As tax season kicks off in late January, the Internal Revenue Service (IRS) anticipates that approximately 140 million taxpayers will file their returns in 2025. Among these are U.S. citizens ...
Retiring abroad has lots of advantages, but reducing your tax bill isn’t one of them. As long as you’re a U.S. citizen, you’ll still be required to pay U.S. taxes on income from your ...
Speak with a U.S. tax attorney or accountant with experience helping Americans abroad address their U.S. tax obligations. Your current tax advisor may not be familiar with this part of the tax code.
Owning real estate property overseas can be a great investment. U.S. cross-border tax planning and fully understanding U.S.
About 5.2 million Americans live abroad — more than the populations of Chicago and Houston combined. Under the U.S. system, they owe income tax not only to their country of residence but to the ...
Esquire Group’s Jimmy Sexton says a proposal to transition the US to a residence-based taxation system improves on FATCA but ...
Expats must also understand their tax obligations ... annual tax filings for American expats. “The U.S. is one of the few countries that requires citizens living abroad to file taxes,” says ...
Opinions expressed by Forbes Contributors are their own. Matthew F. Erskine is a trusts and estates attorney. After four years of the first Trump term marked by divisive politics, erosion of ...
Living abroad as an expatriate offers exciting opportunities, from career growth to cultural immersion. However, managing tax ...