Articles
Exclusive Citizenship Act of 2025: What it means for dual citizens
The Exclusive Citizenship Act of 2025, introduced by Senator Bernie Moreno in December 2025, would ban dual citizenship for Americans. Even so, legal and policy experts give it about a 3% chance of passing. Constitutional limits, real-world enforcem...
Best international banks for expats 2026: Side-by-side comparison
Ever feel like your bank didn't get the memo that you moved overseas? Choosing from the best banks for expats can mean the difference between smooth transfers and frustrating fees. This guide is designed for American expats who want a reliable checking account, low costs, and real access while living abroad. Key ta...
Form 2555 instructions: how to claim the foreign earned income exclusion
Living and working abroad brings incredible opportunities – and complex tax responsibilities. Fortunately, Americans overseas may qualify to exclude a significant portion of their foreign income from US taxation using IRS Form 2555. Key takeaways Form 2555 lets you exclude up ...
How to file Form 1116: Foreign tax credit example for US expats
If you earn income outside the US, chances are you've run into the issue of double taxation. The IRS offers ways to avoid that, and one of the most effective tools is the ...
Streamlined filing compliance procedures for expats
If you’ve been living outside the United States for years, it might seem natural to assume your US tax obligations ended with your last paycheck on American soil. But they didn’t. The United States taxes its citizens and green card holders on their worldwide income, and in most cases, you’re required to file a return once your i...
Exit tax for green card holders: everything you need to know
Holding a green card gives you lawful permanent resident status, which means you can live and work in the United States long term. But it also makes you a US tax resident – responsible for reporting and paying US tax on your worldwide income. At some point, you might start thinking about giving it up. Maybe you're relocating f...