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Working Overseas
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Money & Taxes
Iraq contracts burden taxpayers
Roughly 100,000 private contractors work for the U.S. government in Iraq, and every one of them must be insured against getting killed or hurt on the job. Given the dangers of war, insuring the contractors would seem to be an underwriter's nightmare. But it's not. U.S. taxpayers pay the premiums to insurance companies for these contractors. When the contractors are killed or injured in war, taxpayers pay the benefits, too.
Tuesday, December 26, 2006
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Working Overseas
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Money & Taxes
Some Ways to Ease the Pain
This year’s tax increase on Americans living overseas is prompting many people to look for ways to limit their tax bills. Here are some strategies suggested by accountants.
Tuesday, September 5, 2006
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Working Overseas
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Money & Taxes
Sneaky credit card fees vex overseas shoppers
Exchange rate adjustment, foreign transaction fee, currency conversion fee — all are terms for the same fee some U.S. banks and credit-card issuers have been charging for overseas purchases for perhaps 10 years. Credit card issuers used to disclose the foreign currency/dollar exchange rate including any added fees, but they stopped, asserting it was no longer required.
Sunday, August 13, 2006
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Working Overseas
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Money & Taxes
Tax Me Once, Shame on You
It's imperative not only to roll back the recent tax increases on U.S. expatriates, but to eliminate double-taxation of overseas Americans altogether. Thankfully, there's a new bill in front of the U.S. Congress to do just that.
Thursday, June 29, 2006
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Working Overseas
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Money & Taxes
Cap for expat taxes is lifted in new plan
A Republican senator has introduced legislation to eliminate the cap on income that Americans working abroad can earn without having to pay both local and U.S. taxes on it, a change meant to make American businesses more competitive and bring the United States in line with nearly every other country.
Thursday, June 15, 2006
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Working Overseas
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Money & Taxes
Americans Living Abroad Get a Nasty Tax Surprise
In an effort to raise revenues, tax writers in Congress added a last-minute provision that retroactively increased taxes for Americans living abroad. But the sudden imposition of new taxes has surprised overseas taxpayers, and it has employers concerned about the added cost.
Wednesday, May 31, 2006
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Working Overseas
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Money & Taxes
Americans abroad face higher U.S. tax bills
Americans living abroad reacted angrily Friday after the U.S. Senate approved $70 billion in election- year cuts that will benefit wealthy taxpayers in the United States but impose what some tax experts called the biggest tax increase on American expatriates in 30 years.
Saturday, May 13, 2006
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Working Overseas
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Money & Taxes
U.S. Tax Tips and Traps for Expats
U.S. taxpayers should also know that the extension rules have changed. Americans overseas get an automatic two-month extension to June 15, and can now extend until October 15 by filing a Form 4868. However, you can no longer obtain an extension by phone, you must file on paper or electronically.
Tuesday, February 21, 2006
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Working Overseas
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Money & Taxes
HTH Worldwide Ranked #1 Individual Expat Insurance Provider in U.S.
Medibroker International recently announced the results of its independent Insurer Ratings program, and ranked HTH Worldwide the number one individual expat insurance provider in the U.S. and sixth in the world. Expatriate health plans ranked by Medibroker International are specially designed to serve the millions of people whose personal lifestyles transcend borders.
Wednesday, October 5, 2005
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