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Expat Finance

Expat tax and finance are all daunting issues for new expats.

Expert Tax Tips

When living abroad, make sure you know you're not 'invisible' to the taxman!
by Expert Tax Advisor David McKeegan, Greenback Expat Tax Services

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

Be aware of the intricacies of renouncing your US citizenship.
by Expert Tax Advisor David McKeegan, Greenback Expat Tax Services

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

Hold on to your IRS records for at least six years.
by Expert Tax Advisor David McKeegan, Greenback Expat Tax Services

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

Do your research to know if you're required to file a state tax return.
by Expert Tax Advisor David McKeegan, Greenback Expat Tax Services

If you have any ties to the state, like mortgage payments on property, a state driver's license, voter registration, etc., you may be responsible for filing state taxes until and unless you can prove residency in another state. This varies by state, so be sure to review your state's tax guidelines. ... Continue Reading

Be sure to keep track of the FBAR filing deadline to avoid penalties.
by Expert Tax Advisor David McKeegan, Greenback Expat Tax Services

Currently, the FBAR is due June 30, 2016 for the 2015 filing year with no filing extensions. Beginning next year, the deadline is moving to the same day as Tax Day - April 15th - and you'll have the same filing extension options as you do for your tax return. You'll receive an automatic two-month extension if you're living overseas on April 15th, and may request an extension up until October 15th.... Continue Reading

See if you qualify for the Foreign Earned Income Exclusion by passing a residency test.
by Expert Tax Advisor David McKeegan, Greenback Expat Tax Services

There are two types. The first is the Physical Presence Test, which requires that you are physically present in a foreign country for 330 of any 365-day period. The second is the Bona Fide Residence Test, which requires you to have lived overseas for at least one calendar year and have no immediate intention of moving back to the US.... Continue Reading

Know the ins and outs of taxation related to your Social Security benefits.
by Expert Tax Advisor David McKeegan, Greenback Expat Tax Services

You must report your Social Security benefits as income on your expat tax return. Generally, if you have other income, your benefits will be taxed. If they are, only 85% of your benefits can be considered taxable income.... Continue Reading

Continue to receive your Social Security benefits when retiring abroad.
by Expert Tax Advisor David McKeegan, Greenback Expat Tax Services

If you're considering retiring abroad, you'll be able to collect your Social Security benefits in just about any country in which you choose to live. There are just a few countries where you cannot receive your benefits - but you can always collect all monies owed to you when moving to a country that allows US Social Security payments.... Continue Reading

Catch up on your tax returns and FBAR forms without penalties.
by Expert Tax Advisor David McKeegan, Greenback Expat Tax Services

If you didn't realize you needed to file your expat taxes or FBAR forms, the IRS has an amnesty program you may use to catch up on your filing. The Streamlined Filing Procedures allows you to become compliant with no late filing or FBAR penalties. Simply file the past three years of tax returns and last six years of FBAR forms. ... Continue Reading

Know the US tax filing deadlines and file an extension if needed.
by Expert Tax Advisor David McKeegan, Greenback Expat Tax Services

If you're living outside the US on Tax Day (April 15th), you have until June 15th to file your expat taxes. It's important to note, though, if you owe taxes, the amount owed is still due by April 15th. Any taxes owed will accrue interest until you make the payment. ... Continue Reading

Expat Tax & Overseas Tax

Expat tax is one of the most important aspects of managing one's finances after a move abroad. Do not neglect offshore tax issues or wait until the last minute to explore the financial implications of international living. The articles below will help you start your research into expat taxes.

Expat Taxes -- Top Tax Updates Expats Should Know for 2017

It's time for U.S. expats to explore what they'll need to file properly for the 2016 tax year. David McKeegan of Greenback Expat Tax Services offers tax bracket information and others facts you need to know.

Expat Tax -- What Every U.S. Expat Needs to Know about Taxes

Cody Moore discusses FATCA and other reporting requirements for US expats including FINCEN Form 114, Form 8938, Form 5471 and Form 8865.

Expat Taxes -- June Is a Big Month for Expats - Here's Why!

Expat tax expert David McKeegan explains why June is such an important month for U.S. expats. From expat tax returns to FBAR, find out why you can't let the sixth month of the year sneak up on you!

We recommend these tax firms:

American Tax Group - Expat Tax Services

Expat Finance & Offshore Investment

Expat finance requires proper research while living overseas. Expats are often exposed to offshore investment opportunities not available at home. The articles in this section provides basic overseas finance information to consider while living abroad.

Expat Tax -- What Every U.S. Expat Needs to Know about Taxes

Cody Moore discusses FATCA and other reporting requirements for US expats including FINCEN Form 114, Form 8938, Form 5471 and Form 8865.

Are You Financially Ready to Live Abroad? -- 7 Financial Tips To Help You Live A Global Lifestyle

Whatever your reasons for wanting to live overseas and enjoy a global lifestyle, one thing you can still count on, is that you will have to manage your finances. Lisa R. Mitchell discusses financial tips for expats.

Managing Currency Risk -- Practical Guide to Building a Globally Diversified, Multi-currency Investment Portfolio

David Kuenzi explains how to properly incorporate currency considerations into a sound, long-term investment strategy is much easier than commonly understood.

William Russell Health InsuranceExpat Health Insurance

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William Russell Health InsuranceExpat Health Insurance

Get a quotes for international health insurance from our partner, William Russell.
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Expat-SurveyExpat Survey: Portugal Tops 2022 List of Best Countries for Expats

Expats, digital nomads and retirees have chosen Portugal as the best country to live in for 2022. Find out what other countries made it into the Top 10 as decided by our worldwide expatriate community.

Expats, digital nomads and retirees have chosen Portugal as the best country to live in for 2022. Find out what other countries made it into the Top 10 as decided by our worldwide expatriate communit...

Expat-SurveyExpat Survey: 95% of Expats in Portugal Love Living There

Our survey to determine the Best Places to Live in 2022 found that 95% of expats are either extremely or very satisfied with their life in Portugal.

Our survey to determine the Best Places to Live in 2022 found that 95% of expats are either extremely or very satisfied with their life in Portugal....

Expat-SurveyExpat Survey: More than 90% of Expats in Ecuador Rate It Highly

Our survey to find the Best Places to Live in 2022 revealed that 92% of expats in Ecuador report that they are happy with the expatriate experience there.

Our survey to find the Best Places to Live in 2022 revealed that 92% of expats in Ecuador report that they are happy with the expatriate experience there....

Expat-SurveyExpat Survey: Almost 90% of Expats in Spain Enjoy Their Life Abroad

Nearly 90% of expats in Spain report that they are enjoying their expat experience and that they love the international lifestyle found there.

Nearly 90% of expats in Spain report that they are enjoying their expat experience and that they love the international lifestyle found there....

Expat-SurveyExpat Survey: More Than 85% of Expats in Thailand Rate Experience Highly

Our new survey to find the Best Places to Live in 2022 revealed that 86% of expats in Thailand love their experience living there.

Our new survey to find the Best Places to Live in 2022 revealed that 86% of expats in Thailand love their experience living there....

Expat-SurveyExpat Survey: 85% of Expats in Panama Love Living There

Our survey to find the Best Places to Live in 2022 revealed that 85% of expats in Panama report that they are happy with the expatriate experience there.

Our survey to find the Best Places to Live in 2022 revealed that 85% of expats in Panama report that they are happy with the expatriate experience there....

Expat-SurveyExpat Survey: Nearly 90% of Expats in the U.K. Report Loving It There

Expats in the U.K. report a high level of satisfaction with their expatriate experience and the lifestyle afforded them there.

Expats in the U.K. report a high level of satisfaction with their expatriate experience and the lifestyle afforded them there....

Expat-SurveyExpat Survey: 85% of Expats in Italy Report Being Happy There

Our recent survey of expatriates found that 85% of expats in Italy love their experience living in the Mediterranean nation.

Our recent survey of expatriates found that 85% of expats in Italy love their experience living in the Mediterranean nation....

Expat-SurveyExpat Survey: 82% of Expats in Colombia Love Living There

Our recent survey found that 82% of expats in Colombia love their experience living in the South American nation.

Our recent survey found that 82% of expats in Colombia love their experience living in the South American nation....

Expat-SurveyExpat Survey: More than 80% of Expats in Mexico are Happy There

Expats in Mexico once again professed their love for their expatriate experience and international lifestyle. More than 80% agreed that it's all it's advertised to be!

Expats in Mexico once again professed their love for their expatriate experience and international lifestyle. More than 80% agreed that it's all it's advertised to be!...

Expat-SurveyExpat Survey: 80% of Expats in Costa Rica Love It

Our survey to find the Best Places to Live in 2022 revealed that 80% of expats are either extremely or very satisfied with their life abroad in Costa Rica.

Our survey to find the Best Places to Live in 2022 revealed that 80% of expats are either extremely or very satisfied with their life abroad in Costa Rica....

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