Expat Tips
Tips from expats and experts around the world about moving abroad and expat life.
When living abroad, make sure you know you're not 'invisible' to the taxman!
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The Foreign Account Tax Compliance Act (FATCA) has allowed governments to crack down on people trying to avoid their tax liability. Governments around the world are working together to make sure you're paying the taxes you're supposed to. Most financial institutions are reporting financial data to their governments, who are turning information over the IRS. It's best to not avoid your taxes - simply (Continue Reading)
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David McKeegan, Greenback Expat Tax ServicesDavid's Tips | Q&A | Full Bio & Company Info
David is an IRS Enrolled Agent, an MBA and an experienced finance professional and entrepreneur. David and his wife, Carrie, were frustrated with the process of filing their expat taxes. They found plenty of accountants, but few who could accurately prepare expat taxes. There were expensive accountants who treated them like a number and US CPAs who were well meaning, but not up to date on the rules as they apply to expats. Together they decided there had to be a better way. So they created the kind of company they wanted to work with - and Greenback Expat Tax Services was born!
Go for it !!
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Being an expat for 10 years now I am very satisfied with my decision to become one ! I've always thought " I can go back anytime ". Furthermore, if I didn't even try it, I would probably be unhappy with myself for as long as I live ! I've also thought, well I wouldn't even be thinking of moving abroad if I was content here in my birthplace country.. (Continue Reading)
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kkmail
Moving to Belize
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Besides the container shipping companies, there are movers that will drive your car, packed with all your worldly possessions and things you believe you cannot live without to Belize. You and your pet are also welcome to come with him. From Houston to Belize, the time-frame of the trip is usually 3 days. (Continue Reading)
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Rainforestbelize
Be aware of the intricacies of renouncing your US citizenship.
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While renouncing citizenship has become a popular thing to do, you should know it doesn't automatically help you avoid US taxes. In order to renounce, you must prove that you've been compliant on the last five years of US taxes. Also, depending on your income and net worth, you may be subject to an 'exit tax' when you renounce. (Continue Reading)
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David McKeegan, Greenback Expat Tax ServicesDavid's Tips | Q&A | Full Bio & Company Info
David is an IRS Enrolled Agent, an MBA and an experienced finance professional and entrepreneur. David and his wife, Carrie, were frustrated with the process of filing their expat taxes. They found plenty of accountants, but few who could accurately prepare expat taxes. There were expensive accountants who treated them like a number and US CPAs who were well meaning, but not up to date on the rules as they apply to expats. Together they decided there had to be a better way. So they created the kind of company they wanted to work with - and Greenback Expat Tax Services was born!
Hold on to your IRS records for at least six years.
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The audit time period recently changed from three years to six years, so it's important to keep accurate records and documentation during this time frame. (Continue Reading)
SUBMITTED BY EE Expert
David McKeegan, Greenback Expat Tax ServicesDavid's Tips | Q&A | Full Bio & Company Info
David is an IRS Enrolled Agent, an MBA and an experienced finance professional and entrepreneur. David and his wife, Carrie, were frustrated with the process of filing their expat taxes. They found plenty of accountants, but few who could accurately prepare expat taxes. There were expensive accountants who treated them like a number and US CPAs who were well meaning, but not up to date on the rules as they apply to expats. Together they decided there had to be a better way. So they created the kind of company they wanted to work with - and Greenback Expat Tax Services was born!
