When you Marry a Foreigner in a Foreign Land: US Tax Filing And Wedded Bliss

marriage and taxes

You are an American expat and you just got married to your exotic, foreign love. Congratulations! We wish you a life full of happiness, health and uncomplicated tax filings.

As newlyweds, you probably have a million more important things on your minds than filing US tax returns. But, before you know it, mid-April will be here and you need to be well-informed of your choices before you make the …


FBAR Foreign Banking

While most U.S. expats annually file their general 1040 tax returns to the Internal Revenue Service (IRS), many forget they are also required to file a Foreign Bank Account Report (FBAR) with the U.S. Department of Treasury, which was due April 18.

This is one of the many common problems U.S. expats experience in dealing with the IRS and Department of Treasury, says Pesach Woznica, President of Expat Tax CPA’s. “If …

Many U.S. Expats Required to Pay Taxes to Federal and State Government

Many U.S. citizens and green card holders living in foreign countries (expats) are aware they must file a federal tax return with the Internal Revenue Service (IRS).

However, very few know the states of California, South Carolina, Virginia and New Mexico also require them to file a state income tax return, says Pesach …

Spring Cleaning Your Finances: Be Prepared for Filing Taxes

Spring Cleaning Your Finances: Be Prepared for Filing Taxes

Every year in early March, many US expats notice the date, realize that tax-time is approaching, and get overwhelmed. For US expats around the world, the issue of filing taxes in our home country and in the USA feels like a really big deal. It is a task that cannot be avoided, though. In order to alleviate the extra anxiety, I recommend a “Spring Cleaning” of your financial …

The New 2017 Self Employment Tax Law

Self Emloyed

There is a new law that was passed and takes effect as of January 1, 2017 regarding a mandatory requirement for all self-employed individuals to put away money in a pension and unemployment fund.

This new law will be enforced from January 1, 2017, and will apply to all self-employed individuals in Israel from age 21 and until age 55. The law requires depositing money into pension …

The Best Bank Account and Credit Cards to Use While Overseas

Withdrawing money from an ATM abroad or paying with your US credit card when traveling outside of the US can cost you some big bucks. Between ATM withdrawal fees and foreign transaction fees, you can rack up a few hundred dollars during your trip. When you withdraw local currency from a …

U.S. Expats Must File Tax Returns With IRS

Despite the fact that the United States has reciprocal tax treaties with numerous countries, U.S. citizens living in them (expats) must also file tax returns with the U.S. Internal Revenue Service (IRS), even though they may not have any taxes to pay.

Unfortunately, almost 60 per cent of the estimated …

Making Aliyah to Israel? These 9 Aliyah Blogs Have All the Info That You Need For a Soft(er) Landing

Aliyah blog - making Aliyah to Israel

Making Aliyah to Israel can be a very challenging process. The following list of Aliyah blogs can help soften your landing. Getting the right Aliyah resources can literally save you hundreds of hours of frustration and thousands of dollars. Learn from the pros on how to do it right and what to do when things go wrong.

A Mother In Israel
As they say, “Mother knows best”. This blog …

  • Posted: December 21, 2016
  • Tags: Israel
  • Comments: 2

Update: Tax Break Package 2016 (Israel)

Israeli Citizen Paying His Taxes (circa 1960-65)

Who is eligible?

Only 3 people are eligible for Israeli  tax benefits:

“Oleh” – A new immigrant
“Senior Returning Resident” – Citizens of Israel who return after 10 years of living …

  • Posted: November 23, 2016
  • Tags: Israel
  • Comments: 0

The Impact of BREXIT on U.S. Expats Living in the U.K.

Last month’s decision by the United Kingdom to leave the EU sent shockwaves across the financial world. Financial markets became reacted with volatility, and the value of the British Pound plummeted to 31 year lows.  Brexit will also have a unique impact on US expats living …