Tax Updates
Find below the latest articles on all items related to your (expat) taxes. Enjoy reading!
Foreign Bank Account Reporting (FBAR)
If you are a U.S. citizen living abroad, you may have heard about the FBAR, and you may be wondering what it is and whether or not you need to file one with your taxes. What Is the FBAR? The FBAR is a United States Department of the Treasury form that stands for...
How to File Your U.S. Taxes When You Live Abroad and When to Hire a Professional
This post is a follow-up to our previous blog post - How to Do Your Own Taxes - about the forms you need to file when living abroad. That post outlined the typical forms that working expats need to file when they have a simple return, for example, if you are an...
Why Expats Should Opt Out of Expanded Child Tax Credit Advance Payments
On July 15, the Internal Revenue Service sent the first of six advance payments to parents of children 17 years and younger as part of the Expanded Child Tax Credit for 2021, but expats may want to opt out of advance payments.
How Non-filers Can Request Child Tax Credit Payments
New IRS Non-filers Tool to Request Child Tax Credit Advance Payments and Economic Impact Payments Recent changes to the Child Tax Credit mean that many families will be eligible for Advance Child Tax Credit payments starting on July 15, 2021. The IRS will pay half...
Additional REsources
Previous articles
FBAR deadline is April 15, 2021
Even though the tax filing deadline has been extended to May 17 this year, the FBAR is still due on April 15. That's because the FBAR is handled by the US Treasury Department while the rest of your tax return is handled by the IRS. These are two separate government...
2021 Federal Tax Deadline Extended to May 17
The IRS has extended the federal tax filing deadline to May 17, 2021. This means federal tax returns and payments to the IRS will be due one month later than normal. Most years, the deadline is April 15, but the IRS acknowledges that people need more time to...
What’s in the Third Stimulus?
The IRS has reopened the Get My Payment website to check the status of 2021 stimulus payments. This is the third stimulus payment that the government is issuing since the pandemic began. Visit the Get My Payment site to find out when you can expect your payment, and...
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