Our blog
Spreading the joy of information with you
Foreign Trusts: Reporting, Tax Rules, and Penalties for U.S. Expats
For a U.S. person living abroad, owning or being a beneficiary of a foreign trust creates complex reporting obligations with the internal...
Understanding ECI Tax and Effectively Connected Income (ECI)
Understanding how income is treated as effectively connected is essential for international taxpayers filing a U.S. tax return. This...
How to File US Taxes from Abroad
U.S. citizens and resident aliens living abroad must still file a U.S. tax return on their worldwide income. Even if you pay foreign...
Excess Distribution Rules for PFICs Explained
Many U.S. expats buy foreign mutual funds or other foreign investments without realizing the IRS treats them as passive foreign investment...
Alternative Minimum Tax for U.S. Expats
U.S. expats often think that once they calculate their taxable income under the regular tax system, their tax bill is final. But many are...
Foreign-Owned LLC Reporting and Taxes Explained
Foreign owned LLCs in the United States give entrepreneurs abroad market access and credibility, but they also come with unique IRS...
IRS Form 8804 and 8805: Partnership Withholding Rules
Navigating US tax rules can be daunting, especially for foreign partners and nonresident investors with income connected to a partnership...
Understanding Act 60 Puerto Rico Tax Benefits
For decades, Puerto Rico has drawn investors, entrepreneurs, and professionals seeking a combination of tropical lifestyle and strategic...
How to Correct a Tax Return After Filing
Many US expats eventually realize that their federal income tax return wasn’t filed correctly. Whether it’s forgetting FATCA Form 8938,...
Foreign Housing Exclusion and How to Claim it
Living abroad as a U.S. expat comes with unique financial benefits, one of which is the Foreign Housing Exclusion. This exclusion helps...
How Does the One Big Beautiful Bill Affect US Expats?
The One Big Beautiful Bill Act, signed into law on July 4, 2025, by President Donald Trump, introduces major tax, reporting, and policy...
U.S. Remittance Tax: What to Know Before Sending Money Abroad
The remittance tax is a new federal excise tax that applies to certain outbound money transfers from the United States. Enacted under the...
Form 5471 Penalties for U.S. Expats with Foreign Corporations
Form 5471 is one of the most complex international tax forms required by the IRS, and getting it wrong—or not filing it at all—can result...
The IRS Statute of Limitations on Unfiled Tax Returns
There is no IRS statute of limitations on unfiled tax returns — until you file, the IRS can audit you indefinately. For U.S. expats with...
