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…authority means that you have some level of control over the disposition of assets through direct communication with the institution. One common example of this is when an elderly parent…

…catch up using the Streamlined Filing Compliance Procedures. This IRS amnesty program will allow you to come into compliance without the usual fines. 2. Not Reporting All Taxable Income When…

…treaties, and staying compliant with state and federal tax laws.  For complex tax situations, seeking professional advice can ensure you optimize your tax strategy and avoid costly mistakes. Staying compliant…

…How to File Form 8854  Form 8854 is an incredibly complicated form to complete. We do not recommend completing this form yourself, as even a minor mistake or miscalculation could…

…to be reported on the individual FBAR form.  US Companies with Foreign Accounts A US company is any corporation, partnership, LLC, trust, or estate formed or organized under the laws…

…lowest standard deduction, filing as Head of Household gives you a higher standard deduction, and Married Filing Jointly gives you the highest standard deduction. https://www.youtube.com/watch?v=w9tec_s4c5U&t=79s Can I File Single If…

…income tax return. Totalization Agreements can help expats avoid double taxation and reduce their US tax burden. https://www.youtube.com/watch?v=7bid2tl7sLI Do Expats Receive Social Security? All US citizens can receive Social Security…

…or transferor to, a foreign trust?” If yes, you may have to file Form 3520. RRSPs are often considered a foreign trust. You can red more about RRSP’s here: https://www.greenbacktaxservices.com/blog/the-abcds-of-rrsps-and-resps-for-expats-in-canada/…

…US Corp – Form 5472 – $215 Schedule K-2 and K-3 – $95 (Now required along with Form 8865) Learn more about our small business tax return preparation here: https://www.greenbacktaxservices.com/services/small-business-tax-return-for-americans-living-abroad/…

…provided by your child under the age of 19 (tax dependent or not), the child’s parent, or another tax dependent. Read more on this on the IRS website, here: https://www.irs.gov/taxtopics/tc602…

…3.) Subtract any amounts allowed via depreciation and/or insurance payouts (for casualty and theft losses) You can find more information on calculating your capital gains in our article here: https://www.greenbacktaxservices.com/blog/capital-gains-and-losses-on-your-expat-tax-return/…

…and who generally are easy and nice to work with! David McKeegan, Greenback Co-Founder https://www.youtube.com/watch?v=DEof0rjyRpM Boundless opportunities. Complete location independence. Unprecedented work-life balance. Why work at Greenback Expat Tax Services? You believe…