Andrew Coleman
Articles
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...
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...
Form 1120-F: Complete guide for foreign corporations in the US
Filing a corporate tax return in the US takes more than filling out forms – it demands precision and insight. For a foreign corporation doing business across borders, especially in the US, Form 1120-F is the key to showing how income is connected to US activities and how deductions are properly claimed. It transforms complex tax data into a...
Understanding Subpart F income: Complete guide for US shareholders
For years, many Americans with overseas companies used foreign entities to delay paying US tax on profits earned abroad. Congress responded by creating Subpart F income rules to close that gap and ensure fairness between domestic and international businesses. When a foreign corporation qualifies as a CFC, its earnings can become taxable in the sa...