Contact UsWhat are tax implications that expatriates living in two countries often overlook? I live part of the year in Florida and part of the year in the United Kingdom.
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Chuck Heyde, CPA, CGMA
Very loaded question.... There are lots to look at. But off the top of my head:
1) foreign tax credits (passive and general)
2) foreign exclusion - http://gemms.us/tools/foreign-earned-income-exclusion
3) FBAR - http://gemms.us/fbar
4) Foreign Financial Assets - http://gemms.us/foreign-financial-assets
5) US / UK Treaty - especially the taxability of Pensions
6) Totalization - http://gemms.us/totalization
Hope this helps.
Best regards,
Chuck Heyde, CPA, CGMA
www.GEMMS.us
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576 weeks ago
1) foreign tax credits (passive and general)
2) foreign exclusion - http://gemms.us/tools/foreign-earned-income-exclusion
3) FBAR - http://gemms.us/fbar
4) Foreign Financial Assets - http://gemms.us/foreign-financial-assets
5) US / UK Treaty - especially the taxability of Pensions
6) Totalization - http://gemms.us/totalization
Hope this helps.
Best regards,
Chuck Heyde, CPA, CGMA
www.GEMMS.us
Question Owner
Chuck,
Thank you sincerely for the extraordinary advice you provide to our guests on TaxConnections. Although we have yet to meet or speak the entire TaxConnections Team considers you a GREAT TAX PRO!
Kind regards,
Kat Jennings, CEO
TaxConnections
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573 weeks ago
Thank you sincerely for the extraordinary advice you provide to our guests on TaxConnections. Although we have yet to meet or speak the entire TaxConnections Team considers you a GREAT TAX PRO!
Kind regards,
Kat Jennings, CEO
TaxConnections