Andrew Coleman
Articles
Tax reform for US owners of foreign corporations: Understanding the Sec 962 election
Owning a company outside the US can feel confusing when you see taxes taken in two places. The Section 962 election is a rule that helps make things fair. It allows an American who owns a foreign-controlled corporation overseas to use the same tax steps that a large US company uses. This means you can lower your bill if the foreign tax rate is no...
What happens if you don’t file taxes while living abroad? Penalties & IRS rules explained
Most of the stories we hear every day are from Americans who moved abroad and never filed their US tax returns – some simply forgot, others didn’t realize they still had to, and a few chose to take their chances. But this is not the time to ignore it. Penalties can climb quickly, interest keeps growing, and the IRS can catch up even y...
The ultimate moving abroad checklist: Step-by-step guide to a smooth relocation
Moving abroad requires 3–6 months of preparation across visas, finances, healthcare, and tax compliance. This comprehensive moving abroad checklist covers every step for US citizens relocating internationally, including IRS reporting requirements that 9 million Americans overseas must follow. From passport renewal to FBAR filing, we break d...
Acceptable reasons for renouncing US citizenship: what it means and what happens next
When many Americans face a problem they can’t solve, renunciation sometimes comes to mind. But most people don’t know that giving up US citizenship is a serious and final choice. It must be done in another country, in front of a consular officer. Once it’s done, there is no going back. Renouncing US citizenship can mak...
US expat taxes 2025: Complete guide to filing abroad & avoiding double taxation
Every year, more Americans pack up and start new lives overseas – nearly 9 million, as of 2025, according to the US State Department. Once someone moves abroad, they’re considered an expatriate, but one thing never really changes – taxes. Wh...
Demystifying the GILTI high tax exception: expert insights
Many Americans with foreign businesses are surprised when their profits face additional tax from the US, even after paying high local rates abroad. This double taxation often stems from complex global income rules that few understand. The GILTI high tax exception helps limit that extra tax when foreign earnings exceed a certain threshold, offerin...