Financial insights for U.S. Expats living and working in Europe.
2024 End-of-Year Tax Planning Checklist for U.S. Expats
End-of-year tax planning is especially important for U.S. expats, as they have additional tax considerations to take into account. Here is a detailed checklist of what to review so you're set up for a successful tax season.
3 Financial Considerations When Moving Abroad with a Family
Deciding to move abroad from the U.S. with your family is an exciting and life-changing decision, and, for high-earners, planning is especially critical. Citizenship-based taxation means that as long as you hold a U.S. passport, you are likely required to continue filing U.S. tax returns – even when you move abroad. What’s more, the strategies around everything, including how to file your tax return and financially plan for your future, change depending on the country you’re moving to.
Upcoming Events Featuring Arielle Tucker, CFP®, EA
As we get into the thick of tax season, Arielle Tucker, CFP®, EA, of Connected Financial Planning will be hosting several events focused on providing financial education and key information for U.S. expats and Americans living in Europe.
Best Places to Move Abroad with Family (Based on Experience)
Raising a family is a deeply rewarding but undeniably challenging experience, particularly in the U.S. Today, many American parents are moving to Europe in search of a better work-life balance. Many countries within the EU are attractive to American parents due to the bloc’s emphasis on community, safety, and quality of life. So, first things first: How can an American family move to Europe?
Does Germany Allow Dual Citizenship for U.S. Citizens?
Wondering if Germany allows dual citizenship for U.S. citizens? This article explains the rules, pathways, and recent changes in German dual citizenship law, along with the benefits and challenges. Learn how U.S. citizens can retain their citizenship while becoming German nationals, and get expert advice on navigating the cross-border financial implications of dual citizenship.
Navigating Citizenship-Based Taxation as a U.S. Expat
Citizenship-based taxation impacts U.S.-connected people, including citizens, green card holders, and others with U.S. ties. This article explores the complexities of American tax obligations for those living abroad, providing insights for expats and anyone planning to move overseas. Understanding these regulations helps ensure compliance and minimize tax liabilities while navigating the unique challenges of living outside the United States.
US Expat Taxes: How to File from Abroad in 6 Simple Steps
As an American, filing US taxes while living abroad can be challenging if you don't know where to start. That's why we wrote this handy guide!
What is a PFIC? The Must-Have Guide for U.S. Expats in Europe
Navigating the financial landscape as an American expat living in Europe comes with its unique set of challenges, particularly when it comes to understanding and complying with U.S. tax obligations. For U.S. citizens and green card holders, one crucial aspect is the requirement to file a U.S. tax return regardless of where they reside. This obligation significantly impacts long-term investment strategies, especially concerning Passive Foreign Investment Companies (PFICs). Fortunately, we know a thing or two about navigating this tricky reporting requirement!
US Tax Extension for Expats (Updated for 2024)
Many US expats require tax extension requests, it takes a lot of time and energy to request and collect your foreign documents. If you were abroad on April 18, 2024, you received an automatic extension through June 17, 2024. If you need more time, follow these instructions to obtain an extension through October 16, 2024.