Andrew Coleman

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...

Yes. US citizens and resident aliens abroad report worldwide income on a US tax return if they meet the 2025 filing rules, even if all income was earned outside the United States. A person can owe $0 after credits or exclusions and still need to file Form 1040. The US uses ...

A dormant foreign corporation is an inactive non-US corporation that may qualify for a shorter Form 5471 filing under Rev. Proc. 92-70, but dormancy does not automatically remove US reporting for the 2025 tax year. The IRS still looks at the owner’s Form 5471 filer category, ownership percentage, annual accounting period, and whether the co...

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

California does not have a formal exit tax for 2025 returns filed in 2026. The real risk is California residency, part-year residency, and California-source income after the move. As of mid-2026, Proposition 40 is a November 3, 2026 ballot measure, not current tax law. A move out of California does not end every California tax issue on ...