02/06/2026
If you’re an American living abroad, “double taxation” probably ranks right up there with lost luggage and surprise Zoom calls in the middle of the night. Double taxation is when you end up paying taxes on the same income—first to the country where you earn it, and then again to the U.S., just for being […]
02/06/2026
In Canada, your taxable income isn’t just your salary—it’s everything the Canada Revenue Agency (CRA) can spot, sniff out, or imagine showing up on your T4, bank statement, or rental agreement. Side hustle? That’s income. Cash from a freelance gig? Definitely income. Your Airbnb payout or crypto win? The CRA’s already taking notes. Getting it […]
02/06/2026
Landing a job at the United Nations might sound like a diplomatic dream—global mission, international colleagues, and not a cubicle in sight. But for U.S. citizens and resident aliens working at the UN, there’s one very terrestrial reality that refuses to go away: your tax obligations back home. Unlike most jobs, working for the UN […]
02/06/2026
If you’re investing internationally, you might not realize that some foreign assets come with extra IRS reporting requirements. Enter Form 8621—the form U.S. taxpayers must file when they own Passive Foreign Investment Companies (PFICs). PFICs can include foreign mutual funds, ETFs, and even certain foreign corporations. The IRS keeps a close watch on these investments, and failing […]
01/14/2026
Your laptop says “New York,” your laundry says “Lisbon.” Welcome to the club. Thanks to remote everything, plenty of people now work for a U.S. company while living in Spain, Japan, Canada—or wherever the Wi-Fi behaves. Here’s the catch: who you are (U.S. citizen, green card holder, non-U.S. hire, or freelancer) changes the rules. Payroll, […]
02/06/2026
Once upon a time, moving your money overseas meant it could quietly stay overseas. In 2026? Your bank is practically CC’ing the IRS—and its international cousins—before you’ve even filed your own taxes. Thanks to FATCA (the Foreign Account Tax Compliance Act) and the Common Reporting Standard (CRS), global banking transparency isn’t optional anymore. Banks, investment […]
01/10/2026
The term “California exit tax” gets thrown around like it’s a cover charge to cross the Nevada line. It isn’t. What people are mixing up: (1) a rumor about paying just to leave, (2) splashy wealth-tax proposals that grabbed headlines but didn’t become law, and (3) the perfectly normal rule that California still taxes California-source […]
02/05/2026
You didn’t skip filing your FBAR on purpose. You just didn’t know you had to. Welcome to the club. The FBAR (that’s the Report of Foreign Bank and Financial Accounts) is one of the most commonly missed filings among U.S. expats. It’s not part of your tax return. It’s not about owing more money. But […]
02/05/2026
Some IRS forms make your heart sink. This one might make it skip a beat—in a good way. Form 14653 isn’t just paperwork. It’s a strategic reset button for U.S. expats who’ve fallen behind on their taxes. No penalties, no drawn-out negotiations—just a shot at getting compliant under the Streamlined Foreign Offshore Procedures, as long […]
02/05/2026
If you’ve ever opened a bank account overseas and been hit with a million questions about your U.S. citizenship, you’ve met FATCA—whether you knew it or not. Short for the Foreign Account Tax Compliance Act, FATCA was born in 2010 when the U.S. government decided it really, really didn’t want to miss out on taxes […]