Andrew Coleman
Articles
Maximizing tax benefits: Understanding the credit for other dependents & how to claim it
One valuable credit that can provide relief for expats with dependents who do not qualify for the Child Tax Credit is the credit for other dependents. In this guide, we will delve into the eligibility requirements, claiming proced...
What is unearned income vs. earned one & how it is taxed (with examples)
What is unearned income? Unearned income is a form of income that does not result from work or services performed. This income includes money that someone might receive as a gift, inheritance, alimony payments, rental payments, dividends from stocks and other investments, and different types of income that a...
Form 1098: How to file and deduct mortgage interest (and other payments)
As a US expat, you may have questions about this important tax form and how it affects your taxes. Don't worry, we're here to help! What is Form 1098: Mortgage Interest Statement Form 1098 is an information return your mortgage lender files to report mortgage interest (and certain related amounts) it received from ...
Guide to Form 1098-T, Tuition Statement (what you need to know)
Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...
Form 5471: a guide for US taxpayers with foreign interests
US tax rules, particularly those involving foreign corporations and Form 5471, can be complex and overwhelming for taxpayers. In this article, we’ll break down what Form 5471 is, who is required to file it, the penalties for non-compliance, and share tips to keep you on track with the IRS. What is Form 5471? Form 5...
US Exit Tax (expatriation tax) 2026: Who pays, who doesn't, and what to file
Planning to give up your US citizenship or green card? The first question most people ask is: Will I have to pay exit tax? Quick answer: Most people won’t owe an exit tax. You only owe if you are classified as a covered expatriate, which generally refers to individuals who meet certain wealth, tax liability, or complian...