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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...
Benefits of Renouncing US Citizenship: Weighing the Pros and Cons
Renouncing U.S. citizenship is a major decision and a serious and permanent step with far-reaching financial, legal, and practical...
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....
US Expat Tax Forms: What to File & When
Living abroad doesn’t exempt you from U.S. taxes. If you're a U.S. citizen, you’re still required to file a federal tax return every year...
Tax Fraud vs Tax Evasion: Key Differences Explained
Tax fraud and tax evasion are often confused, but both are distinct and serious violations of U.S. tax law. Tax fraud involves...
Why Do I Have to Pay U.S. Taxes if I Live Abroad?
As a U.S. citizen living abroad, you might wonder, "Why do I have to pay U.S. taxes if I live abroad?" The fundamental reason lies within...
W-8 vs W-9: Key Differences & Which Form to Use
If you're earning U.S.-sourced income, understanding the difference between Form W-8 and Form W-9 is critical. These IRS forms play a...
Form 8938 vs FBAR: A Side-by-Side Comparison
When it comes to disclosing foreign financial accounts, many U.S. taxpayers—especially expats and those with global investments—face...
