Understanding Form 1040-NR Requirements
Form 1040-NR – officially the U.S. nonresident alien income tax return – is the primary federal return for nonresidents who earn income from American sources. The Internal Revenue Service (IRS) publishes 30 pages of instructions specific to this form alone.
Tax Differences Between Canada and the United States
Canada and the United States share the world's longest border, but their tax systems have almost nothing in common. Both countries run progressive structures, yet the framework, rates, and obligations diverge sharply, particularly for anyone with financial exposure on both sides of the border.
What Is FATCA Reporting? Understanding Requirements
The Foreign Account Tax Compliance Act (FATCA) became law in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act. Congress designed it with one goal: Close the offshore loopholes that had allowed Americans to hide financial assets abroad.
Why Do You Have to Pay U.S. Taxes If You Live Abroad?
Ever wonder why you have to pay US taxes even while living abroad? Discover why you still owe US taxes on worldwide income due to citizenship-based taxation.
Taxes for Expats in Mexico: A Comprehensive Guide
Navigate taxes for expats in Mexico. Learn about residency, rates, and obligations. Get expert help from Expat CPA for your tax needs.
Understanding Expat Double Taxation And How To Avoid It
Americans living abroad often face a significant financial risk: paying taxes on the same income to both their host country and to the IRS. Known as expat double taxation, this issue creates a considerable compliance and financial burden. It exists because the U.S. taxes its citizens on worldwide income, a policy that follows them no matter where they live.
Taxes For Expats In Portugal: A Comprehensive Guide
Many Americans dream of moving to Portugal for its sunny climate and rich culture. However, navigating a new country's tax system is a critical step for financial stability (and legal compliance).
Self-Employment Tax on Foreign Earned Income
Expat CPA can assist you when it comes to reporting foreign self-employment income. Click here to learn the ins and outs of this process.
What Happens If You Don’t File Taxes While Living Abroad?
There can be serious consequences of not filing US taxes while living abroad. Learn about the potential consequences of non-filing and how to avoid them.
Expat Taxes in Ireland: A Guide for Americans Living in Ireland
Navigate taxes for expats in Ireland. Learn about residency, rates, and obligations. Get expert help from Expat CPA for your tax needs.
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.