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Tag Archive for Tax Nomad

Taxes For U.S. Expatriates Living In Mexico

What U.S. citizens in Mexico need to know about their tax obligations?

Are you one of the more than 1 million expats living out your golden years in Mexico? Social Security and pension checks certainly go far in this tropical paradise, but there are two important things for US expats in Mexico to remember to do in the spring of each year: file a US tax return, file a Mexican tax return. You want to stay tax compliant no matter where you choose to spend your time. Read more

Expatriate Offshore Banking: Best Overseas Banks For US Citizens

About Expatriate Offshore Banking For US Citizens
As a US expat tax firm, we are regularly asked about expat offshore banking, best overseas countries, and banks for US citizens and incorporation. It’s a well-known fact that a right bank can save money for full-time US expats and US citizens traveling abroad over an extended period. Many Americans living (semi-)permanently abroad are looking into ways to invest through financial institutions either in their place of residence, in popular financial city centers or in offshore destinations. When choosing a bank, everyone usually pays attention to following criteria:

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Form 2555: Keep More Of Your Foreign Earned Income As A U.S. Expatriate

Living and working abroad comes with many exciting benefits. In addition to exploring new lands and learning about new cultures, expats often earn additional income beyond just their regular salary. Foreign earned income can come in many forms. In addition to the wages that are earned, those who are working outside the United States also must declare as income bonuses, tips, commissions, and the like.

It is also common for expats working overseas to have non-cash income as part of their employment package.
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How Does The Foreign Earned Income Exclusion Work?

Living and working abroad comes with many exciting benefits. In addition to exploring new lands and learning about new cultures, expats often earn additional income beyond just their regular salary. Foreign earned income can come in many forms. In addition to the wages that are earned, those who are working outside the United States also must declare as income bonuses, tips, commissions, and the like.
It is also common for expats working overseas to have non-cash income as part of their employment package.

Read more