Federal and state taxes can be a complex and often times a confusing topic, especially for digital nomads and expat business owners who live abroad yet want stay in good graces of the United States. Digital nomads often face unique…
The Internal Revenue Service (IRS) recently announced new procedures that may allow certain expats to become complaint with their United States tax filing obligations and even receive relief for their back taxes regardless of whether or not they have relinquished…
The Foreign Earned Income Exclusion and Foreign Tax Credit benefits usually alleviates the need for most expats to pay US expat taxes. However, expats still need to file taxes annually if their gross worldwide income is over the filing threshold,…
An ITIN, or Individual Taxpayer Identification Number, is a tax processing number only available for certain United States non-resident and resident aliens, their spouses, and dependents who are not eligible for a Social Security Number (SSN). It is a nine-digit…
At this point in life, we all understand that as a U.S. citizen you must pay federal taxes on income earned worldwide, but there are some exclusions that are important to know about. The Foreign Earned Income Exclusion is for…
In this article & video we are going to answer the question, what is FIRPTA. Basically, FIRPTA stands for Foreign Investment Real Property Tax. It is designed for people who invest in real estate in the United States. The reason…
Foreign Investment in Real Property Tax Act (FIRPTA) withholding is the withholding of tax on dispositions of United States real property interests. FIRPTA applies to foreign individuals who intend to sell a real property located in the United States. FIRPTA…
Navigating through the many intricacies of international tax laws can be confusing and complicated. Common questions often arise, from when to file taxes overseas to how to apply for a Taxpayer Identification Number. CPA Accounting & Tax Services specializes in…