Haynes Global Tax Experts: 3 Things to Consider When Moving Overseas

Relocating abroad can be an exciting adventure, but it comes with unique challenges and responsibilities, particularly for U.S. taxpayers. This seminar will provide an in-depth look at three crucial areas that everyone considering an overseas move should understand.

1. U.S. Tax Obligations: As a U.S. taxpayer, you remain subject to tax on your worldwide income, even when living abroad. We will explore the Foreign Earned Income Exclusion (FEIE), Foreign Tax Credit (FTC), and the implications of expatriation rules. Understanding these aspects is vital to ensure compliance and to maximize your tax benefits.
2. Foreign Bank Account Disclosure: Moving overseas often means managing foreign bank accounts. We’ll cover the Foreign Bank Account Reporting (FBAR) requirements and other disclosure rules that you need to be aware of. Failing to comply can lead to significant penalties, so it's essential to know how to navigate these regulations.
3. Trailing State Taxation: Many people overlook the nuances of state taxation when moving abroad. This section will clarify the differences between residency and domicile, how to break state residency, and what implications these factors have on your tax responsibilities back in the U.S.

The seminar will conclude with a Q&A session, allowing participants to ask specific questions related to their situations. This engaging talk will inspire you to embrace the adventure of moving overseas while being well-prepared for the challenges ahead.

Join us to gain the knowledge you need for a successful transition!

Event Venue & Nearby Stays

Serendipity Labs Perimeter, 121 Perimeter Center West, Atlanta, United States