David Jacoby (Remote FP), Author at Remote Financial Planner

UK Reporting and Nonreporting Funds

Exchange-Traded Funds (ETFs) and mutual funds contain a mix of different assets and are a popular and easy way to […]

The United States taxes its citizens on worldwide income. However, if you live and work outside of the US (such […]

Estate taxes (often incorrectly referred to as inheritance taxes) are paid by the deceased and their beneficiaries do not owe […]

UK Remittance Basis taxation allows non-domiciled residents to exclude foreign source (non-UK) income and gains from UK taxation. If you’re […]

I have foreign financial accounts; Do I need to report them? Yes, whether you live in the U.S. or abroad, […]

Which is more advantageous: the Foreign Earned Income Exclusion or the Foreign Tax Credit? The U.S. taxes its citizens and […]

What is the Foreign Earned Income Exclusion? The United States taxes its citizens on worldwide income, but if you live […]

What is Foreign Account Tax Compliance Act (FATCA) reporting? The Foreign Account Tax Compliance Act (FATCA) requires certain U.S. taxpayers […]

What is the Physical Presence Test? The Physical Presence test is one of two tests (the other being the Bona […]

What is the Foreign Tax Credit? The U.S. taxes its citizens and resident aliens on worldwide income, but if you […]