Filing taxes can be a complex process involving different rules and stipulations for American citizens living outside of the United States.

What do Americans citizens living abroad need to know about US taxes?

On today's episode of the Taxgirl podcast, Kelly is joined by Nathalie Goldstein to talk about expat taxes for Americans living outside the United States. Nathalie is the founder and CEO of MyExpatTaxes. As an IRS Enrolled Agent, she specializes in US expat taxes, helping the 9 million Americans like herself living abroad required to file US taxes based on citizenship-based taxation.

• Nathalie speaks about her own experience becoming an expat and learning how to process expat taxes.
• What exactly do Americans living abroad need to know? How are taxes different for expats?
• Kelly and Nathalie talk about foreign accounts, claiming Expat Tax benefits, and avoiding becoming double-taxed on foreign income.
• What do expats need to know about other tax returns, F bar requirements, and other disclosures?
• What tax complexities are involved with forming a business abroad and incorporating it?
• What penalties can be associated with these complex tax filings?
• Kelly and Nathalie share their thoughts on controversy and compliance issues for expats and international clients. Additionally, they provide insights and advice to those influenced by fear-mongering regarding tax compliance.
• Nathalie discusses the IRS services for international taxpayers, including complications with processing mailed tax returns and accessing their online accounts.

To subscribe to the podcast (it’s free!) using Apple, Spotify, or your favorite listening app, click here.

Kelly’s Website: Taxgirl

MyExpatTaxes Website: MyExpatTaxes

MyExpatTaxes Instagram: @MyExpatTaxes

MyExpatTaxes TikTok: MyExpatTaxes

MyExpatTaxes Youtube: MyExpatTaxes

MyExpatTaxes Twitter: @MyExpatTaxes

MyExpatTaxes Linkedin: MyExpatTaxes

Supporting gender equality within the global tax accounting and legal industries is essential. This month, female representation takes on even more meaning, as it is Women's History Month.

What is the importance of gender equality within the tax profession?

On today's episode of the Taxgirl podcast, Kelly is joined by Kate Barton to talk about gender equality in the tax profession. Kate is EY Global Vice Chair - Tax, where she oversees all aspects of EY’s tax strategy and operations, people development, client relations, quality control, risk management, thought leadership, knowledge, and learning. She also leads the EY tax executive committee.

• What has changed in terms of gender equality, and how should women continue to move forward in the tax profession?
• What can women in leadership positions do to encourage and support women who are on their way up?
• Kelly and Kate share their thoughts on mentorship between women in the tax profession.
• What are some obstacles that Kate sees most for women in the tax profession on the way to achievement?
• Has the change in the workplace to remote and hybrid structures generally been positive or negative for women?
• Kate shares her thoughts on upskilling and education for women in the tax profession.
• Kelly and Kate speak on increasing diversity and gender equality in the tax profession.

To subscribe to the podcast (it’s free!) using Apple, Spotify, or your favorite listening app, click here.

Kelly’s Website: Taxgirl

Kate’s Twitter: @KateBartonEY

Recently, Americans have experienced rising prices. But when it comes to economic inflation, how does this affect the taxes you are expected to pay?

How could the impact of inflation affect your tax bill?

On today's episode of the Taxgirl podcast, Kelly is joined by Tim Speiss to talk about the impact of inflation and rising prices on taxes in 2022. Tim is the CPA and partner of EisnerAmper LLC's wealth advisory group. He has over 30 years of experience providing comprehensive tax planning and related investment, compensation, and financial planning services.

• For taxpayers who may be in the position of needing to write checks to the IRS, what information and advice should they know regarding the effects of inflation on their taxes?
• Tim provides holistic advice for effective financial and tax planning, like utilizing advisors and implementing goals.
• Kelly and Tim speak on the value of taxpayers seeing professional specialists and personal wealth advisors who handle financial portfolios.
• When using a holistic approach to developing long-term plans, what kinds of documentation should taxpayers look at?
• What should taxpayers understand about charitable giving? With some people struggling with new economic burdens brought on by inflation, how can tax professionals help?
• How does charitable planning relate to retirement when people try to use their retirement funds or retirement planning to accomplish a charitable goal?
• Tim and Kelly discuss retirement changes, and Tim emphasizes the importance of starting a 401k plan early in life.
• Homes and life insurance are significant sources of income or wealth-building investments. What components of these should taxpayers consider during tax season?
• Tim provides his thoughts on whether the tax filing date should be changed.

To subscribe to the podcast (it’s free!) using Apple, Spotify, or your favorite listening app, click here.

Kelly’s Website: Taxgirl

Tim’s LinkedIn: Timothy P. Speiss