Expat Guide

Tuesday March 26 Posted by Expat News.

Roth IRA for American Expatriates

Americans living abroad are puzzled by retirement planning options. Roth IRA has always been a popular retirement account among American expatriates due to its tax-free growth. However, there are a lot of rules that American expats must be aware of before making a contribution. A failure to follow the expat...

Tuesday March 19 Posted by Expat News.

Americans Living Abroad and Expat Tax Filing Address

Americans living abroad always wonder about US expatriate tax return filing options. E-file is the most convenient and cheapest way to file American tax returns. However, U.S. citizens and green card holders might be required to file a paper tax return. Let’s review possible expat tax filing options. This is...

Sunday February 17 Posted by Expat News.

American expats with Fideicomiso and Foreign Trust

More and more Americans who own properties in Mexico find themselves in uncharted territory with the IRS. Fidecomisos are a hot topic among Americans expats living in Mexico. Many US citizens and green card holders are not aware of the fact that a fideicomiso is considered a foreign trust. A...

Friday February 15 Posted by Expat News.

Foreign Trust Beneficiary and Form 3520

American expatriates who are beneficiaries of the foreign trust have to follow the special IRS reporting requirements too. Earlier we discussed that the responsible parties, trust owner and trustee are responsible for filing trust forms 3520 and/or 3520-A. However, beneficiaries who receive distributions from the trust have to file form...

Tuesday February 12 Posted by Expat News.

Foreign Trust Owner and Form 3520-A

American expatriates who are owners of the foreign trust have to comply with strict IRS reporting requirements. Earlier we discussed general rules that the responsible parties of a foreign trust must follow. The form 3520 is not the only form that must be filed in regards to a trust with...