Written by: Josh Katz, CPA As the October 15 tax deadline approaches, US expats must prepare to finalize their tax returns to meet their obligations to the IRS. If you need assistance with filing your US taxes, don’t hesitate to reach out to Universal Tax Professionals. We specialize in providing comprehensive US expat tax services tailored […] The post October 15 Tax Deadline: Common Mistakes US Expats Should Avoid appeared first on Universal Tax Professionals ..read more

Written by: Josh Katz, CPA In an increasingly globalized world, many Americans and foreign nationals are establishing businesses in the United States while living abroad. While this venture can be lucrative and rewarding, it also introduces unique financial complexities, particularly when it comes to bookkeeping. For companies owned by US expatriates or foreign investors, maintaining accurate […] The post Bookkeeping for US Companies appeared first on Universal Tax Professionals ..read more

Written by: Josh Katz, CPA For US citizens living abroad, keeping up with tax deadlines can sometimes be tricky. While the IRS offers an automatic extension to file your tax return until June 15th, this extended deadline may not always be sufficient for every expat. Complex financial situations, delays in receiving necessary documents from foreign sources, […] The post December 15: Second Tax Extension for US Expats appeared first on Universal Tax Professionals ..read more

Written by: Josh Katz, CPA Missing tax filings can be a daunting situation, especially if you’ve neglected to file for several years. For American expats facing this issue, the IRS offers solutions to get back on track and avoid significant penalties. One effective option is the Streamlined Filing Compliance Procedures, which are tailored for US citizens […] The post How to Become Tax Compliant If You’ve Missed Filing for Years? appeared first on Universal Tax Professionals ..read more

Written by: Josh Katz, CPA For Americans living abroad, reporting foreign bank interest and dividends on a US tax return is crucial for American expat tax compliance. These foreign financial earnings must be accurately reported and may require additional forms beyond the standard tax return. Here’s how to navigate this process effectively. Report Foreign Bank Interest […] The post How Do I Report Foreign Bank Interest and Dividends on My US Tax Return? appeared first on Universal Tax Professionals ..read more

Written by: Josh Katz, CPA For American expats, understanding the tax implications of Social Security benefits while living abroad can be complex. Whether your Social Security benefits are taxable depends on factors like your total income, tax residency status, and any applicable tax treaties between the US and your country of residence. Here’s a comprehensive guide […] The post Are Social Security Benefits Taxable While Living Abroad? appeared first on Universal Tax Professionals ..read more

Written by: Josh Katz, CPA Filing a US tax return as a self-employed American expat can be a complex process, but it’s essential to ensure you comply with US tax laws. Whether you’re freelancing, running a business, or earning income through independent contracting, here’s a quick guide on navigating your American expat tax obligations as a […] The post How do I file a US tax return if I’m a Self-Employed American Living Abroad? appeared first on Universal Tax Professionals ..read more

Written by: Josh Katz, CPA The Child Tax Credit (CTC) is a valuable benefit for US taxpayers with qualifying children. If you’re a US citizen or resident living abroad, you may still be eligible to claim CTC, but the process involves some specific considerations. Here’s a guide to help you navigate claiming the Child Tax Credit […] The post How to Claim the Child Tax Credit (CTC) If You Live Abroad? appeared first on Universal Tax Professionals ..read more

Written by: Josh Katz, CPA The Child Tax Credit (CTC) is a valuable benefit for US taxpayers with qualifying children. If you’re a US citizen or resident living abroad, you may still be eligible to claim CTC, but the process involves some specific considerations. Here’s a guide to help you navigate claiming the Child Tax Credit […] The post How to Claim the Child Tax Credit (CTC) If You Live Abroad? appeared first on Universal Tax Professionals ..read more

Written by: Josh Katz, CPA The Child Tax Credit (CTC) is a valuable benefit for U.S. taxpayers with qualifying children. If you’re a U.S. citizen or resident living abroad, you might still be eligible to claim this credit. Here’s a guide to navigating the process of claiming the Child Tax Credit while managing your American tax […] The post What Should I Do If I Missed the Deadline for Filing My US Taxes While Abroad? appeared first on Universal Tax Professionals ..read more