Understanding Capital Gains Taxes For Expats
Capital gains tax for expats is the tax on profits made from selling assets such as property, stocks, or bonds for more than their purchase price. The basic calculation is straightforward: sale price minus purchase price and improvements equals the capital gain.
Expat Taxes in France: a Guide for Americans Living in France
Living in France offers a dream lifestyle for many Americans. With over 100,000 U.S. expats calling France home, it’s no surprise the country is a top destination.
A Guide to U.S. Expat Taxes In New Zealand
Understanding U.S. expat taxes in New Zealand is crucial for Americans relocating to this popular destination. With its exceptional quality of life and stunning landscapes, New Zealand attracts many American expats, but managing U.S. expat taxes in New Zealand requires careful attention to both countries' tax systems.
Digital Nomad Taxes: What You Need to Know
A “digital nomad” is someone who works remotely while traveling from country to country, often without a fixed home base. In 2022, an estimated 16.9 million U.S. workers identified as digital nomads. While this exotic lifestyle offers freedom and flexibility, paying taxes as a digital nomad can be complicated. Without a clear understanding of both American and international tax obligations, you may face significant penalties.
Taxes For Expats In Spain
Spain is a top destination for American expats, thanks to its pleasant climate, excellent healthcare, and appealing lifestyle. Settling in Spain, however, comes with the responsibility of handling taxes in both the U.S. and Spain. Navigating dual tax obligations can be complex, but understanding these requirements helps expats avoid expensive penalties and ensure compliance with both tax systems.
Form 5471 Guide & Foreign Entity Classifications
Although many Americans dream of living and working abroad, there are important tax considerations when establishing financial ties in a foreign country. In addition to the local tax codes of the host country, U.S. citizens with financial interests abroad must also comply with the tax guidelines of the IRS.
How To Get An ITIN Number For Non-Residents & Expats
If you’re a US citizen who regularly files taxes, you likely have a Social Security number. But if you’re a non-citizen, the Internal Revenue Service (IRS) still expects you to report taxes every year — for which you’ll need an Individual Taxpayer Identification Number (ITIN).
Living As An Expat In The United Kingdom
The United Kingdom checks a lot of boxes for a lot of Americans. Being a foreign country, it provides U.S. citizens with a healthy dose of exoticism. However, the language and culture are familiar enough that many Americans enjoy a relatively “soft landing” when they decide to relocate.
Paying Wages To Overseas Employees
When it comes to taxes and payroll, every country does it differently. That can leave expats in a tricky space regarding paying foreign employees overseas. The payroll process might not be as straightforward as in their home country, and there can be legal consequences for getting it wrong.
Taxes For US Citizens Retiring Abroad
The allure of living abroad can be irresistible — especially in one’s later years. In fact, hundreds of thousands of Americans choose to spend their retirements relaxing on sandy beaches, eating exotic food and learning a foreign language.
Understanding The FBAR Limit For Married Filing Jointly
FBAR (Foreign Bank Accounts Report) must be filed for expats who have international bank accounts. If your taxpayer status is married filing jointly, you may wonder whether you and your spouse can file one FBAR for the couple or whether each person needs to file this form.
Living As An Expat In Germany
Are you living in Germany as an expat? Germany is a popular choice for Americans looking to live or work overseas. The country offers a rich culture and a good standard of living. Recent infrastructure investments have made the German economy robust compared to its European peers, so there are good job opportunities for Americans who want to work in a foreign country. Whether they work or no longer need to, American expats in Germany must understand their tax obligations, so they don't miss a payment.