You’ve probably heard the expression that the only two things certain in life are Death and Taxes. The United States’ Internal Revenue Service (the IRS) works very hard at making...
Results for "IRS Form"
Form I-407: How to Relinquish Your Green Card
This article discusses Form I-407 (Record of Abandonment of Lawful Permanent Resident Status), its filing process, and the consequences of filing it. We will also discuss some...
FBAR Form Filing & Due Dates: The Ultimate Guide
FBAR is an acronym commonly used to refer to FinCEN Form 114, “Report of Foreign Bank and Financial Accounts.” When filing FBAR, you need to make sure that you get everything...
IRS Currency Exchange Rates for Expat Tax Returns
If you are a US citizen living abroad, you are required to file your annual taxes based on your worldwide income, not merely income earned in the US. In most cases, this will...
What is an IRS Currency Transaction Report?
Suppose you recently took a trip to Las Vegas, and you got lucky – in fact, you took home more than $10,000 in gambling winnings. In that case, you likely have a Currency...
Form 8833: How to Claim Income Tax Treaty Benefits
This article explores how to take advantage of the provisions in tax treaties to reduce your taxes on foreign-earned income. Say you’re a six- or seven-figure US-based...
The Unforeseen Consequences of the Trump Tax Reform on US Expats
Dateline: Tbilisi, Georgia Just last week, the House and Senate approved the Tax Reform bill and President Donald Trump signed it into law last Friday, December 22nd before...
Andrea Featherstone: Mindfulness transformed every aspect of my pessimistic life #NomadWeek
Andrea Featherstone from Project Self for Nomad Week This post is part of our second ever Nomad Week series, where we interview interesting Nomad Capitalists all across the...
Taxman Spying: How to Live in the IRS Surveillance State
Dateline: Lakeland, Florida, United States Any astute investor understands that the largest and most persistent threat to his or her asset appreciation is taxation. That's why...
Scare tactics the IRS uses to discourage offshore banking
I spent this past weekend at the Liberty Mastermind conference in Dallas, it was half-jokingly suggested that the organizers might as well have hosted a liberty event in North...