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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 Facebook 2021 US tax updates and filing requirements for Americans in the Netherlands SHARES Facebook What s up 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. ....
Tashi-Delek/Getty Images Allison Lindsay didn’t dream of being a contact tracer. She came to the State University of New York at New Paltz as an athletic trainer in 2017. But when the college reopened in the midst of the pandemic, she suddenly had a new job. “It’s always difficult not doing what you like to do and are trained to do,” she said. “[But] I personally have found it pretty fulfilling and also think it’s really important to contribute to the university’s effort to protect the students and the community.” Contact tracing and disease intervention is not a new profession. The practice goes back hundreds of years. But this year, contact tracers’ numbers grew by the thousands. On college campuses, they are part of the new, rapidly deployed pandemic workforce. ....