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For a U.S. person living abroad, owning or being a beneficiary of a foreign trust creates complex reporting obligations with the internal...

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...

Many U.S. expats buy foreign mutual funds or other foreign investments without realizing the IRS treats them as passive foreign investment...

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...

For decades, Puerto Rico has drawn investors, entrepreneurs, and professionals seeking a combination of tropical lifestyle and strategic...

Many US expats eventually realize that their federal income tax return wasn’t filed correctly. Whether it’s forgetting FATCA Form 8938,...

Living abroad as a U.S. expat comes with unique financial benefits, one of which is the Foreign Housing Exclusion. This exclusion helps...

The One Big Beautiful Bill Act, signed into law on July 4, 2025, by President Donald Trump, introduces major tax, reporting, and policy...

The remittance tax is a new federal excise tax that applies to certain outbound money transfers from the United States. Enacted under the...

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...

The IRS can typically audit tax returns filed within the last three years, but depending on the situation, that window can expand to six...

The Foreign Account Tax Compliance Act (FATCA) was enacted in 2010 to combat tax evasion by U.S. taxpayers through foreign accounts. FATCA...