There are many of the tax misconceptions that exist regarding expat life, but you really can pay little to no taxes and keep your US citizenship--while staying in good standing with the US Government.
US expats have enjoyed special tax treatment for more than 80-years now. The US government’s expat tax breaks are crucial in keeping Americans working abroad competitive with expat workers from other countries. Why? The US is the only major country in the world to tax its citizens and green card holders no matter how long they live and work outside the United States.
So, without the expat tax breaks in place, US expats working overseas would be at a substantial competitive disadvantage versus expats from other countries—as expats from other countries enjoy far more favorable tax-free laws.
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We help you navigate the complexities of US tax laws, as there are little-known IRS rules and reporting requirements when you ‘go international.’ You face penalties—sometimes quite hefty—as well as losing your beneficial tax-breaks for not complying with these little-known regulations. Do yourself a favor and get your own professional plan in place from our experienced international tax strategists.
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