Many Canadian residents are unaware that they could be subject to U.S. estate tax, even though they are not U.S. citizens. While Canada...
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Foreign Inheritance Tax: U.S. Reporting Made Simple
If you're a U.S. person receiving a foreign inheritance, you may be wondering about your tax obligations. The good news? The U.S....
How to File Delinquent FBARs and Avoid Penalties
If you’re a U.S. expat with foreign accounts and just found out about your obligation to report them, you’re not alone. Many U.S. citizens...
Section 250 Deduction for U.S. Expats
The U.S. tax code includes numerous provisions that affect how foreign income is taxed, particularly when it comes to U.S. persons who own...
GILTI Tax for US Expats: What You Need to Know
hen dealing with controlled foreign corporations (CFCs), U.S. taxpayers—especially American expatriates—must understand the intricacies of...
U.S. Citizen’s Guide to Starting a Business Overseas
Starting a business abroad can unlock exciting opportunities—new markets, lower costs, and more freedom. But for a US citizen starting...
GILTI High Tax Exclusion: Who Qualifies and How to Claim It
If you're a US expat who owns a foreign corporation, you're likely aware of how complex the US tax system becomes once your business...
Unearned Income Tax Explained
For U.S. citizens living abroad, understanding your filing obligations to the Internal Revenue Service (IRS) can be overwhelming. One of...
Pope Leo XIV and U.S. Tax Law: FBAR, Relinquishment, and Expatriation
The Catholic Church has made history again by electing the first-ever American pope: the Most Holy Father, Pope Leo XIV (previously Robert...
US Expat Taxes: How to File Your Taxes While Living Abroad
As a U.S. citizen living abroad, managing your expat taxes is essential. You must file a federal income tax return annually, reporting...
Foreign Gift Tax Rules for US Citizens Abroad
When living abroad as a US expat, receiving or giving foreign gifts can create confusion around taxes. Many US citizens living overseas...
IRS Form 709: What It Is, Who Must File, and Why
If you are a US citizen or green card holder and you give large gifts to family, friends, or others, you may be required to file Form 709....
IRS Form 8832: Change Your Entity’s Tax Status
Form 8832, officially known as the "Entity Classification Election," allows eligible entities to choose how they are classified for...
Passport Revocation by the IRS: What You Need to Know
If you're a U.S. expat, your passport is a critical link to international travel and your livelihood. However, failure to manage your U.S....