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Returning Member
posted Oct 25, 2023 10:17:42 AM

Future move

Moving abroad.  Planning a move early next year for grad school(haven't made my school choice yet), I work remotely for a US based company in IL.  I am not sure what differences and changes that that bring out, what topics or services would you suggest I look into?

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1 Replies
Level 3
Oct 25, 2023 10:41:46 AM

Hi @snavar-01 ,

 

Congrats. 

 

If you still work remotely for a US based company in a foreign country, you will first want to look up a tax-treaty between the US and foreign country you are planning to move to. US taxes based on global income. 

 

Next, if you are a student in a foreign country; you plan to take education deductions, you can look into the following schools, to see if you are eligible for education tax breaks: Here

 

Lastly, you may need to look into filing FBAR with FINCEN, if your are a U.S. person, including a citizen, resident, corporation, partnership, limited liability company, trust and estate, with bank accounts with more $10,000 in any given point in time of the year.  Here

 

Let us know should you have any additional questions.