Articles
Self-Employment Taxes When Working Outside the US
Are you a contractor or an employee? This tax self-identity crisis will depend on how your income is reported. Depending on where you are employed, IRS reporting requirements vary. You are paid by a U.S firm If payment for services rendered is listed in box 7 of Form 1099...
New IRS Identity Verification Requirement - How to Comply And What This Means For Overseas Americans
Starting from the 2016 tax year, the IRS and state revenue agencies require tax practitioners to verify client identity and to document the methods used. “Just doing my job” - Please do not get angry with your tax preparer. The IRS, in an effort to ...
The State of California - Can Expats Ever Leave (Tax-Wise)?
In California, when Proposition 55 passed it extended the “temporary” tax of 13.3% on higher income earners through 2030. It is applicable to approximately 1.5 percent of people in California - single filers earning USD 263,000 and joint filers earning USD 526,000. This tax rate is higher than any others in the United States. The anti...
Simple Guide to UN Income and U.S. Taxes
I heard my UN income should be tax free, is that true? Generally, salary, grants and allowances paid by the UN are exempt from income tax. For US citizens, this is done indirectly, with income tax paid, and subsequently reimbursed by the UN to ensure that there is income parit...
Affordable Care Act (ACA) Tax Provisions for Americans Living Abroad - Facts vs Fiction
1. Does the U.S. citizen residing abroad need to have foreign health coverage in order to qualify for the ACA exemption? - No, presence of foreign health coverage is not necessary. 2. Does the U.S. citizen/green card holder with foreign health coverage provided by foreign employer or through the ...
Three Reasons to Obtain a Duplicate American Passport
If you are a ‘frequent traveler, obtaining a duplicate passport may prove itself to be the best decision you can make. Do you travel abroad regularly or live outside the US? If the answer is, ‘Yes!’, then you already know the importance of carrying a valid passport. Did you also know that ...