There is a saying that moving to Denmark is the best idea if the Viking spirit runs through your veins. American expats living in Denmark always praise a mild climate and friendly people in this country. However, the biggest concern of most expats is a high rate of taxes in...Read more
Expat Tax Planning Strategies: Charitable Contributions and Social Security Benefits
The year is coming to an end. Christmas is the time full of joy and happiness. However, it is also the best time to review and implement 2014 year-end expat tax planning strategies. We get multiple questions from American expats living abroad about various deductions and social security benefits. The...Read more
What do FBAR Form 114 and FATCA have in common?
The IRS and Department of Treasury have undertaken multiple steps lately to enforce the FATCA compliance among the US citizens and green card holders. Most US expats are aware of the FBAR form 114 (Report of Foreign Bank and Financial Accounts). However, the FATCA (Foreign Accounts Tax Compliance Act) that...Read more
2014 Income Tax Changes You Should Be Thinking About Now
Before you know it, 2014 is going to be behind you, and you’ll be looking for your W-2 to arrive. Just like in past years there are going to be some noticeable changes on your 2014 income tax forms. Some of these may adjust the amount you are accustomed to...Read more
How do American expats living abroad celebrate Thanksgiving?
How do American expats celebrate Thanksgiving abroad? Some friends asked me this question so it provoked me to share some thoughts. It has been a busy few days for me, all normal for this time of the year. As I grow older though, I have come to realize that us...Read more