September 29, 2020 Countries have different rules and regulations regarding income and taxes. While U.S. citizens living internationally are allowed to take advantage of foreign trusts and tax-free savings accounts, there's a caveat: Those tax-advantaged accounts might be taxable in the U.S. Find out when tax-free savings accounts are taxable and what forms you'll need to complete as an American living in Canada.Read More
September 27, 2020 Buying real estate in another country is common among people who want to have a ready-made vacation home or a property they can rent out for extra income. Because Canada and the United States are geographically close, many Canadians purchase U.S. properties with this intention. However, there are important tax implications for a Canadian buying U.S. property. Here's what you need to know to stay in compliance with applicable tax laws.Read More
August 3, 2020 Estate planning is complicated, particularly when individuals are living overseas and must deal with two sets of taxes and regulations. Many people delay it, assuming they'll find time eventually. It's important to do it correctly — and sooner, rather than later.Read More
July 1, 2020 The terms foreign tax credit and foreign earned income exclusion may appear interchangeable, but there are key differences. Below, we’ll cover what the foreign tax credit and foreign earned income exclusion mean, how you claim them, and tax resources for expats.Read More
June 28, 2020 Regardless of where they live in the world, U.S. citizens need to pay U.S. taxes. That's true of expats, permanent residents, green card holders and dual citizens who have citizenship in the U.S. and another country.Read More
