as part of the Affordable Care Act. It applies an...
How To File Taxes Without a W-2 as a U.S. Expat
For many Americans, tax season starts with a familiar form: the W-2 Wage and Tax Statement. It shows your total wages, taxes withheld, and...
How to Renounce US Citizenship in Canada
If you're a U.S. citizen living in Canada, you’ve likely thought about renouncing U.S. citizenship. This guide breaks down how to renounce...
How to File Taxes If Spouse Does Not Have SSN or ITIN
If you're a U.S. citizen or Green Card holder married to a nonresident alien (NRA) spouse, filing your federal income tax return can be...
What Happens If I Miss the Tax Deadline: Expat Edition
As a US expat, understanding your tax obligations is critical—especially when it comes to meeting the tax deadline. While the tax system...
Is It Better to Take Foreign Tax Credit or Deduction?
The Foreign Tax Credit is almost always better than the Foreign Tax Deduction for U.S. expats with foreign income. Why? Because the credit...
Can a US Citizen Living Abroad Claim the Child Tax Credit?
Yes. US citizens living abroad can indeed claim the Child Tax Credit—but there are important distinctions to understand. While expats may...
Is It Too Late to Claim the Stimulus Checks? Details Inside
No, it’s not too late. You can still claim your 2021 stimulus check by filing for the Recovery Rebate Credit on your 2021 tax return....
Schedule B: Reporting Foreign Bank Accounts
U.S. expats with foreign accounts may be required to file Schedule B with their income tax return. This tax form is used to report...