Andrew Coleman
Articles
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 ...
The Importance of the Physical Presence Test to Americans Working Abroad
The Physical Presence Test can help reduce your tax liability. As a US Expat living and working overseas, you are required to file a US income tax return. One of the primary concerns to US Expats is whether or not they will be taxed twice on the same income.&n...
How to Properly Report Timing of Foreign Income and Taxes Paid on the US Expat Tax Return
The issue of allocating income and taxes paid abroad on the US tax return is simple yet non intuitive. We are often asked to explain this issue to clients and decided to write a stand-alone article describing the various cases you might encounter. We will use UK as an example - but same concept applies to any country aroun...
Accidental Americans and Their Plight With US Taxes
About 7.6M American Citizens are living overseas. Out of that 7.6M, 3,415 of them renounced their citizenship last year. These figures include those who are fully aware of their American Citizenship. There are other types of Americans, however. These people are referred to as ‘accidental Americans’. These indi...
Be Aware of Your IRS Tax Filing Obligations Before Applying for a US Visa for Spouse or Relative
If you are going to be applying for a US Visa for your relative, make sure you are current on your US expat tax obligations. Visa application for your relative will entail submission of USCIS form I-864 - affidavit of financial support. It will require you to submit proof of having filed US tax returns. ...