Andrew Coleman

If you hold cryptocurrency on a foreign exchange, the answer changes depending on how the account is structured and what FinCEN has finalized. As of the 2026 filing season, a foreign account holding only virtual currency is not yet reportable on the FBAR, but that position sits on a notice from 2020, not a final rule. This guide covers ...

IRS Form 8867 is the Paid Preparer’s Due Diligence Checklist – generally required whenever a paid tax return preparer determines eligibility for the Earned Income Credit (EIC), Child Tax Credit (CTC), Additional Child Tax Credit (ACTC), American Opportunity Tax Credit (AOTC), or Head of Household (HOH) filing status. In some...

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...

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...

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...

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...