Investment Mistakes Made By Americans Abroad

Top Twelve Investment Mistakes Made By Americans Abroad David Kuenzi, CFP®, Founding Partner, Thun Financial Advisors (www.thunfinancial.com)   1)  Buying foreign mutual funds.  Foreign mutual funds may seem attractive to an American living abroad. However, in...

Hiding Money or Income Offshore

This post courtesy of IRS News Release: “Hiding Money or Income Offshore Resides on the IRS ‘Dirty Dozen’ List” IR-2016-17, Feb. 5, 2016 WASHINGTON — The Internal Revenue Service today said avoiding taxes by hiding money or assets in unreported...

Non-US author, do I need ITIN?

Non-US Author, do I need an ITIN? I am a resident from Australia and I have no ties (work or personal) to the USA.  I would like to publish my books on Amazon KDP, Createspace, Smashwords, etc. and complete my tax interview. But the form requires me to provide a US...

Expats: 10 tax tips for 2016

Expats: 10 tax tips for 2016 Expats here’s a list of 10 facts you need to know when filing your 2015 US tax return.  Filing season opens January 19.   Do you really need to file US taxes?  If you’re an American with income in excess of your filing...

Taxpayer Bill of Rights

Taxpayer Bill of Rights   The tax code includes numerous taxpayer rights, but they are scattered throughout the code, making it difficult for people to track and understand. Similar to the U.S. Constitution’s Bill of Rights, the Taxpayer Bill of Rights contains...

Protecting Americans from Tax Hikes Act – Extender

Extender 2015 Passed Tis the season for Congress to pass an extender bill – to continue many favorite tax credits and deductions. The PATH Act (Protecting Americans from Tax Hikes Act) was passed by the House and Senate then signed by President Obama last week....

Offshore Amnesty Programs Generate $8 Billion USD

$8 Billion USD Collected Amnesty This headline was so compelling, I had to share the IRS press release verbatim.  Dated October 16, 2015  IR-2015-116 WASHINGTON — With more than 54,000 taxpayers coming in to participate in amnesty offshore disclosure programs since...

Last minute FBAR notice

Last Minute: File FBAR by Tuesday June 30 This is a last minute reminder to get your FBAR electronically filed.  Filing deadline is next Tuesday, June 30.  US Citizens living abroad may have an obligation to electronically file a Foreign Bank and Financial Accounts...

Need more time to File 2014 US Tax Return?

If you’re a US citizen living abroad, you receive an automatic filing extension of 15 June.  If you’re not ready to file your US taxes by next week’s filing deadline, you can easily get a tax filing extension until 15 October by filing Form 4868....