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Category: Taxes

22 Mar
The Donald Posing with a bill which he has recently signed in the white house

How Trump’s Tax Changes Impact Americans Offshore

Trump threw us Americans with businesses overseas a curveball in December. His tax changes eliminated the deferred-tax status for U.S.-controlled foreign corporations. That opportunity to defer U.S. tax made it possible for Americans with small businesses overseas to build their businesses faster. Now what? All my global tax-expert friends and colleagues have spent the past […]

05 Mar
Donald Trump Signing A Bill In Front Of A Window. The View Outside Is Of Green Trees, Trump Is Sitting At A Wooden Table And Not Wearing A Tie

What Trump’s New Tax Bill Means For Your Offshore Business

Thanks, Trump Expats were hoping for better from the tax bill that Trump signed back in November. Rumors were bandied about that he might, for example, eliminate the worldwide taxation based on citizenship that we Americans abroad are saddled with. In fact, had he done that (he did not), it would not have made much [...]
07 Dec
EU Blacklist Countries 2

EU Blacklists 17 Tax Havens, Another 47 On Gray List

The EU has this week released a short list of 17 countries it is officially putting on notice because of their taxation policies. Panama is on that list. So is South Korea… as well as the U.S. territories of American Samoa and Guam. In addition to this so-called blacklist, the EU has also named 47 […]

02 Nov
Enjoying A Drink and learning about taxes

Ten Women Walk Into A Bar… And Learn About U.S. Taxes

Anticipation continues to build for details of the promised U.S. tax reform measures. House Republicans delayed release of the specifics yesterday and promised to share them today. I’ll have my thoughts on what, if any, effects the proposed changes will have on Americans living, investing, and doing business offshore as soon as any real information […]

26 Oct
Will Congress Eliminate Worldwide Taxation Of U.S. Citizens? vuew of the US capitol building

Will Congress Eliminate Worldwide Taxation Of U.S. Citizens?

Talk about potentially eliminating the worldwide taxation of U.S. citizens is getting some expats excited. In theory… if the proposed change were approved… that would put U.S. citizens on par with citizens of every other country in the world except Eritrea, the only other country that also taxes citizens on worldwide income no matter where […]

28 Sep
A desk with laptop, glasses, calculator, and euros

Resources For Filing Taxes As An American Abroad

The Oct. 15 final deadline for every American who asked for an extension for filing his 2016 U.S. tax return is racing toward us… and I still need to complete mine. Kathleen and I return to Paris this weekend… and I know how I’ll be spending my first two weeks back in the City of […]

10 Apr
IRS Tax Deadline Extension Ending Today

IRS Tax Deadline Extension Ends April 18th

Answers To Two Important U.S. Tax Questions It’s tax time again for us Americans. That is, this Tuesday, April 18 (April 15 is a Saturday and April 17 is a holiday in D.C.), is the reporting deadline for those of us who haven’t filed for an extension until October. How many tax dates do we [...]
13 Mar
paying offshore taxes by yourelf

Why I Fired My CPA And Started Doing My Own Offshore Taxes

Zen And The Art Of Taxes For The American Abroad I’ve been preparing U.S. taxes since I was in high school. My first office job as a teenager was working for a small CPA firm in Phoenix, Arizona. That group trained me, over the three years I worked for them, in the basics of tax [...]