Sweden

Though Sweden was not immune to the pandemic’s economic impact, it was the only major economy to grow in the first quarter of the year

Source: business insider.com Throughout the coronavirus pandemic, Sweden has drawn international attention for its unorthodox approach to managing the virus’ spread. The Nordic state didn’t impose strict lockdown measures, instead asking citizens to stay home if they were sick and to practice social distancing in public. Bars, restaurants, and shops stayed open, even when cases peaked in …

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Taxes for Expats

Tips for expats to cash checks while abroad

Source: Taxes for Expats

Abroad

How Expats Can Cash Checks From the IRS While Abroad

Ines Zemelman, EA

If you are able to use direct deposit, more power to you and this article is not for you. If you are in the US, cashing checks is easy, but if you are residing abroad, it may prove difficult in some cases.

While we are not a financial institution, we have compiled a list of helpful tips to help ensure you can utilize the funds sent to you from the IRS.

  • Deposit to a bank account if they accept US checks (easy!)
  • Paypal now offers to cash your US Stimulus Checks. With a Paypal account, you can easily link it and transfer money to your bank account in the country you live
  • Open a credit union account with, for example, the State Department Federal Credit Union (for which you can become eligible by joining American Citizens Abroad), or a bank such as USAA Savings Bank that accommodates US citizens abroad
  • Open a TransferWise Borderless account, which gives you a USA bank account number. Some people have had success with getting tax refunds in that account

Expat filing deadline is July 15th. If you still need to file, contact Taxes For Expats.

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