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Guide to International Money Transfers After Selling US Property

Selling your house is complicated enough. But if you’re selling it to move abroad, things might get even more complex, especially if you plan to transfer money from the sale internationally. If the seller involved in a real estate transaction in the U.S. is a...

New Beneficial Ownership Information (BOI) Requirements in 2024

Beneficial Ownership Information (BOI) refers to essential details about individuals who ultimately own or control a legal entity. This information typically includes names, addresses, and ownership percentages. Being aware of this information can aid authorities in...

What Foreign Income is Exempt From Tax?

We live in a globalized world, and people often work in one country while retaining the citizenship of another. U.S. expats often work abroad, earning income overseas. Their foreign-earned income may be exempt from their U.S. taxes, at least to an extent. You may...

How to Pay Back (Overdue) US Taxes from Overseas

All Americans, including those who live overseas, have to file annual tax returns with the IRS. If you were unaware of this and owe back taxes, how can you pay them? If you owe taxes to the IRS and you live overseas, you can pay them just as you would if you lived...

Does Dual US Citizenship Affect Taxes?

Having dual U.S. citizenship, meaning you have citizenship with the U.S. and a foreign country, can impact your taxes, depending on where you live. If you live abroad, you will have to claim certain credits and exclusions to avoid double taxation. Having dual...
6 Common Taxpayer Mistakes