Changes to tax rates and brackets will be vital for preparing your 2018 returns. On December 22, 2017, U.S. President Donald Trump signed the Republican tax bill, Tax Jobs and Cuts Act. This was perhaps the biggest tax overhaul since 1986 when the Tax Reform Act came into play. And while it has presented changes …

What the New Tax Law Means for Filing Taxes in 2019 Read More »

You might think that consultants, independent contractors and other self-employed individuals (together referred to as self-employed) get a free ride because they do not pay payroll taxes. Not true! Here’s what you need to know if you are a self-employed US citizen living abroad. As an employed U.S. person (not self-employed), you and your employer would pay payroll taxes at the tax rates (and on the relevant wage base) described in the table below. …

Payroll And Self-Employment Taxes For US Persons Living Abroad Read More »

You may have been surprised to learn that you still need to file and pay Federal income taxes, even when you are no longer living or working in the U.S. Perhaps even more surprising: you may still have to file and pay State income taxes.   But it is true! Many States require you to become a resident of another State or country …

A Primer For US Citizens On State Taxes While Living Abroad Read More »

Living abroad and haven’t filed or paid US Taxes in years? Streamlined Foreign Offshore Procedures could give you a break. Are you: a US citizen or “green card” holder living outside the US did not know you had to file US tax returns, file FBARs and pay US taxes while living abroad? Risks of Non-Compliance …

Delinquent Filings And Tax Payments: What US Citizens Need To Know Read More »

With the June 15 tax deadline approaching, you need to distinguish between paying your taxes and filing your tax returns. Let’s get started. If you live in the U.S., by April 17, you had to: Pay your taxes File your tax return or file for an extension If you live abroad, you have an automatic …

2017 Deadline For U.S. Tax Obligations Is June 15, 2018 Read More »

Did you know that all US citizens and “green card” holders must file a US tax return and pay US Federal (and possibly State) taxes? Surprised? Here’s what you need to know as a US citizen living abroad. You may be asking yourself… Even if I have not lived in the US in years? Yes …

All US Citizens And “Green Card” Holders Must File And Pay US Taxes Read More »

Are you looking to sell your U.S. investment property and are a foreigner? Here is what you need to know before you close the sale. When you sell your home or real estate investment in the U.S. you expect to receive all of your proceeds but the title company hands you a piece of paper – a 1099-S anyone? – instead of …

Top 5 Tips For Foreign Persons Selling U.S. Real Estate Investments Read More »

ACT NOW- 2017 TAX TIME IS NEAR! The 2017 deadline for your U.S. income taxes is April 17, 2018 – ONLY 9 DAYS LEFT! The truth is a bit more complex. There are different rules that apply to those who live in the U.S. and those that live abroad. Also, you need to distinguish between paying …

Important Tax Information For American Expats Read More »

U.S. citizens and resident aliens (“green card” holders) must pay taxes on worldwide income. This means that, even if they do not live in the US and earn income outside the U.S., they must (1) file an annual tax return AND (2) pay taxes on any income they earn (regardless of where they earned it). …

More Relief from U.S. Worldwide Taxation Read More »