Welcome to episode 5 of the American Overseas Podcast: The burden of US persons overseas America is the only first-world country in the world that enforces a tax duty on...
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According to Forbes, the IRS is targeting “inept” taxpayers with audits and fines. The agency has recently become more aggressive in pursuing those who fail to report overseas accounts, income,…
The US exit tax is the last thing you’ll pay for giving up your citizenship. The US exit tax is a tax on capital gains for US citizens who are…
GILTI, or global intangible low-taxed income explained What is “GILTI”? GILTI, or “global intangible low-taxed income,” is a deemed amount of income derived from CFCs in which a U.S. person…
After a long period of uncertainty, it is now again possible to get a Social Security Number at the U.S. consulates in Germany. German banks requesting SSN (Social Security Number)…
Are you a Danish citizen with an American background, and did you recently receive a letter from your Danish bank about FATCA? You are advised not to ignore this letter….
Unawareness of your U.S. Citizenship Can Be Expensive. U.S. Citizens Overseas are often unaware that they have an American tax obligation. This lack of knowledge is costing many Americans overseas…
If you’re an Accidental American in France, you may be facing some serious US tax problems. There are an estimated 40,000 Accidental Americans in France – people who have never…
Perhaps you had something else to do? Living your life, enjoying the sun, or walking the dog? Warning: the October 2021 tax deadline is here now! File your US tax…
According to Bloomberg the American law FATCA, designed to combat offshore tax evasion, is hurting accidental US citizens who can’t open bank accounts. A growing number of Americans abroad are renouncing…
