Articles
Do expats have to pay state taxes? Everything Americans abroad need to know
Many US expats move to another country and think state taxes will never follow them again. But some people still get letters or bills even after many years of living abroad. This guide explains the basics in a very simple way, so you know what states look for and how small choices can matter later. Key takeaways ...
Tax reform for US owners of foreign corporations: Understanding the Sec 962 election
Owning a company outside the US can feel confusing when you see taxes taken in two places. The Section 962 election is a rule that helps make things fair. It allows an American who owns a foreign-controlled corporation overseas to use the same tax steps that a large US company uses. This means you can lower your bill if the foreign tax rate is no...
Understanding Subpart F income: Complete guide for US shareholders
For years, many Americans with overseas companies used foreign entities to delay paying US tax on profits earned abroad. Congress responded by creating Subpart F income rules to close that gap and ensure fairness between domestic and international businesses. When a foreign corporation qualifies as a CFC, its earnings can become taxable in the sa...
RESP: What US expats need to know about education savings and tax implications
Every year, Canadian families pour billions into Registered Education Savings Plans, building a cushion for their children’s future studies. These accounts reward early savers through government grants and years of tax-deferred growth, making the RESP a cornerstone of Canadian education planning. Yet for many US expats in Canada, this same tool c...
Do overseas contractors pay taxes? Understanding international tax obligations
Working as an overseas contractor often means your earnings remain subject to US tax, even while abroad. Relief may come through the foreign earned income exclusion or foreign tax credits, but self-employment tax at 15.3% still applies. This article is brought to you by Taxes for Expats &nda...
How to become an expat: A complete step-by-step guide to moving abroad
Whether you crave a career leap, a lower cost of living, or golden-years sunshine, thousands of your fellow citizens are making the leap to become an expat abroad. This guide to relocating gives you every practical and emotional tool you need – from choosing a visa to filing your first foreign tax return – so you can be an e...