Living Abroad as a U.S. Person: Tax Challenges
U.S. Tax Affects Life Abroad
For many U.S. citizens and green card holders, the idea of living abroad is highly attractive— some places offer a lower cost of living, it can broaden your horizons, you can get employed by a global company, or invest in an exciting business venture. But when it comes to U.S. taxation for those overseas, the reality is quite complicated. The United States features a worldwide tax system impacting U.S. persons regardless of where they reside. The bottom line is U.S. persons living abroad must navigate an additional layer of tax obligations that can create both opportunities and challenges.
At Gibson Tax & Legal Group, we help U.S. persons abroad manage these complex obligations and challenges and identify opportunities to reduce tax burdens. We are here to explain how the tax laws function for your particular situation and work to make a plan for you, your family, and businesses. Whether you are just considering a move to another country or have been an expat for years, we provide tailored guidance so you can focus on living your life – not trying to understand the ever-changing Internal Revenue Code.
Please reach out to us today to schedule a consultation and get clarity on your U.S. tax obligations abroad.
