Common US Expat Tax Mistakes and How to Avoid Them

Common US Expat Tax Mistakes and How to Avoid Them Moving abroad can be an exciting adventure, offering new experiences and opportunities. However, amidst the excitement, American expats need to stay mindful of their tax obligations. Navigating international tax laws can be complex, and making mistakes can lead to financial penalties and stress. Below are […]

A Guide for American Citizens Living in Canada to File Their U.S. Taxes

For American citizens, the obligation to file U.S. taxes doesn’t end when you cross international borders. In fact, if you are a U.S. citizen living in Canada, it’s crucial to understand that you are required to file tax returns with both the IRS and the Canada Revenue Agency (CRA). The unique tax laws and treaties […]

Understanding Double Taxation: A Guide for American Expats

American expats living and working abroad undoubtedly encountered the complex double taxation issue. Double taxation occurs when an individual is taxed on their income by their home country (in this case, the United States) and country of residence. This article aims to shed light on double taxation, explain its implications for American expats, and provide […]

Foreign Housing Exclusion

For American expats, the experience of living and working abroad comes with various financial considerations, including taxes. One such consideration is the Foreign Housing Exclusion (FHE), a provision in the United States tax code that relieves expats who incur housing expenses while residing in a foreign country. We have listed below the key aspects of […]

How Do I Pay US Taxes from Overseas?

Paying taxes to the Internal Revenue Service (IRS) is a legal obligation for US citizens and resident aliens, even if they live and work abroad. However, paying US taxes from overseas can be more complicated than paying from within the United States. We have provided some tips and guidance on how to pay the IRS […]

Dependent

A dependent is a person who relies on someone else for financial support or care. This can include children, elderly parents, disabled relatives, or other family members. The term dependent can also refer to someone financially supported by someone else, such as a partner or spouse. In the context of taxes, a dependent is a […]

All about Form 1099

Form 1099 is an essential tax document utilized in the United States to record different forms of income acquired by non-employee individuals from the company or organization they served. The paying entity must provide the form to the recipient and the IRS. There are several types of Form 1099; each form reports different kinds of […]

How to contact the IRS?

The Internal Revenue Service (IRS) is the United States government agency responsible for administering and enforcing the country’s tax laws. If you have a tax-related question or concern and want to contact the IRS, here are various ways to reach them and get the help you need. By Phone One of the most common ways […]

Standard Deduction vs. Itemized Deduction

Deductions on your US tax return refer to eligible expenses or contributions that you can claim to reduce your taxable income, thereby lowering the amount of tax you owe. Tax filers can take either standard or itemized deductions on their US tax return. The standard deduction is a fixed amount tax filers can deduct from […]

Child Tax Credit for Americans Living Abroad

The Child Tax Credit (CTC) is a tax credit available to tax filers with dependent children under 17 years old.  The purpose of the credit is to provide financial assistance to families with children and to help reduce the tax liability of those families. The credit is worth up to $2,000 per child, subject to […]