ROCKLAND In honor of Trekkers’ 30th year anniversary, the nonprofit youth mentoring organization will host a silent art auction after a 4-year hiatus. As a nod to the Trekkers’ spirit of adventure, the theme of this year’s auction is “journeys”.
Understanding Tax Reporting for U.S. Citizens Living Abroad
U.S. citizens move abroad for lots of different reasons a better quality of life in retirement, a career opportunity, to explore, or for love of a particular person or place but all expats share one very important trait: a sense of adventure.
However, moving abroad involves lots of logistical planning, and financial considerations should always feature near the top of the list, including the requirement that U.S. citizens must still file U.S. taxes after their move overseas.
U.S. Tax Rules for U.S. Citizens Living Abroad
The U.S. has a citizenship-based taxation system. It’s the only developed nation that has this sort of tax system, rather than a residence- or territorial-based system.
2021 US tax updates and filing requirements for Americans in the Netherlands
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Allyson Lindsey, Managing CPA and Partner at Bright!Tax, a leading provider of US expat tax services, tells us about US tax requirements for Americans living in the Netherlands in 2021.
Living in the Netherlands as an American is most often both a charming and invigorating experience, thanks to the local people, customs, and culture. Americans in the Netherlands still have to file US taxes though, often as well as Dutch taxes, on their worldwide income.
Allyson Lindsey, Managing CPA and Partner at Bright!Tax, a leading provider of US expat tax services, provides us with some US tax tips for Americans living in Costa Rica in 2021.
Costa Rica is among the top destinations for Americans seeking to live abroad for a bounty of good reasons – the sublime natural environment, the temperate climate, the hospitable people, and the quality of life, to name but a few.
All American citizens still have to file U.S. taxes after moving to Costa Rica though, reporting their global income. This is because U.S. has a citizenship-based as opposed to a residence-based tax system.