Mel Whitney

If you are a US person and your aggregate foreign financial account balances exceeded $10,000 at any point during the calendar year, you must file FinCEN Form 114 – the Repo...

The Foreign Earned Income Exclusion lets qualifying US expats exclude up to $130,000 of 2025 earned income on the US tax return filed in 2026. For tax year 2026, the FEIE cap rises to $132,900, but that amount generally applies to returns filed in 2027. FEIE may reduce ...

Fo...

If you're a US citizen or green card holder earning income abroad, one of the first tax decisions each year is whether to use the Foreign Tax Credit (FTC), the Foreign Earned Income Exclusion (FEIE), or both. The choice affects how much US tax you owe, whether you qualify for refundable credits like the Additional Child Tax Credit, and whethe...

If you hold money outside the US, two separate reporting rules may apply to you. FBAR (FinCEN Form 114) is filed with the Financial Crimes Enforcement Network if the aggregate maximum value of your foreign financial accounts exceeds $10,000...

Many US taxpayers discover years later that foreign income, bank accounts, or FBARs were never reported — often because they did not realize the rules applied to them. To help eligible ...