Andrew Coleman
Articles
RESP: What US expats need to know about education savings and tax implications
Every year, Canadian families pour billions into Registered Education Savings Plans, building a cushion for their children’s future studies. These accounts reward early savers through government grants and years of tax-deferred growth, making the RESP a cornerstone of Canadian education planning. Yet for many US expats in Canada, this same ...
Dual-status alien tax return: 2025 complete filing guide
Every US taxpayer has to file an annual return – but things get more interesting when residency changes midyear. Spending only part of the year as a resident and the rest as a nonresident makes you a dual-status alien under IRS rules. It’s a unique position that calls for special filing steps, careful income reporting, and attention t...
How to renounce US citizenship: process, costs, and exit tax
To renounce US citizenship is more than signing forms – it’s a defining moment that ends your legal and tax obligations to the United States. The process, which begins at a US consulate abroad, makes the decision final for many Americans living overseas. For some, the exit tax adds another layer of complexity. These can turn...
The physical presence test explained: How to qualify for the Foreign Earned Income Exclusion
Living and working abroad can bring freedom, but it also means navigating a unique set of US tax rules. One of the most important is the Physical Presence Test, a standard that determines whether you can shield part of your income from taxation. It connects directly to the Foreign Earned Income Exclusion, offering a pathway to significant savings...
IRS streamlined domestic offshore procedures: complete 2025 guide
Many US taxpayers with foreign accounts or assets discover too late that the Internal Revenue Service (IRS) expects full disclosure, even if those assets are abroad. Some believe that living in the US means overseas property or bank accounts don’t count. Others assume a foreign bank or employer has already reported the information, not real...
IRS Constructive Ownership rules explained: A complete guide
Constructive Ownership is more than a technical tax term – it is the way the IRS prevents taxpayers, corporations, and foreign companies from sidestepping reporting thresholds. This guide tells you about how these rules apply in practice, why they matter, and where they trigger reporting duties. By attributing shares held by family or entit...