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
“Catch Up” Retirement Contributions
After reaching age 50, you can make additional “catch-up” contributions to certain types of tax-advantaged retirement accounts. For the 2021 tax year, this opportunity is available if you’ll be age 50 or older on Friday, December 31, 2021. Specifically, with an...
How Can I Work For My U.S. Employer While I’m Living In The Netherlands?
With the rise of remote working, many people are thinking about heading to another country to work from their laptops. In some countries it’s perfectly legal to just arrive on a tourist visa, open your laptop and work remotely for your foreign-based company, but in...
2021 Year-End Tax Planning Tips
As the end of the year approaches, it’s a good time to start getting organized for tax time. Here are some tips to make your year-end tax planning for 2021 easier. Check Your Status If you are a W2 employee, check your paycheck withholdings. Have you had enough...
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