Tax Updates
Find below the latest articles on all items related to your (expat) taxes. Enjoy reading!
How to Do Your Own Taxes
It’s tax season again, and if you are an American citizen living abroad, you may be wondering how to do your own taxes now that you live in a foreign country. For example, you might need to report your foreign bank accounts or claim a credit for your foreign income....
2020 Tax Return Filing Season Starts on February 12, 2021
The IRS announced on Friday that it will delay the opening of the 2020 tax filing season until Feb. 12, 2021. This will be the first day that taxpayers will be able to file their 2020 returns. Filing season usually begins in January, but this year the IRS needs more...
Second Stimulus Payment Is Coming
Good news! Another stimulus rebate payment is coming! And the question on everyone's mind is, "When will I get my second stimulus check?" The President signed the COVID-related Tax Relief Act of 2020 on December 27, 2020. The new law includes the second round of...
Dutch-American Friendship Treaty (DAFT)
The Dutch-American Friendship Treaty is an agreement between the United States and the Netherlands that allows American entrepreneurs to acquire temporary residency and a work permit in the Netherlands for the purpose of starting a business. The DAFT treaty also...
Additional REsources
Previous articles
Foreign Tax Credit and Foreign Earned Income Exclusion
At BNC Tax, one of the most common questions our clients ask us is, “Do I have to pay U.S. taxes if I live abroad?” And the answer is… maybe. A lot of expats ask us about the foreign earned income exclusion, so we will explain everything you need to know in this...
How to Vote in the 2020 United States Presidential Election While Living Abroad
Did you know that you can vote in U.S. elections while living abroad? All you need to do is request an absentee ballot. There is still time to request your ballot before this year’s presidential election on November 3. First Steps - Register to Vote, Update Your...
Self Employment Compensation Clarification for PPP Loans
The Small Business Association (SBA) has published new guidance about PPP Loan Forgiveness. We have been waiting and watching for guidance and the SBA has slowly been releasing information and regulations. Last week on August 4, the SBA posted a new downloadable PDF...
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Email us at info@bnctax.com
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Dutch tax filings: Orange Tax Services
Mexican tax filings: Equilibrium