What Do US Digital Nomads Need To Know About Their Taxes? 2

What Do US Digital Nomads Need To Know About Their Taxes?
All U.S. persons (and green card holders) are subject to U.S. tax on their worldwide income regardless where they reside. This means, whether you reside in the U.S. or outside the U.S., have a dual citizenship, or are an Accidental American that has never set foot in the U.S., your tax obligations remain the same ...

All you need to know about passport revocation by the IRS 2

All you need to know about passport revocation by the IRS
More than a year ago, Congress passed law HR 22, which resulted in IRC section 7345 “Revocation or denial of passport in case of certain tax delinquencies” This is a far-reaching law which covers all taxpayers owing more than $50,000 in back taxes. The intent of the taxpayer to leave the country is not a ...

Foreign Earned Income Exclusion vs. Foreign Tax Credit

Foreign Earned Income Exclusion vs. Foreign Tax Credit
We are often asked if it’s better to use Foreign Earned Income Exclusion or Foreign Tax Credit when it comes to US expat taxes. Yet you always need to remember that each case is different and while you personally may benefit from using FEIE, then your fellow expat may have better outcome utilizing FTC. Today ...