03/28/2026
Sometimes, the only thing more overwhelming than realizing you forgot to file something is figuring out how to fix it without making it worse. If you’ve left foreign bank accounts off your FBAR (Report of Foreign Bank and Financial Accounts), but all your foreign income was already reported on your U.S. tax return, the IRS […]
03/23/2026
Healthcare doesn’t work the same everywhere, and for U.S. citizens abroad, that difference can be more than just a cultural adjustment. From government-run systems to private international plans, the structure of healthcare (and how you pay for it) can vary significantly from country to country. If you’re used to employer-sponsored coverage or options unique to […]
03/26/2026
You know that foreign pension you barely remember signing up for? Or the joint account you opened just to pay rent abroad? Yeah—the IRS wants to talk about it. Officially called the Statement of Specified Foreign Financial Assets, form 8938 is how the U.S. keeps tabs on Americans with money overseas. If you’re a U.S. […]
03/25/2026
Running a business abroad comes with its fair share of challenges—unexpected paperwork, changing compliance rules, and the occasional late-night Google search about U.S. requirements you hadn’t thought about. And one obligation that has repeatedly stumped many American entrepreneurs is the Beneficial Ownership Information Report (BOIR). BOIR is a requirement for certain businesses to disclose information […]
03/23/2026
When retirement planning involves two passports, two careers, and possibly a few countries along the way, the details can get muddled rather quickly. One spouse may have a full U.S. Social Security record, while the other has a work history spent mostly outside the American system. Luckily, spousal Social Security benefits can be just the […]
03/22/2026
You didn’t mean to ghost the IRS. You were living abroad, focused on life, work, maybe even figuring out the local coffee order—and didn’t realize that your foreign bank account or overseas rental income came with U.S. tax obligations. Now you’ve discovered terms like “FBAR” and “foreign financial assets,” and it feels like a tax […]
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 […]
03/18/2026
You file from abroad, report your foreign salary, maybe claim the FEIE or foreign tax credits—and then something odd happens. A credit disappears, a deduction shrinks, or your Roth IRA eligibility quietly evaporates. The culprit is often one number: your Modified Adjusted Gross Income (MAGI). MAGI matters because it’s the IRS’s gatekeeper for a long […]
09/08/2026
Imagine you have $4,000 in a checking account, $3,500 in savings and $3,000 in an investment account—all held outside the United States. None contains more than $10,000. Together, however, they hold $10,500. If all three accounts are reportable, you must file an FBAR. An FBAR is simply a report of certain foreign financial accounts you […]
03/12/2026
A capital gain is the increase of the value of an asset that you realize when that asset is sold. Capital gains (and losses) are reported on Form 1040 Schedule D; however the calculations to arrive at the capital gain or loss are reported on IRS Form 8949.