Retiring abroad is a dream for many individuals seeking adventure, a change of scenery, or a more affordable retirement lifestyle. While retiring to a foreign country can be an exciting...
Posted by Rosovich & Associates, Inc. on 10/31/2023
Since nonresident and resident aliens are taxed differently, it is important to determine your status. You are considered a nonresident alien when you are not a U.S. citizen or a U.S....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/01/2022
We not only avoid debt or pay taxes to stay out of trouble but more because it reflects on an individual's responsibility. Doing something because it is one's duty to avoid...
Posted by Rosovich & Associates, Inc. on 02/28/2022
If an individual meets the criteria for foreign income exclusion, they can enjoy this tax benefit. This exclusion also entails the foreign housing exclusion and the foreign housing...
Posted by CORE PERFORMANCE on 10/09/2021
Expats, short for expatriates, are people who are based in a country other than their home country. It is sometimes believed that these people have denounced their country and decided...
Posted by CORE PERFORMANCE on 04/26/2021
Living and working abroad is an incredibly interesting opportunity. However, because U.S. taxes are based on citizenship, Americans living in a foreign country must continue to file...
Posted by Flynn Financial Group Inc on 07/09/2020
Provided that the debts were properly paid off, filling for the IRS tax extension might be easier than what it seems.There are a lot of reasons why we need tax extensions. Some of...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 04/20/2020
When making a move abroad for retirement, it’s important to consider a few important things including your finances. Making sure arrangements are in place to make managing finances...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 08/23/2019
If you are a foreigner (not a US citizen), you are considered a non-resident alien if you do not pass one of the two exams. You are a foreign resident of the United States for tax...
Posted by Global Accounting on 04/09/2019
