Blog

Tax Consequences of an Inheritance from Relatives Overseas

If you receive an inheritance from a relative overseas, you may think federal and state taxes don’t apply. However, getting a foreign inheritance isn’t always simple for American recipients and can have consequences. When you receive an inheritance from...

The 2022 Corporate Transparency Act Explained

Soon, reporting requirements for corporations are likely to change once the 2022 Corporate Transparency Act (CTA) goes into effect. When that time comes, it’s important for American companies, foreign and domestic, to know how to comply. When the Corporate...

How to Use the Foreign Earned Income Exclusion on Your Taxes

Lowering your tax liability is always appealing, especially if you face paying dual taxes as an American expatriate. Luckily, expats can use the Foreign Earned Income Exclusion on their taxes, provided they meet the necessary criteria. The Foreign Earned Income...

Is United States Military Pay Taxable When Living Abroad?

Serving your country by enlisting in the United States military is extremely honorable, but it doesn’t change your tax obligations. Whether you’re stationed in the United States or are living abroad as a member of the United States military, you’ll...

What You Need to Know About ITINs as an Expat

As a U.S. expat with a life overseas, why do you need to worry about ITINs? If expats have foreign loved ones, they may need to know what ITINs are and how to get them. ITINs are sort of like social security numbers (SSNs) for non-American citizens. They’re used...
  • To Get Started, Summarize Your Tax Issue

  • This field is for validation purposes and should be left unchanged.
6 Common Taxpayer Mistakes