Andrew Coleman
Articles
Do US citizens living abroad pay taxes?
Living abroad doesn’t exempt you from US tax obligations. American citizens and permanent residents must report worldwide income, even if they haven’t set foot in the States for years. That might come as a surprise, especially if you’re already paying taxes where you live. Understanding how US citizens living abroad ha...
GILTI tax explained: Definition, calculation, examples & planning
Global Intangible Low-Taxed Income (GILTI) represents a significant component of US international tax law affecting businesses and individuals with foreign investments. It was introduced as part of the Tax Cuts and Jobs Act (TCJA) in 2017 to ensure that US taxpayers pay a minimum level of tax on foreign earnings, particularly those derived from i...
Prime low-tax countries: Where expats should relocate in 2026?
If you're looking to reduce your tax burden, relocating to a low-tax country might be a smart financial move. But for US citizens and residents who are taxed on their worldwide income, compliance with US tax laws remains non-negotiable. Many low-tax countries offer limited transparency and reporting, which can trigger red flags with the Inter...
Top 11 common IRS audit triggers: A guide for US expats
For US expatriates, navigating the tax waters can be even more daunting than for stateside citizens. Understanding the common IRS audit triggers is essential in steering clear of tax woes. We have carefully compiled a list of 11 red flags that could prompt th...
Bona fide residence test explained: How US expats can qualify for tax breaks
Understanding how to qualify as a bona fide resident can be the key to unlocking valuable tax savings while living abroad. The bona fide residence test is one of two primary methods US expats can use to exclude foreign earned income from US taxation under the ...
IRS Form 5472 guide: key rules for foreign-owned US companies
If you're a foreign owner of a US company or a foreign entity doing business in the US you’ve probably come across Form 5472. You should use this form to report some or all of your financial transactions to the Internal Revenue Service (IRS). In this guide, you’ll find information about who needs to file this form, which transactions yo...