02/28/2024
If you still have US citizenship, your worldwide income is subject to US tax rules. No matter what country you currently call home. Still, many American expats spend years abroad without being aware of the fact, so they fail to file a tax return with the IRS. And when they learn about it, they are […]
05/22/2025
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, […]
02/03/2025
Whether you’re selling inherited property or selling a gifted property, it’s important to understand the tax implications of the sale. While taxation works differently from one scenario to another, both can incur significant taxes. As a result, it’s best to do some research before making any formal commitments. This is especially true for expats, who […]