Category: Expat Tax Solutions
Understanding FBAR Penalties? See Tips On How To Avoid
Nov 23, 2021
If you have a financial interest in a foreign financial account, it may be a requirement for you to file a Report of Foreign Bank and Financial Accounts (FBAR) with the Financial Crimes…
The Truth About Panama Papers Shell Company I What You Need To Know
Nov 23, 2021
Wonder About A Shell Company In light of the recent scandals, you might be wondering yourself if your name came up on the list of “Offshore Billionaires evading taxes”. Truth is, few of…
Foreign Account Tax Compliance – You See What Interesting Facts Here
Nov 23, 2021
The Skinny On The Foreign Account Tax Compliance Act (FATCA) How Is It Impacting You? It’s what Swiss bank executives yelled out when they received fines for aiding American citizens in hiding assets…
Important Reasons Why You Need To Hire Tax Preparation Services
Nov 23, 2021
Why Use A Tax Preparation Services Firm? Most taxpayers fret about the annual ritual of preparing and filing their tax return. Whether it’s the hassle of wading through tax records and determining what…
Important Info You Need To Know On The State Income Tax Return Residency
Nov 23, 2021
State Income Tax Return Residency – How Do I Determine State Residence When Residing Overseas? Many overseas taxpayers have questions about their filing requirements and potential tax liability as it pertains to filing…
Preparer Tax Return Retention Requirements | Helpful Info You Need To Know
Nov 23, 2021
Preparer Tax Return Retention – Free Backup Solution For Taxpayers Tax return document retention is a topic discussed amongst tax professionals on occasion. However, while there has been increased discussion and analysis in…
Special Extension To Qualify For The Foreign Earned Income Exclusion You Need To Know
Nov 23, 2021
Special Extension To Qualify For The Foreign Earned Income Exclusion – Extension Of Time To Meet The Physical Presence Or Bona Fide Residence Test For most taxpayers, you generally cannot get an extension…
This Is What Social Security And Medicare Taxes For Expats
Nov 23, 2021
Generally Social Security and Medicare Taxes For Services Performed Overseas Don’t Apply In general, U.S. social security and Medicare taxes do not apply to wages for services you perform as an employee outside…
Informative Truth About Filing And Paying Late You Need To Know
Nov 19, 2021
Filing And Paying Late April 15 is the tax day deadline for most people. If you reside overseas on April 15, you qualify for an automatic two-month extension to June 15 (or the…
Introducing America’s Tax Experts – Here Are The Enrolled Agents
Nov 19, 2021
I’m occasionally asked “are you a CPA?” And when I respond that no, I’m an Enrolled Agent (EA). I’m often met with a response of a lack of familiarity with the term. Which…