Andrew Coleman
Articles
Form 8865 requirements for US taxpayers with foreign partnership interests
If you’re a US person with ownership or involvement in a foreign partnership, you may be required to file Form 8865. It’s technical and easy to overlook – yet failure to file can lead to serious penalties. This guide will help you understand whether you need to file and how to do it correctly to stay compliant. ...
Do US citizens living abroad pay taxes?
Living abroad doesn’t exempt you from US tax obligations. American citizens and permanent residents must report worldwide income, even if they haven’t set foot in the States for years. That might come as a surprise, especially if you’re already paying taxes where you live. Understanding how US citizens living abroad ha...
GILTI tax explained: Definition, calculation, examples & planning
Global Intangible Low-Taxed Income (GILTI) represents a significant component of US international tax law affecting businesses and individuals with foreign investments. It was introduced as part of the Tax Cuts and Jobs Act (TCJA) in 2017 to ensure that US taxpayers pay a minimum level of tax on foreign earnings, particularly those derived from 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...
Prime low-tax countries: Where expats should relocate in 2025?
If you're looking to reduce your tax burden, relocating to a low-tax country might be a smart financial move. But for US citizens and residents who are taxed on their worldwide income, compliance with US tax laws remains non-negotiable. Many low-tax countries offer limited transparency and reporting, which can trigger red flags with the Inter...
Top 11 common IRS audit triggers: A guide for US expats
For US expatriates, navigating the tax waters can be even more daunting than for stateside citizens. Understanding the common IRS audit triggers is essential in steering clear of tax woes. We have carefully compiled a list of 11 red flags that could prompt th...