Andrew Coleman

For payments made in 2025, a business generally reports $600 or more of nonemployee compensation paid to a US person on Form 1099-NEC. The filing and recipient deadline is February 2, 2026. A foreign address does not decide the form. The payer must identify the contractor’s US tax status, where the services were performed, and whe...

A dual-status alien is a non-US citizen who is both a resident alien and a nonresident alien during 1 tax year. For 2025, a dual status alien tax return usually uses Form 1040 or 1040-SR if you are a resident on December 31, or Form 1040-NR if you are a nonresident. Your visa label does not by itself decide your federal tax residency. T...

Quick answer box Lien authority: IRC Section 6321 attaches automatically once tax is assessed and payment demanded. FATCA reporting threshold: $50,000 end-of-year for single US-resident filers; $200,000 end-of-year for single expats abroad (Form 8938). ...

For 2025 individual returns filed in 2026, the foreign tax credit high tax kickout rule can move high-taxed passive foreign source income and its related creditable foreign taxes out of the passive category on Form 1116. The key individual threshold is 37%, the highest US income tax rate for 2025 – not 33.3...

Form 5713 reports certain business operations connected with boycotting countries, boycott requests, and agreements to participate in or cooperate with an international boycott. For the 2025 tax year, the IRS Form 5713 instructions matter mainly to US taxpayers with cross-border business or entity activity rather than employees who merely live in...

For tax year 2025, Schedule B reports taxable interest, ordinary dividends, and foreign-account or trust disclosures. Most filers need it when taxable interest or ordinary dividends exceed $1,500, but several other triggers apply. This update is verified for 2025 returns filed in 2026 and reflects IRS and FinCEN guidance available as of...