Andrew Coleman
Articles
Guide to Form 1098-T, Tuition Statement (what you need to know)
Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...
What is Form 8332, Release of Claim to Exemption for Child by Custodial Parent
Form 8332 is crucial – especially for divorced or separated parents. This IRS form plays a vital role in determining which parent gets to claim specific tax benefits related to a child. In this article, we’ll explain what Form 8332 is, how to complete it step by step, and how it impacts key tax ben...
Physical presence test: Complete guide to the 330-day rule (2026)
The physical presence test is an IRS requirement to qualify for the Foreign Earned Income Exclusion (FEIE). You must be physically present in a foreign country for at least 330 full days during any 12-month period to exclude up to $130,000 of foreign earned income from US taxation in the 2025 tax year. This test is one of two paths to q...
Form 5471: a guide for US taxpayers with foreign interests
US tax rules, particularly those involving foreign corporations and Form 5471, can be complex and overwhelming for taxpayers. In this article, we’ll break down what Form 5471 is, who is required to file it, the penalties for non-compliance, and share tips to keep you on track with the IRS. What is Form 5471? ...
US Exit Tax (expatriation tax) 2026: Who pays, who doesn't, and what to file
Planning to give up your US citizenship or green card? The first question most people ask is: Will I have to pay exit tax? Quick answer: Most people won’t owe an exit tax. You only owe if you are classified as a covered expatriate, which generally refers to individuals who meet certain wealth, tax liability, or co...
Form 2555 instructions: how to claim the foreign earned income exclusion
Living and working abroad brings incredible opportunities – and complex tax responsibilities. Fortunately, Americans overseas may qualify to exclude a significant portion of their foreign income from US taxation using IRS Form 2555. Key takeaways Form 2555 lets you exclude up ...