Andrew Coleman

Reasonable cause means the IRS may remove or reduce certain penalties if you tried to comply with US tax law but could not because of facts outside your control. For 2025 tax year returns filed in 2026, this often matters when an expat files late, misses Form 8938, receives a Form 3520 or Form 5471 penalty notice, or discovers old FBAR gaps after...

Under Rev. Proc. 2020-17, the IRS exempts qualifying transactions with, and ownership of, applicable foreign retirement and savings trusts from IRC §6048 reporting. That tax-favored foreign trust reporting relief also removes the §6677 ...

Section 965 generally applied to the last taxable year of a specified foreign corporation that began before January 1, 2018, with the inclusion reported by the US shareholder in the tax year in which or with which that foreign corporation’s year ended. For many taxpayers this was 2017, but some reported Section 965 amounts ...

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Form 1118 (Foreign Tax Credit–Corporations) is the IRS form used to claim a credit for income taxes paid or accrued to foreign countries or US territories. It is filed by C-corporations under IRC Section 901, by individuals making a section 962 election, and by for...

If you're a US citizen working abroad, you can end up owing Social Security contributions in both countries on the same income unless a Totalization Agreement or certificate of coverage prevents it. A Social Security Certificate of Coverage (called an A1 certificate in the EU) is the document that prevents this. It's official pr...