What is IRS Form 2555? Form 2555 is a document for expats who want to or are eligible to exclude their foreign-earned income from taxes. As you fill out the form, you declare your different sources and types of income. Then, you attach it to your U.S. tax return. However, not all types of income … The post FEIE Form 2555 Benefit — a Guide for Expats appeared first on Tax Samaritan ..read more

You’ve spent your career contributing to Social Security with every paycheck. But now, as you look toward retirement, you may be wondering: ‘’Can my non-U.S. spouse claim Social Security benefits?’’ This is a common question among U.S. expats with spouses who aren’t U.S. citizens. The short answer? Yes, your non-U.S. spouse can qualify for Social … The post Can Your Non-U.S. Spouse Claim Social Security Benefits? Here’s What You Need to Know appeared first on Tax Samaritan ..read more

About The ITIN – Individual Taxpayer Identification Number If you earn money in the United States, whether you are a resident or immigrant (non-resident), documented or undocumented, you will have to file taxes. If you cannot obtain a social security number, then you will need to obtain an Individual Tax Identification Number, also known as … The post ITIN – Important Facts You Need To Know About The Individual Taxpayer Identification Number appeared first on Tax Samaritan ..read more

The new law of December 2017 brought major tax law changes for foreign corporation shareholders. This led to the creation of IRS Forms 8992 and 8993, as well as updates to Form 5471. This has significantly changed how controlled foreign corporations (CFCs) and U.S. taxpayers operate abroad and calculate their U.S. income tax liability. Challenges … The post Form 8992 GILTI Calculation Pitfall – Latest To Know For 2023 appeared first on Tax Samaritan ..read more

Expat Tax In Luxembourg – Expat Living In Luxembourg Luxembourg was the second richest country in the world in 2011 according to IMF. It is a landlocked country located in Western Europe and one of the smallest sovereign states in Europe.  The country has been a popular destination in recent years and immigrant population increased … The post Expat Tax In Luxembourg – Ultimate Info You Need To Know appeared first on Tax Samaritan ..read more

What is a W-9 Form? The IRS Form W-9, or  “Request for Taxpayer Identification Number and Certification,” is used by U.S. taxpayers to provide their correct Taxpayer Identification Number (TIN) to the person or entity requesting it. TIN is typically a Social Security Number (SSN) or Employer Identification Number (EIN).  The requester could be an … The post How to Complete W-9 Form for Independent Contractors and Freelancers appeared first on Tax Samaritan ..read more

Form 8858 is an IRS form requirement for people who own certain foreign entities. If the filing requirement applies, you must do it accurately and on time. What Is Form 8858? Form 8858 is entitled “Information Return of U.S. Persons with Respect to Foreign Disregarded Entities.” It is filed along with your annual income tax … The post Form 8858 – Practical Info – What Expats Need to Know appeared first on Tax Samaritan ..read more

What You Need to Know About The Form 8833 When a taxpayer elects to take a position that overrules or modifies any provisions of the Internal Revenue Code that results in a reduction of US taxes based on the article provisions of a treaty with another country, the taxpayer is required to file Form 8833 … The post What Is Form 8833? A Guide for Expats appeared first on Tax Samaritan ..read more

About 13 percent of the current U.S. population consists of immigrants. As a result, there is an increasing demand for information about the correct handling of tax situations involving Green Card holders and legal and illegal residents, such as foreign gift tax. Of course, with such a spotlight on ensuring that all government demands and … The post Foreign Gift Tax – Ultimate Insider Info Expats Need To Know For 2024 appeared first on Tax Samaritan ..read more

The United States has income tax treaties with a number of foreign countries. One of the tax treaty’s primary benefits is that it gives contracting country residents the security that they will not experience double taxation. Under these tax treaties and conventions, citizens and residents of the United States who are subject to taxes imposed … The post How to Claim Tax Treaty Benefits for U.S. Expats appeared first on Tax Samaritan ..read more