What the Blue Wave Means for US Expats
Democratic victories in the House and Senate have set up divided government for President Trump’s final two years in office. For Americans abroad, major tax legislation will become harder to enact…
Read MoreTax Reform
How U.S. tax law changes, from the 2017 Tax Cuts and Jobs Act to the 2025 OBBBA and annual inflation adjustments, affect expats.
The Corporate Transparency Act Just Changed Again: What U.S. Expats Need to Know
On August 14, 2026, a new Financial Crimes Enforcement Network (“FinCEN”) rule became effective that permanently exempts U.S. companies and U.S. persons from the Corporate Transparency Act’s…
Read MoreTaxpayer Advocate Report to Congress Lays Out Compliance Challenges for US Expats
If you’re a U.S. citizen living outside the country, you already know that the American tax system follows you wherever you go. Whether you’re working in London, raising a family in Tokyo, or…
Read MoreIRS Quietly Ends Delinquent FBAR Amnesty – Here's What That Means for Taxpayers
In wholly unexpected news, the IRS has quietly shut down its Delinquent FBAR Submission Procedures (DFSP), just as it quietly ended the Delinquent International Information Return Submission…
Read MoreThe OBBBA – 6 Key Changes to International Tax Rules
The One Big Beautiful Bill Act of 2025 (OBBBA) represents the most significant overhaul of U.S. international tax rules since the Tax Cuts and Jobs Act (TCJA) of 2017.
Read MoreInflation Adjustments for 2026 Tax Items
Recently, the IRS announced the 2026 tax year annual inflation adjustments for a number of tax provisions, including tax rate schedules and other tax changes. Revenue Procedure 2025-32 provides…
Read MoreIRS to End Automatic Foreign Trust Reporting Penalties
In very welcome news, the IRS Taxpayer Advocate has confirmed on its website that the IRS will end its practice of automatically assessing penalties for late-filed Forms 3520 and 3520-A.
Read MoreInflation Adjustments for 2025 Tax Items
While many tax figures, such as exclusions or penalties, remain the same from year to year, there are certain numbers that are adjusted typically on annual basis, taking into account inflation and…
Read MoreInflation Adjustments for 2024 Tax Items
While many tax figures, such as exclusions or penalties, remain the same from year to year, there are certain numbers that are adjusted typically on annual basis, taking into account inflation and…
Read MoreInflation Adjustments for 2023 Tax Items
While many tax figures, such as exclusions or penalties, remain the same from year to year, there are certain numbers that are adjusted typically on annual basis, taking into account inflation and…
Read MoreInfrastructure Bill Adds Rules for Reporting Cryptocurrency
On November 15, 2021, the $1 trillion so-called infrastructure bill was signed into law. While the bill is not heavily focused on tax provisions per se, it does contain some changes that affect the…
Read MoreUS Expats and Biden's Tax Agenda
With President Biden now a month into his administration, the taxpayer community is still waiting to hear when and what changes will be coming to the US tax rules.
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