Articles
Do overseas contractors pay taxes? Understanding international tax obligations
Working as an overseas contractor often means your earnings remain subject to US tax, even while abroad. Relief may come through the foreign earned income exclusion or foreign tax credits, but self-employment tax at 15.3% still applies. This article is brought to you by Taxes for Expats &nda...
How to become an expat: A complete step-by-step guide to moving abroad
Whether you crave a career leap, a lower cost of living, or golden-years sunshine, thousands of your fellow citizens are making the leap to become an expat abroad. This guide to relocating gives you every practical and emotional tool you need – from choosing a visa to filing your first foreign tax return – so you can be an e...
Bona fide residence test explained: How US expats can qualify for tax breaks
Understanding how to qualify as a bona fide resident can be the key to unlocking valuable tax savings while living abroad. The bona fide residence test is one of two primary methods US expats can use to exclude foreign earned income from US taxation under the ...
What is Form 1040-X: Amended Tax Return?
What is Form 1040-X? IRS Form 1040-X is a tax form used by the Internal Revenue Service (IRS) to allow individuals to amend their tax returns. It is used to make changes or corrections to a previously filed tax return.</...
What is a Tax Identification Number (TIN)?
As a US taxpayer or a global expat, you've likely heard the term "Tax Identification Number" or TIN tossed around. But what exactly is it, and why does it seem to appear in every tax conversation? Whether you're filing taxes, opening a bank account, or dealing with IRS paperwork, a TIN is your VIP pass to navigate the ...
Roth IRA vs. traditional IRA: Which retirement account is right for you?
Disclaimer This article is for informational purposes only and does not constitute legal advice. Always consult with a tax professional for your specific circumstances. De...