Ines Zemelman

A country of domicile is the country a person treats as their permanent legal home and intends to return to, even after living elsewhere for years. Your country of domicile is about permanence and intent – not where you happen to be right now. A country of residence is simply where a person currently lives, works, or holds a visa....

If you can move money out of a foreign bank account, the US government may treat you as a filer even if none of the money is yours. That is the core of the FBAR signature authorit...

An ITIN is a 9-digit tax processing number issued by the IRS to individuals who have a US tax filing or payment obligation but are not eligible for a Social Security Number. The IRS issues ITINs through Form W-7. Processing typically takes about seven weeks, but applicants should allow 9–11 weeks during peak filing season or when ...

Canceled debt is generally taxable income for the year the debt was forgiven, unless a specific IRS exclusion applies. If a lender discharged $600 or more of your debt in 2025 after a reportable identifiable event, it generally must file Form 1099-C and send you a copy. The IRS received a copy too, so the amount in Box 2 has to be accou...

The BEAT tax – formally the base erosion and anti-abuse tax – is a US corporate minimum tax that targets large C corporations making deductible payments to foreign related parties. It applies only to corporations with average annual gross receipts of $500 million or more over the prior three tax years, so most small and mid-...

Holding two passports does not remove US filing duties. As a US citizen, you generally file Form 1040 every year on worldwide income, whatever the second country. Most dual citizens avoid double taxation on income through the ...