Andrew Coleman

Most nonresident aliens do not owe US capital gains tax merely because they sell ordinary US stocks, but sales of US real estate are generally taxable and commonly trigger FIRPTA withholding. A separate 183-day rule can impose a 30% tax on certain net US-source capital gains when a nonresident is physically present in the United States for at lea...

Updated for 2026, US law does not maintain an official country-by-country approval list for second nationalities. Americans can generally hold another nationality without losing US citizenship unless they perform an expatriating act voluntarily and with the intention of relinquishing US nationality. This dual citizenship countri...

As of 2026, the ...

The IRS imposes a $10,000 initial penalty for not filing Form 5471 per foreign corporation, per annual accounting period – regardless of whether any tax is owed (IRC §6038(b)). If the failure continues after IRS notice, continuation penalties can push the total to $60,000 per form per year. The penalty multiplies across entit...

IRS Form 12661 can help a taxpayer reopen a closed IRS examination when new information was not considered during the original audit and an assessed liability remains unpaid. For Americans abroad, that can matter after a correspondence examination involving Form 2555, Form 1116, foreign income, or other disputed tax issues. The form its...

The IRS tax amnesty program — often called the tax amnesty program or federal tax amnesty — is an umbrella term for several tax compliance relief options in the US. IRS tax amnesty is not tax forg...