02/06/2026
Living abroad can be an adventure—new culture, new coffee, new rent receipts. But if you’re a U.S. taxpayer overseas, there’s one perk you don’t want to miss: the Foreign Housing Exclusion. The Foreign Housing Exclusion (FHE) allows qualified expats to deduct certain housing costs from their taxable income—on top of the Foreign Earned Income Exclusion. […]
02/05/2026
Spain has a way of making big life changes feel deceptively easy. The pace slows, the food improves, and suddenly staying for “just a year” turns into a plan. But for Americans living in Spain, 2026 still comes with a to-do list hiding behind the sunshine—residency steps, housing, healthcare access, budgeting in euros, and paperwork […]
02/04/2026
Inheriting cash or a flat in another country feels like winning the life lottery—right up until you remember the IRS has opinions. Here’s the good news: there’s no separate foreign inheritance tax under U.S. law. The less-good news: there are rules, forms, and deadlines, and the IRS would very much like you to follow them. […]
02/03/2026
Big gifts come with a little fine print. If you give more than the annual exclusion to any one person in a year (or make another reportable transfer), Form 709 is the paperwork that keeps score. Here’s the surprise: filing the form doesn’t usually mean paying the federal gift tax. Instead, it’s more like keeping […]
02/02/2026
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 […]
02/06/2026
Living abroad comes with plenty of perks: better weather, stronger coffee, and the chance to reinvent yourself at least once a year. But even if you’ve traded New York for Hong Kong or settled into a cozy village in the United Kingdom, one thing still follows you: U.S. taxes. That’s why the right expat tax […]
02/06/2026
If you’ve ever wondered whether you need to file FBAR, Form 8938, or both, you’re not alone. It’s one of the great rites of passage for U.S. expats: realizing that the IRS and FinCEN both want a peek at your foreign accounts—but through entirely different lenses. Both forms exist to catch unreported foreign financial assets, […]
03/16/2026
Renouncing U.S. citizenship is a big step—whether you’re making a fresh start in a foreign country, simplifying your federal tax obligations, or just ready to cut through the paperwork that comes with holding a U.S. passport. But before you go, there’s one last thing to consider: the U.S. exit tax. Designed to tax unrealized gains, the exit […]
01/29/2026
Recognizing the unique sacrifices made by those serving, Congress originally enacted the CZTE back in 1918 as a way to show appreciation and provide tangible support. It’s been a cornerstone of military tax benefits for decades, evolving over time to adapt to changing circumstances. The CZTE is a lifeline for many service members. With the pressures of deployment, from separation from loved ones to the inherent risks of the job, having a tax break offers some ease when it comes to financial burdens.
01/28/2026
Moving to Canada sounds like a dream—until your first grocery run reminds you that avocados can be $2.49 each. In 2026, the cost of living in Canada remains high by global standards, and for Americans making the move, sticker shock is real. From housing to healthcare, utilities to university tuition, Canada’s expenses don’t always align […]