Articles
How to file Form 1116: foreign tax credit example for US expats
If you earned income outside the US in 2025 and paid foreign income tax on it, Form 1116 may help reduce your 2026 US tax bill. This 1116 foreign tax credit guide explains who files the form, how the limitation works, and how the credit flows to Schedule 3. Who Form 1116 is for: US citizens, resident aliens, gre...
Expat health insurance: Costs, best plans, and coverage in 2026
Expat health insurance is a type of private medical cover for people living abroad for an extended period. According to William Russell's 2026 pricing data, the average pre...
IRS Form 1040 Schedule B: Interest and ordinary dividends explained (2026)
IRS Form 1040 Schedule B reports taxable interest and ordinary dividends earned during the tax year. You generally must file it if either category exceeded $1,500 in 2025, or if at any point during the year you held a financial interest in – or signature authority over – a financial account located outside the United States. The forei...
FBAR exchange rate: which rate to use for foreign accounts
For the FBAR exchange rate, you use the Treasury Reporting Rate of Exchange for December 31 of the reporting year. That single year-end rate is applied to the maximum balance each ...
J-2 visa taxes: tax return, residency status & filing rules 2026
Most J-2 visa holders have a US filing obligation, even when they earned no income. What you file depends on two things: whether you had US-source income, and whether you are still a nonresident alien for tax purposes. The two often get conflated, and that is where most filing errors begin. This article covers when a J-2 visa tax return...
Accidental American tax guide: Amnesty, filing, and renunciation in 2026
An accidental American is usually still considered a US taxpayer until their US citizenship is formally relinquished or renounced. Even if they have never lived in the US, do not have a US passport, or pay taxes in anothe...