US tax preparation for Americans in Saudi Arabia

Form 8621 is the IRS information return for US taxpayers who own shares in a passive foreign investment company, or PFIC. If you hold a foreign mutual fund, a foreign ETF, a hedge fund, or certain foreign holding companies, you may need to file a separate Form 8621 for each PFIC you own, for each tax year a filing trigg...

Form 8865 is an information return that US persons file to report interests in foreign partnerships. It is attached to your US tax return – not filed by the partnership itself – and is due on the same date as that return, including extensions. The form covers four filer categories, each with its own schedules, triggers, and ...

If you are a foreign national who owns or represents a foreign-formed company registered to do business in a US state, the FinCEN ID may be relevant to your beneficial ownership information reporting obligations. The regulatory picture shifted in 2025 and 2026. FinCEN permanently ended BOI reporting for US companies and US persons on Au...

FBAR Form 114a is the Record of Authorization to Electronically File FBARs – a companion document that authorizes a third party, such as a CPA, enrolled agent, or spouse, to submit FinCEN Form 114 on your behalf through the BSA E-Filing System. F...

A foreign trust is any trust that fails either the court test or the control test under US tax law. If you are a US citizen or resident who owns, benefits from, or contributes to one – a foreign pension plan, an inherited family trust, or an estate structure set up abroad – you likely have IRS reporting obligations even if no US tax i...

The best international bank for expats depends on four things: multi-currency access, transfer costs, remote account opening, and ATM access. HSBC Expat – higher-balance multi-currency banking from eligible countries. Wise – low-cost currency transfers and 40+ currencies w...