Articles
Digital nomad taxes: What you need to know
Life on the move has its perks - new cities, fresh Wi-Fi, and maybe even beachside Zoom calls. But there’s one thing digital nomads can’t outrun: taxes. Whether you're freelancing from Lisbon or managing remote teams in Chiang Mai, understanding digital nomad taxes is essential to avoid surprises from the IRS or foreign ...
Minimum income to file taxes in 2025: Who needs to file and why you might want to anyway
Determining whether you need to file a tax return in 2025 boils down to your income, age, and filing status. Whether you're earning as a full-time employee, self-employed, or a dependent, this guide will simplify the numbers and exceptions so you’re tax-ready. Filing status and minimum income requirements ...
PFIC explained: What it is and how it affects US taxpayers
Today, there are thousands of registered PFICs worldwide, covering many investment options, including foreign mutual funds, index funds, ETFs, and foreign pension plans. Passive foreign investment company (PFICs) are foreign investment vehicles subject to complex US tax rules that often lead to high tax rates and strict reporting ...
What does the "FATCA Filing Requirement" box on Form 1099 mean?
If you received a 1099 Form at the beginning of the year, you might have noticed a FATCA filing requirement box. It may be checked or left blank, which can raise questions. What does this box mean? Should you check it yourself? Do you need to file any additional forms because of it? Below, we explain what the FATCA filing requirem...
How to file a tax extension in 2025: What to know if you need more time
Additional 2-month extension until December 15, 2025 ...
Foreign inheritance tax: Is your inheritance taxable in the US?
If you’ve received an inheritance from abroad, you may be asking: Do I need to report this to the US? The short answer: It depends. Even if no foreign inheritance tax is due, the Internal Revenue Service (IRS) has reporting rules you need to follow – or you...