Andrew Coleman
- Exit tax planning
- International business tax
- Overseas tax obligations
- Tax compliance for expats
- Master's of Accounting, University of Kansas School of Business
Articles
What happens if you don't file taxes while living abroad? Penalties & IRS rules explained
Living outside the US does not remove your obligation to file a US federal tax return. If you are a US citizen or green card holder, the IRS taxes you on worldwide income no matter where you live. Skipping a filing year triggers the same penalty machinery as if you were still stateside, sometimes worse, because FBAR and FATCA add...
Best international banks for expats 2026: Low fees, easy setup, global ATM access
The best banks for expats in 2026 depend on 4 needs: multi-currency access, low transfer fees, remote account opening, and ATM access. HSBC Expat fits higher-balance international banking, Wise fits lower-cost currency transfers, Charles Schwab fits ATM-heavy travelers, and a local bank usually fits long-term residents. A frequent trave...
Jock Tax explained: what athletes, entertainers, and remote workers need to know
The Jock Tax is nonresident state or local income tax on money earned while working in another jurisdiction. For the 2025 tax year filed in 2026, it most often affects professional athletes, entertainers, traveling staff, and other high-visibility workers who perform services in more than 1 state or city. The term sound...
How to renounce US citizenship: process, fees, exit tax, and final filings
Renouncing US citizenship is a permanent legal act completed before a US diplomatic or consular officer outside the United States, and as of April 13, 2026, the government CLN processing fee is $450. The decision may end future citizenship-based filing obligations, but it does not erase prior US tax duties, final-year filing, For...
Do American citizens living abroad have to pay US taxes?
Yes. US citizens and resident aliens abroad report worldwide income on a US tax return if they meet the 2025 filing rules, even if all income was earned outside the United States. A person can owe $0 after credits or exclusions and still need to file Form 1040. The US uses ...
Dormant foreign corporation tax filing: Form 5471 and guide for US owners
A dormant foreign corporation is an inactive non-US corporation that may qualify for a shorter Form 5471 filing under Rev. Proc. 92-70, but dormancy does not automatically remove US reporting for the 2025 tax year. The IRS still looks at the owner’s Form 5471 filer category, ownership percentage, annual accounting period, and whether the co...