Dateline: Istanbul, Turkey To say that the US tax code is complicated would be an understatement. There are forms for every possible situation, income source, and individual....
Form 5471: How US Citizens Tell the IRS About a Foreign Corporation
Dateline: Tbilisi, Georgia Just the other day, we discussed the new requirements for IRS Form 5472 – an informational form for foreign-owned US LLCs. Today, we’re going to take...
IRS Tax Relief for Expats Impacted by COVID-19
Dateline: Merida, Mexico The coronavirus pandemic has limited travel in many areas of the world and by doing so has changed the plans of many expats. If your global tax plan was...
What to Do When “America First” Outlives Trump
Dateline: Bogota, Colombia Just the other day, I wrote about why I stopped following politics rather than stay and fight against a system that I did not agree with. Today, in...
How to Avoid Passport Revocation by the IRS? Read our Guide.
Dateline: Kuala Lumpur, Malaysia Governments around the world have increasingly been imposing restrictions on both citizenship and obtaining an actual passport to travel on. From...
Form 8858: US Taxes on Foreign Disregarded Entities
As an expat or U.S. taxpayer who owns a foreign business or an interest in a foreign business (corporation, partnership or LLC), there are a number of forms that you must...
Form 8865: Tax Returns for Foreign Partnerships
As readers of this site know, the United States taxes its citizens (including expats who live and work abroad) and legal permanent residents (LPRs) on their worldwide income. No...
Form 3520: US Taxes on Gifts and Inheritances
You’ve probably heard the expression that the only two things certain in life are Death and Taxes. The United States’ Internal Revenue Service (the IRS) works very hard at making...
Form I-407: How to Relinquish Your Green Card
According to the Department of Homeland Security, there were 1.1 million new “Lawful Permanent Residents (LPRs) - known as Green Card Holders - admitted to the US in...
FBAR Form Filing & Due Dates | Your Ultimate Guide
Dateline: Kuala Lumpur, Malaysia Last year, after renouncing my US citizenship, I prepared my final FBAR form. Going forward, I'm pretty relieved that I'll never need to report...