Posts Tagged ‘Expat’
AM I ELIGIBLE FOR THE STIMULUS PAYMENT IF I AM LIVING ABROAD?
With clients around the world, we have had many questions about how the recent Economic Stimulus Payments might apply to those clients who are not currently living in the US and those who are not US citizens. We have put together the answers to some of the most common questions: Q: As a US Citizen…
Read MoreMECHANISMS FOR RELIEF OF DOUBLE TAXATION
Double taxation is defined as the levying of tax by two or more jurisdictions on the same declared income, asset, or financial transaction. Double taxation can occur when income is taxed both at the corporate level and at the individual level. Another time when we can see double taxation is when the same income is…
Read MoreTOP 10 THINGS EXPATS RESIDING OUTSIDE THE U.S. NEED TO KNOW
1. Expats still have to file in the US The US tax system is based on citizenship rather than residency. Wherever you make your home as an expat, you are required to file a U.S. tax return and report your worldwide income. 2. Expats get an automatic filing extension The IRS provides expats an extra two months to…
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