Andrew Coleman

Form 5713 reports certain business operations connected with boycotting countries, boycott requests, and agreements to participate in or cooperate with an international boycott. For the 2025 tax year, the IRS Form 5713 instructions matter mainly to US taxpayers with cross-border business or entity activity rather than employees who merely live in...

For tax year 2025, Schedule B reports taxable interest, ordinary dividends, and foreign-account or trust disclosures. Most filers need it when taxable interest or ordinary dividends exceed $1,500, but several other triggers apply. This update is verified for 2025 returns filed in 2026 and reflects IRS and FinCEN guidance available as of...

For Americans abroad filing 2025 returns in 2026, the best expat tax service is the one that matches your filing complexity – not the one with the flashiest interface. A W-2 employee in London with no foreign accounts has different needs than a self-employed consultant in Singapore who owns a foreign corporation and missed two yea...

If you earned income outside the US in 2025 and paid foreign income tax on it, Form 1116 is the form that may reduce your US tax when you file in 2026. This guide explains who files it, how the limitation works, and how the credit flows to Schedule 3 – with a full worked example using two income categories. Who For...

For the 2025 tax year filed in 2026, US Social Security tax can still apply when an American works abroad, but the result depends on employee status, employer location, self-employment, and any Totalization Agreement. The 2025 Social Security wage base is $176,100, with a 6.2% employee rate. This guide separates payroll tax from benefit...

Individuals who itemize a 2025 return generally attach Form 8283 when their deduction for noncash charitable contributions is more than $500. Section A generally covers deductions over $500 through $5,000, while Section B generally covers items or groups over $5,000, with exceptions such as publicly traded securities. For 2025, non-cash...