United States citizens must pay taxes no matter where they live, including in other countries. To make the situation more complex, you must also report any gains on cryptocurrency, which is often confusing considering how new crypto is. If you are a U.S. ex-pat living...
Many people want to become homeowners someday. With owning a home or second home in the United States comes not just pride, but additional financial benefits. There are many financial benefits to buying a home or a second home in the United States. Capital...
As an American expatriate, reducing your taxable foreign income however possible is always ideal. One way to do this and lower your tax liability to the IRS while living overseas is by claiming the foreign housing exclusion. If you live and work abroad as an American...
As an American expat, you shouldn’t be taxed twice on income earned outside of the United States. To avoid double taxation, you should learn about IRS Form 2555 and how filing it may help you. IRS Form 2555 allows certain American expatriates living outside the...
Transitioning to online teaching can present you with various opportunities, especially when it comes to lowering your tax liability. If you’re an online teacher, it’s important to learn about the tax deductions available to you. As a teacher, you’re...
Getting a letter from the IRS can be stress-inducing. The good news is, this formality isn’t always a bad thing. That said, it’s important to understand the reasons the IRS often sends certified letters, so that you how to respond to correspondence from...