Articles

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...

What is a Tax Identification Number (TIN)?

As a US taxpayer or a global expat, you've likely heard the term "Tax Identification Number" or TIN tossed around. But what exactly is it, and why does it seem to appear in every tax conversation? Whether you're filing taxes, opening a bank account, or dealing with IRS paperwork, a TIN is your VIP pass to navigate the ...

Roth IRA vs. traditional IRA: Which retirement account is right for you?

Disclaimer This article is for informational purposes only and does not constitute legal advice. Always consult with a tax professional for your specific circumstances. De...

What to do if you can’t pay your taxes: consequences and potential options

While every American living abroad or stateside has to file an Individual Tax Return and pay the taxes they owe, millions don’t. In 2022, for example, 40% of all US households paid no income ...

SECURE 2.0 Act changes impact Form W-2 reporting for businesses

The IRS has issued a reminder that changes under the SECURE 2.0 Act, effective from tax year 2023, may affect how businesses report certain amounts on Forms W-2. The new provisions under the act introduce several features designed to encourage employee p...