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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...

Tax Implications When Forced Home to the U.S. From Abroad

Living and working abroad can be a great experience, but it does not always end the way we want. Due to circumstances beyond their control, some people may be forced to return home to the U.S. suddenly. This can be difficult for numerous reasons, including paying...

If I Owe US Taxes but Live Abroad, Can I Return to the US?

Owing taxes to the IRS while living abroad can put you at risk of losing your U.S. passport. If owe taxes to the U.S. but live abroad, you might not be able to return to the U.S. until you settle your debt with the IRS. In fact, your U.S. passport might be revoked,...

Expat Tax Planning Guide

Planning and preparing your annual tax return is already stressful enough. But what happens when you move overseas? How can you plan your taxes as an American expatriate? Tax planning is a process that involves reviewing your tax filing requirements and looking into...

What Should You Do with Your Roth IRA When Moving Abroad?

While you might be spending the next few years in another country – or even the rest of your life – it is still important to plan for retirement.  Many people use IRAs because they are a unique, well-structured way to save money and leverage tax-free...

Streamlined Offshore Tax Filing Compliance Guide

If you live abroad and were unaware of your American tax liability until now, the streamlined offshore tax filing compliance procedures provided by the IRS might allow you to avoid penalties. The IRS has an amnesty program that allows expatriates who have failed to...
6 Common Taxpayer Mistakes