03/21/2026
So, you’ve just discovered you were supposed to file a Foreign Bank Account Report (FBAR), maybe a Form 8938, and include that income from your old investment in the Cayman Islands. Whoops. Deep breaths—you’re not the first (and definitely not the last) U.S. taxpayer to miss the fine print on international tax reporting. That’s where […]
03/19/2026
If you’re a U.S. taxpayer living stateside with unreported foreign accounts or income, the words “offshore compliance” probably don’t inspire joy. But here’s the good news: the Internal Revenue Service (IRS) knows mistakes happen—and they’ve created a pathway to help you fix them (before things get expensive). It’s called the Streamlined Domestic Offshore Procedures (SDOP), […]
03/17/2026
Let’s face it—U.S. tax rules are complicated, especially when you throw foreign bank accounts and global income into the mix. If you’ve just realized you were supposed to report those offshore assets (and haven’t), take a deep breath. You’re not alone—and the IRS knows it. That’s why they created the Streamlined Filing Compliance Procedures (SFCP). Think […]
03/15/2026
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 […]
03/14/2026
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 […]
03/10/2026
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 […]
03/09/2026
Crypto used to feel invisible—wallet address, a few trades, maybe some staking, and not much scrutiny. That era is over. The tax rules themselves haven’t dramatically changed, but enforcement and reporting have. By the 2026 filing season, the IRS has far more visibility into digital asset activity, and taxpayers are expected to match their records […]
03/08/2026
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 […]
03/06/2026
You’d think moving abroad would simplify your tax life. File your federal return, maybe claim the Foreign Tax Credit or FEIE, and move on. But if money is still flowing to you from the U.S.—rent, investment income, business revenue—another layer of rules can quietly step in. And sometimes, those rules look a lot like a […]
03/05/2026
You can leave the country—but you can’t leave the IRS. Unlike most countries, U.S. taxes are based on citizenship, not residency. That means if you’re a U.S. citizen or green card holder, you’re required to file a federal income tax return every year—even if you’ve spent the entire tax year sipping espresso in Rome or […]