Andrew Coleman

The IRS can identify US taxpayers living abroad through several information channels, including FATCA bank reporting, third-party tax forms, international information exchange, digital-asset reporting, travel evidence, and tips. For the 2025 tax year filed in 2026, living outside the United States does not by itself end a US filing obligation....

Form 8865 is an information return that US persons file to report interests in foreign partnerships. It is attached to your US tax return – not filed by the partnership itself – and is due on the same date as that return, including extensions. The form covers four filer categories, each with its own schedules, triggers, and ...

Quick answer: Form 5471 Schedule O reports specified organization, reorganization, stock acquisition, and stock disposition events involving a foreign corporation under IRC Section 6046. Category 2 and Category 3 filers use different parts of the schedule, and the principal ownership threshold is generally 10% by vote or value.</...

Schedule M of Form 5471 reports specified transactions between a controlled foreign corporation and certain US persons or related entities. For a calendar-year CFC’s 2025 tax year filed in 2026, the current Schedule M remains the December 2021 revision, while the governing Form 5471 instructions are dated December 2025. As of Octo...

For 2025 tax returns filed in 2026, Form 5471 Schedule H calculates a foreign corporation’s current earnings and profits for US tax purposes, while Schedule H-1 serves a different function – calculating a CFC’s adjusted net income or loss for certain corporate alternative minimum tax filers. The distinction matters because the t...

The best international bank for expats depends on four things: multi-currency access, transfer costs, remote account opening, and ATM access. HSBC Expat – higher-balance multi-currency banking from eligible countries. Wise – low-cost currency transfers and 40+ currencies w...