Taking advantage of the Foreign Earned Income Exclusion

Taking advantage of the Foreign Earned Income Exclusion
Today we want to tell you another success story and share how 1040 Abroad solved the tax problems, which our clients were facing. In today’s edition, we present you Mark’s story. Mark, a U.S. citizen, recently moved to Ecuador and got a professional 9-V visa/immigration status there. He was still going occasionally making trips to the United States, ...

Tax table for 2017 Federal Income

Tax table for 2017 Federal Income
One of the biggest myths about the Foreign Earned Income Exclusion is that income taxed above and beyond the FEIE is taxed at tax rates starting at 10%. Well, it’s not correct. For instance, did you know that the United States has a progressive federal tax system, which means that depending on your tax owed, you ...

How a nomad became compliant with US taxes

How a nomad became compliant with US taxes
We are starting series called “Success story” and we share how 1040 Abroad solved the tax problems, which our clients were facing. Today we want to tell you Brian’s story. Brian is a U.S. citizen who has been teaching English in China, South Korea and other places. He never filed a U.S. tax return and is ...

Tax penalties for US expats: failure-to-pay and failure-to-file

Tax penalties for US expats: failure-to-pay and failure-to-file
Do you know the penalties for US expats for being non-compliant? You may have been confused with complicated U.S. tax laws and we have gathered few facts you need to know about failure-to-pay and failure-to-file penalties. Check them out now and do not hesitate to contact us for your customized tax solution.

What US expats need to know about Streamlined Procedures

What US expats need to know about Streamlined Procedures
Many U.S. expats do not know that they have to file their tax returns while living abroad. The IRS introduced few amnesty programs and one of them is called “Streamlined Procedures”. In today’s infographics we cover all necessary facts that you need to know about becoming tax compliant using this program. Educated yourself in easy ...