The new 2018 tax rules have changed some of the rules for year end tax planning.
Some of these rules might apply to expatriates and nonresidents. The foreign earned income exclusion and foreign tax credit rules do remain the same as the past. However if you own a foreign corporation the new GILTI tax may apply and force you to pay tax on undistributed income from your foreign corporation.
Read more about some year end tax planning suggestions from AARP HERE
If you need help or have questions and you are a US expatriate, nonresident or owner of foreign assets we can help. Email us at ddnelson@gmail.com or visit our website at www.taxmeless.com We have been assisting expatriates and nonresidents with their taxes for over 25 years.
Some of these rules might apply to expatriates and nonresidents. The foreign earned income exclusion and foreign tax credit rules do remain the same as the past. However if you own a foreign corporation the new GILTI tax may apply and force you to pay tax on undistributed income from your foreign corporation.
Read more about some year end tax planning suggestions from AARP HERE
If you need help or have questions and you are a US expatriate, nonresident or owner of foreign assets we can help. Email us at ddnelson@gmail.com or visit our website at www.taxmeless.com We have been assisting expatriates and nonresidents with their taxes for over 25 years.