Andrew Coleman

Section 965 generally applied to the last taxable year of a specified foreign corporation that began before January 1, 2018, with the inclusion reported by the US shareholder in the tax year in which or with which that foreign corporation’s year ended. For many taxpayers this was 2017, but some reported Section 965 amounts ...

For ...

Form 1118 (Foreign Tax Credit–Corporations) is the IRS form used to claim a credit for income taxes paid or accrued to foreign countries or US territories. It is filed by C-corporations under IRC Section 901, by individuals making a section 962 election, and by for...

If you're a US citizen working abroad, you can end up owing Social Security contributions in both countries on the same income unless a Totalization Agreement or certificate of coverage prevents it. A Social Security Certificate of Coverage (called an A1 certificate in the EU) is the document that prevents this. It's official pr...

Every year, more Americans choose to build new lives overseas — nearly ...

Most refunds are issued in fewer than 21 days, but tax refund delays can ha...