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Residency Rules for Streamlined IRS Tax Amnesty Programs

The United States is one of two countries in the world that taxes based on citizenship instead of residency (the other being Eritrea). All citizens and residents of the United States are required to report and pay taxes on any income they make, regardless of whether...

What Taxes Do US Expats Have to Pay to the IRS?

A big mistake many U.S. expatriates tend to make is assuming that because they live outside the United States, they are therefore exempt from U.S. tax requirements. While this argument may seem to make sense on its face, the reality is actually quite the opposite. The...

Do You Need to File a US FATCA Form?

The purpose of the Foreign Account Tax Compliance Act (FATCA) is to prevent tax evasion by U.S. persons who have various assets and bank accounts stashed in foreign banks and institutions. You may have to file a FATCA form if the aggregate amount of assets and money...

Should You Renounce Your U.S. Citizenship for Tax Reasons?

Renouncing your citizenship is not an action that should be performed without weighing all of your options. Many individuals decide to renounce their citizenship for the possible tax benefits of being free from the complex annual filing system that the United States...

Shipping Household Items Overseas (click here)

Relocating within the US for a job can be challenging enough. Relocating to another country adds a whole new set of stressors. Some may be looking for a new job, while others are moving to advance in a career they already have. While living abroad for work can present...
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