Navigating a Tax Life: A Guide for Americans in Dubai and Canadians in the US
Embarking on a new role abroad is a thrilling experience. However, it can prove taxing and complicated, especially if you are dealing with the Internal Revenue Service (IRS). Americans, especially those with assignments in the UAE, and Canadians in the United States, need to appreciate their US tax obligations for a better financial outlook and overall peace. This guide identifies and explains the instances of tax obligations for these two groups and provides a clear and actionable blueprint. The intent is to shift the focus on the perceived burden to be compliant and optimized. The aim is to ensure that you focus on the positives of your new and exciting role. Understanding US Citizenship-Based Taxation: A Global Obligation Every American overseas must understand citizenship-based taxation. The United States differs from most countries which taxes according to the place of residence. Unlike most countries which taxes according to the place of residence, the United States taxes its cit...