Form 8858 – Practical Info – What Expats Need to Know
Form 8858 is an IRS form requirement for people who own certain foreign entities. If the filing requirement applies, you must do it accurately…
Tax Samaritan covers the tax rules facing Americans who own or operate a business while living abroad — including GILTI, Subpart F income, and Form 5471 reporting for controlled foreign corporations. Owning a business overseas adds layers of complexity most expat tax guides skip. These articles walk through compliance requirements, common pitfalls, and planning strategies for self-owned foreign entities.
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How to File Form 5471 for U.S. Expats with Foreign Corporations
If you are a U.S. citizen or resident involved with a foreign corporation, you may need to file IRS Form 5471, even if the…
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Subpart F Income and Controlled Foreign Corporations for Expats
Subpart F – Why Was It Enacted One type of entity through which foreign operations may be conducted is a foreign corporation. A major…
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SIMPLE IRA Plan for Small Business & Self-Employed Expats
If you’re a self-employed expat or running a small business abroad, planning for retirement doesn’t have to be complicated or expensive. One of the…
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Small Business Retirement Plan: Best Options And Their Tax Advantages
A business retirement plan is a key component for retirement savings for small business owners. They are also an increasingly important tool for attracting…
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Opening and Owning a Business for Expat Entrepreneurs — A US Tax Guide
Seeking opportunities and experiences in other countries is one of the reasons why expats thrive elsewhere. Countries with booming economies attract expat entrepreneurs, but it can be quite a daunting task, especially if you want to build a business from scratch.
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Passive Foreign Investment Company (PFIC) | Practical Info You Need To Know
Many portions of the U.S. tax code contain confusing and sometimes harsh rulings. The rules for passive foreign investment companies (PFIC) are incomparable in…
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How to Reduce Your AGI for High-Income Earners and Small Business Owners
If you’ve ever wondered how to qualify for more deductions and pay less tax as a high-income earner, lowering your adjusted gross income (AGI)…
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Form 8992 GILTI Calculation Pitfall – Latest To Know For 2026
The new law of December 2017 brought major tax law changes for foreign corporation shareholders. This led to the creation of IRS Forms 8992…
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Form 8621 Filing (PFIC) – Practical Information For Expats
If you invest overseas, chances are you’ve come across foreign mutual funds or ETFs. For U.S. tax purposes, many of these investments are treated…
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The Augusta Rule: Secrets To Earning Tax-Free Rental Income
If you own a home in the U.S., you may have a legal way to earn rental income without paying a cent in taxes…
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Advanced Tax Strategies for High-Net-Worth Business Owners
When your income grows, so does your tax bill. As a high-net-worth business owner, you’re dealing with more than just higher rates. You’re also…
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Common and Industry-Specific Tax Deductions for Small Businesses
Tax season shows up fast when you’re busy running a business. You’re focused on keeping things moving—bringing in work, paying bills, maybe even hiring…
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Solo 401(k) Retirement Plan for Self-Employed Expats
Many Americans living and working abroad don’t realize they can still use U.S. retirement plans to save for the future. If you’re self-employed and…
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Owe Payroll Taxes? Expert’s Advice You Need to Know
As a small business owner, paying your employees’ payroll taxes is crucial to running your business. Unfortunately, sometimes money is tight, and small business…
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How To Overcome Unpaid Taxes For Small Business Owners
Running a business is not easy. Some years bring success, while others can be a struggle. But one constant in the life of a…
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How to File for Bankruptcy as a Small Business Owner
Running a small business has its own set of challenges. When financial difficulties arise and debt becomes unmanageable, filing for bankruptcy can be a…
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5 Tax Advantages of an LLC: How It Can Save You Taxes
You’ve been thinking about starting a business. Maybe you’re freelancing, running an online shop, or offering consulting services. Whatever it is, you’re making money,…
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How To Maximize Tax Savings with the QBI Deduction for Small Business Owners
Running a small business means working hard to earn money, but keeping more of it is just as important. Taxes can take a big…
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Tax Deductions for Expat Freelancers and Contractors: What You Need to Know
As an expat freelancer or independent contractor, you have the freedom to work from anywhere. But with that freedom comes the responsibility of managing…
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