US tax preparation for Americans in Saudi Arabia

US citizenship by descent – also called acquisition of citizenship – is automatically conferred at birth to children born abroad to at least one US citizen parent who meets the physical presence requirement under the Immigration and Nationality Act. Two core statutes govern how citizenship by descent works. ...

When you receive gifted property, the IRS generally assigns you the donor's original adjusted basis under Section 1015 – not the fair market value at the time of the gift. If you later sell that property for more than the carryover basis, you owe ...

Under IRC Section 988, gains and losses arising from fluctuations in exchange rates on nonfunctional currency transactions are generally treated as ordinary income or loss – not capital gain – which can significantly affect your US tax bill. If you hold a foreign mortgage, maintain a bank account in local cu...

Form 1040 is the main US individual income tax return. For tax year 2025, filed in 2026, it reports income, applies deductions and credits, calculates federal tax, and shows whether you owe a balance or receive a refund. It is the starting point for most individual federal filings. The following 3 points give you the short version befor...

The expatriation tax for green card holders generally matters only after 8 of the last 15 tax years as a lawful permanent resident and at least 1 covered-status test. Our US exit tax guide explains the federal regime. For a 2025 expatriation tax green ca...

The core rule: The US uses a citizenship tax system. It taxes its citizens and most green card holders on worldwide income, regardless of where they live. Moving abroad does not end your US tax obligations. Who files: US citizens and resident aliens generally file when they meet the 2025 filing ...