22
Dec
As a tax accountant, I am regularly asked about bank accounts and the best credit cards for US expats. Most often, the main discussion point has to do with the...
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Author: holaexpat
22
Dec
An Individual Retirement Account (IRA) is a popular and smart way that many Americans (including expats) save for retirement. One can contribute up to $5,500 per year ($6,500 if age...
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21
Dec
The House and Senate has approved a significant overhaul of the US tax code. For US expats, the three biggest components of tax reform (a.k.a. the ‘Tax Cuts and Jobs...
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17
Dec
US taxes for Americans living abroad can be relatively complicated. With some knowledge and planning, however, one can take advantage of the IRS tax code to their benefit. This article...
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13
Nov
US citizens and permanent residents are taxed on worldwide income, regardless of where they live in the world. Fortunately, there are two common methods that US expats utilize to eliminate...
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13
Nov
The child tax credit is a great benefit provided by the US government to American families with children under the age of 17. The credit or “tax refund” can be...
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08
Sep
Social Security is a lifelong pension provided by the US government. It can be a critical source of income during one’s retirement years. Most important to note, it is a...
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06
Sep
Americans are subject to US income tax, regardless of where they live and where they make their income. For US expats with businesses abroad, there are special requirements and issues...
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24
Aug
Living abroad, many US expats give too little thought to saving for retirement. Some basic financial planning is absolutely critical, and helps to avoid the unenviable position of reaching retirement...
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16
Jun
Gifting involves receiving something for nothing, In certain situations, the US government requires gift tax returns in order to assess whether there are any taxes owed. Gift Tax and Estate Planning...
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