U.S. expatriates should read IRS Publication 54 - Tax Guide for U.S. Citizens and Resident Aliens Abroad. What do U.S. expatriates need to know about taxes? IRS Publication 54: Tax Guide for U.S. Citizens and Resident Aliens Abroad is an important guide that helps U.S. taxpayers understand not only their...
Ignorance of FBAR Reporting and Worldwide Income Disclosure is No Excuse for a U.S. Taxpayer
Our offices have handled many cases of U.S. taxpayers, expatriates, and foreign nationals and spouses who live and work in the United States, with offshore accounts, assets, investments, business interests, or income. Many were not aware the U.S. taxes all income, worldwide. U.S. taxpayers are required by law to understand...
Tax Issues and Estate Planning for U.S. Expats
What are the most important challenges associated with tax issues and estate planning for U.S. expatriates? Are you planning to move out of the United States? Are you a U.S. taxpayer who lives and works outside of the country? What are some of the key issues you need to be...
Tax Developments for U.S. Expatriates
There have been many recent tax developments for U.S. expatriates. It is essential for U.S. citizens residing outside the United States and those considering an expat life to understand their responsibilities as U.S. taxpayers. Allen Barron is a strong resource and service provider for U.S. expats, and those with international...
Serious Challenges for Expats and Those Considering Moving Abroad
The world is an ever-changing, ever-evolving crucible of financial and other serious challenges for expats and those considering moving abroad, as well as foreign nationals living and working in the United States. Oversight, tax exposure, and reporting requirements become more challenging each year. Financially speaking, the world in 2025 has...
Are you Thinking of Moving to Another Country – A Few Things to Consider
Are you thinking of moving to another country? Over the past decade, a record number of U.S. citizens have decided to live and work abroad. There are many issues you may not have considered that will impact any decision to become a U.S. expatriate. The European Union, through its official...
The Tax Consequences of Offshore Mutual Funds for US Expats and Taxpayers
What are the tax consequences of offshore mutual funds for US expats and taxpayers? US expatriates have faced a substantial number of challenges over the past several years as a result of FATCA. It can be hard to simply open a bank account. Almost all Foreign Financial Institutions (FFIs) require...
Tax Updates and Information for US Expatriates
US tax filing is underway, and as we approach the April 15 deadline we would like to offer additional tax updates and information for US expatriates. The first and most important thing for US expatriates to know about taxes is the United States taxes the worldwide income of any US...
Are US Expats Facing a Tax Increase as a result of Tax Reform
While the details of the tax reform passed last year are still being unpacked, are US expats facing a tax increase as a result of tax reforms passed last year? The United States is one of the only countries in the world who taxes US taxpayers based upon global income, no...