U.S. Expatriate Taxes

The goal of this blog section on U.S. Expatriates- U.S. citizens and U.S. green card holders living and working outside the U.S.- is to provide information for U.S. Expatriates to consider prior to accepting an assignment outside the U.S. From the general concepts of U.S. taxation of ways in which U.S. persons living and working outside the U.S. can minimize their U.S. taxation, this section focuses on the Foreign Earned Income Exclusion, Housing Exclusion and Deduction all found on Form 2555 and the Foreign Tax Credit found on Form 1116. Including U.S. income tax treaties and U.S. Totalization/ Social Security treaties.

General

  • Reporting foreign income and filing a tax return when living abroad
  • US clients with international tax issues: Five helpful tips
  • Federal Tax Day - Current, I.2, Eligibility Requirements Waived for Individuals in Iraq, Burma, Chad, Afghanistan and Ethiopia Claiming Foreign Earned Income Exclusion (Rev. Proc. 2022-18), (Mar. 28, 2022)
  • How COVID-19 Affects Foreign Income and Housing Exclusions
  • Relief for tax residency impacts of COVID-19 travel disruptions
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    Q&A- Expat taxes

  • Are Education Assistance, Housing, and Vehicle Benefits Taxable Income?
  • How do we Handle Residency When We've Left our US Home to Foreclosure?
  • Are Lottery Winnings in a Foreign Country Taxable in the US?
  • Should I Pay into the US Social Security System so That I can Receive Medicare Benefits Later in Life?
  • Can I Deduct Moving Expenses & Mortgage Taxes Abroad in My US Return?
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    Foreign National-Nonresident Aliens

    The goal of this blog section on Foreign National-Nonresident Aliens – Non U.S. citizens or non U.S. green card holders living and working here in the U.S.- (Non U.S. citizens or non U.S. green card holders living and working here in the U.S.)is to provide information for Foreign National-Nonresident Aliens to consider prior to accepting a U.S. assignment. From the general concepts of U.S. taxation of ways in which the U.S. taxation of nonresident alien persons living and working inside the U.S. can be minimized, this blog section will focus on the Substantial Presence Test (SPT), the 183 day test with a two year look-back period, the U.S. tax consequences of U.S. tax residency, ways in and out of U.S. tax residency, residency start and termination dates as applicable, implications after U.S. tax residency ends, the U.S. tax forms a nonresident alien will file, possible dual statuses and various elections available all in an effort to minimize U.S. tax liabilities. Including briefly U.S. income tax treaties.

     

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    Expatriation

    The goal of this blog section on Expatriation- as defined under IRC Sec 877 and 877(A)- U.S. persons renouncing their citizenship and U.S. green card holders abandoning their green cards- focusing on post June 16, 2008 expatriations, is to help examine the general U.S. tax law governing who are Covered Expatriates and how the one time Mark-to-Market tax may affect you. Including the Mark-to-Market exceptions.

     

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