11/06/2025
Winning the lottery feels like the universe just handed you a golden ticket—until the IRS shows up with scissors to take its cut. Whether you cash out in a lump sum payment or spread your jackpot over annual payments, taxes on lottery winnings are unavoidable. Between federal rates (up to 37%) and state rules that […]
10/11/2025
Getting scammed is one of those experiences you hope will never happen—and yet, it happens to millions of Americans every year. Maybe it’s a too-good-to-be-true investment, a phone call pretending to be the IRS, or an online “friend” who wasn’t who they said they were. However it unfolds, the result is the same: money gone, […]
10/05/2025
So you’ve moved abroad—traded in your U.S. zip code for a new country, a new life, maybe even a better coffee. But one thing you didn’t leave behind? The IRS. U.S. citizens are taxed on their worldwide income, no matter where they live. The good news: Uncle Sam does throw expats a couple of lifelines. […]
10/05/2025
Imagine building a life abroad—new job, new home, new community—only to find out the IRS still expects you to file U.S. taxes every single year. For millions of Americans overseas, that’s not a surprise waiting in the fine print—it’s the reality of citizenship-based taxation. This taxation system means that even if you earn your entire […]
10/05/2025
Got a bank account abroad? Congratulations—you’re more interesting than the average taxpayer. Unfortunately, you’re also on the IRS’s radar. Enter the FBAR: the Report of Foreign Bank and Financial Accounts. Filed on FinCEN Form 114, the FBAR exists thanks to the Bank Secrecy Act, which basically says, “If you’ve got money overseas, we want the […]
10/05/2025
Living abroad comes with a lot of perks—new foods, new friends, and the chance to answer “where are you from?” in increasingly creative ways. But for U.S. citizens, green card holders, and resident aliens living in a foreign country, there’s one not-so-fun challenge that comes with the adventure: double taxation. The IRS loves to keep […]
10/05/2025
It’s not a fitness challenge. You won’t need a stopwatch, a yoga mat, or to prove how many push-ups you can do in a minute. But the physical presence test is a test—one that can save you thousands in U.S. taxes if you pass. Think of it as the IRS’s version of “Are you really […]
10/05/2025
Ask any American living abroad what keeps them up at night, and double taxation is right up there with jet lag and missing decent bagels. As a U.S. citizen, resident alien, or self-employed global adventurer, the IRS expects you to report your worldwide income—even if you earn every penny in a foreign country. Enter the […]
10/05/2025
For Americans living or investing abroad, double taxation can feel like paying for the same cup of coffee—twice. Thanks to U.S. tax law, you’re on the hook for taxes not just on your U.S. income, but on your worldwide earnings too. Add in a foreign country’s tax bill and you’ve got the makings of a […]
10/05/2025
It’s the world’s most surprising membership: “accidental Americans.” These are people who hold U.S. citizenship—sometimes without even realizing it—and suddenly find themselves caught up in a global game of tax tag. Maybe you were born during a family layover in New York, or you inherited American citizenship from a parent, even though you’ve spent your […]