Andrew Coleman
Articles
IRS streamlined domestic offshore procedures: complete 2026 guide
Many US taxpayers with foreign accounts or assets discover too late that the Internal Revenue Service (IRS) expects full disclosure, even if those assets are abroad. Some believe that living in the US means overseas property or bank accounts don’t count. Others assume a foreign bank or employer has already reported the information, not real...
IRS Constructive Ownership rules explained: A complete guide
Constructive Ownership is more than a technical tax term – it is the way the IRS prevents taxpayers, corporations, and foreign companies from sidestepping reporting thresholds. This guide tells you about how these rules apply in practice, why they matter, and where they trigger reporting duties. By attributing shares held by family or entit...
Do overseas contractors pay taxes? Understanding international tax obligations
Working as an overseas contractor often means your earnings remain subject to US tax, even while abroad. Relief may come through the foreign earned income exclusion or foreign tax credits, but self-employment tax at 15.3% still applies. This article is brought to you by Taxes for Expats &nda...
Bona Fide Residence vs. Physical Presence Test: Key differences for US expats
The US tax code provides two ways for Americans abroad to prove they qualify for the Foreign Earned Income Exclusion. The Bona Fide Residence standard looks at whether you’ve established long-term ties to another country, while the Physical Presence Test focuses strictly on your day count abroad. In this article, we explain the di...
Understanding remittance tax: Rules, exemptions, and planning strategies
A new remittance tax is set to change the way many people handle cross-border payments. From family support abroad to everyday money transfer services, the rules will touch millions. This guide walks you through what it means, why it matters, and how to plan ahead. This article is brought to you by ...
Foreign gift tax: reporting rules, Form 3520 & 2025 updates
If you receive a large gift or inheritance from someone abroad, you might wonder if you owe tax. In most cases, you don’t – but you may need to report it to the IRS using Form 3520. This guide explains what the foreign gift tax really means, when you must report, how the rules work in 2025, and what recent laws like the One Big Beauti...