Generally, American citizens must disclose information about various assets and accounts when filing their taxes. However, the situation might be different for Americans living abroad. Americans should be reporting information about assets and accounts when they file...
If you’re a U.S. citizen living abroad for long enough, then you might be familiar with how you still need to pay U.S. taxes and how you can often take advantage of the Foreign Tax Credit to reduce your U.S. tax burden by the amount paid in taxes in the foreign...
If you recently you inherited a property and are weighing the pros and cons of selling it, you should consider the possibility of having to pay capital gains taxes on its sale. Fortunately, there are ways you can avoid paying taxes on inherited property. Inheriting...
When you move abroad to India, you won’t erase your tax liability to the United States. Be sure to look into your filing requirements and which advantages might be available to you so that you understand your responsibilities as an American expatriate. Contrary...
If you are a United States citizen living in a foreign country like Israel, you might be obligated to pay taxes in both countries. While being taxed twice can get expensive, there are ways to reduce the money you owe. The United States and Israel have different sets...
Americans have ties internationally, to family and friends throughout the world. This might lead to money transfers from overseas to the U.S., which might result in a tax liability for recipients or senders. Figuring out your tax liability after receiving a money...