Category: FATCA for Expats
New Income Tax Brackets and Federal Tax Rates for 2025
Nov 21, 2024
In the U.S., your income tax rate depends on your taxable income and filing status, which places you into one of seven tax brackets that range from 10% to 37%. These rates remain…
Will Receiving a Pension Reduce My Social Security Benefits?
Nov 06, 2024
If you’re approaching retirement, you might wonder how your pension and Social Security benefits will work together. You may have heard that your Social Security benefits could be reduced if you receive a…
How to File Tax Form 941 for Business Owners
Oct 15, 2024
If you’re running a business with employees, you must file IRS Tax Form 941 or the Employer’s Quarterly Federal Tax Return. This form reports the income taxes, Social Security tax, and Medicare tax…
Filing Requirements For U.S. Taxpayers Living Abroad
Oct 13, 2024
US Taxpayers Living Abroad If you are a U.S. citizen or resident alien living abroad, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same…
Foreign Pensions In 2024 – The Latest on U.S. Taxes Expats Need To Know
Oct 11, 2024
There is confusion for many U.S. taxpayers about the reporting requirements for foreign pension plans. The IRS has posted information regarding The Taxation of Foreign Pension and Annuity Distributions. But, the average taxpayer still has…
Form 8865 – Return of U.S. Persons With Respect to Certain Foreign Partnerships – An Expat Tax Guide
Oct 10, 2024
When multiple U.S. owners of an eligible foreign corporation (generally not a “per se” corporation) elect to treat the entity as a disregarded entity, the IRS will treat it as a foreign partnership.…
Can Your Non-U.S. Spouse Claim Social Security Benefits? Here’s What You Need to Know
Oct 04, 2024
You’ve spent your career contributing to Social Security with every paycheck. But now, as you look toward retirement, you may be wondering: ‘’Can my non-U.S. spouse claim Social Security benefits?’’ This is a…
ITIN – Important Facts Expats Need To Know About The Individual Taxpayer Identification Number
Oct 04, 2024
About The ITIN – Individual Taxpayer Identification Number If you earn money in the United States, whether you are a resident or immigrant (non-resident), documented or undocumented, you will have to file taxes.…
How to Complete W-9 Form for Independent Contractors and Freelancers
Sep 30, 2024
What is a W-9 Form? The IRS Form W-9, or “Request for Taxpayer Identification Number and Certification,” is used by U.S. taxpayers to provide their correct Taxpayer Identification Number (TIN) to the person…
International Tax Information Exchange – A Guide for Expats
Sep 19, 2024
Tax information exchange involves sharing financial data between countries under treaties or bilateral agreements. It plays a critical role in the global effort to enhance tax transparency and combat tax evasion. Through various…