13 Dec 2013 | Net Investment Income Tax (NIIT), US Tax
I think this quote from the August 2013 issue of the Journal of Accountancy sums it up pretty well: “The new surtax on net investment income will come as a surprise to many individuals… Even more surprising for individuals will be that most tax credits (e.g. the...
22 Feb 2011 | Foreign Earned Income Exclusion
For taxable year 2011, the maximum foreign earned income exclusion amount under §911(b)(2)(D)(i) is $92,900, figured on a daily basis, times the number of days during the year that you meet the bona fide residence test or the physical presence test. The foreign...
6 Apr 2008 | Uncategorized
Based on the current US tax laws for expats, many taxpayers (mainly those in high tax countries) may be better off if they “revoke” one of the main benefits for expats, the Foreign Earned Income and Housing Exclusions. Some background – the Foreign...
14 Feb 2008 | Uncategorized
I frequently get questions about what happens when your wages exceed the amount of the Foreign Earned Income Exclusion ($91,400 for 2009). A common misconception is that you will then need to pay “double” tax – to the US and also to the Netherlands....
