Articles

Biden Tax Plan Analysis

When Biden is sworn into office in January 2021, US Taxpayers, both abroad and in the US, may experience changes to their US tax returns. The Internal Revenue Service requires all US citizens to file a tax return each year reporting income regard...

Totalization Agreement and Additional Child Tax Credits

Totalization agreements US citizens and green card holders residing abroad are responsible for making contributions to the U.S. Social Security system on net business income.  Self-employed taxpayers residing in a country that has a ...

U.S Tax Impact from portability between non-US retirement plans

Transfer of funds from one pension plan to another may be treated a taxable event in the US (there is no official document to substantiate the tax exemption). Introduction Many Americans are working abro...

How You Are Affected by the Affordable Healthcare Act as a US Expat

For the first time, United States Citizens are obligated to report information regarding health care coverage as well as their eligibility on their US income tax return. This is all because of the ACA (Affordable Care Ac...

NATO Personnel & US Tax

Ottawa Agreement & US Tax Ottawa Agreement outlines taxation for NATO Personnel. However, this is mostly in the eyes of the 'host country'. For US persons, NATO Compensation is not exempt from U.S. Tax (except for Combat service) The agreement provides tax exemption from the host country because ...

Foreign Earned Income Exclusion Denied - Case Study

Interpretation of the Foreign Earned Income Exclusion A tax court recently found that a contractor of Korean Air could not claim the foreign earned i...