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Does a U.S. person still need to file a U.S. tax return after moving abroad?
Jyoti Vason and Chris Klug discuss the United States’ worldwide income reporting system and how it differs from the residence-based systems used by many other countries. They consider how foreign tax credits and the foreign earned income exclusion may help address taxation in more than one country, while emphasizing that these provisions generally require proper filing and analysis.
News and Insights
FBAR vs. FATCA: Understanding the Key Similarities and Differences
FBAR and U.S. FATCA are often discussed together, but they are separate reporting regimes with distinct filing requirements, thresholds, and
Understanding U.S. Taxation of Multistate and Foreign Corporations
As businesses increasingly operate across borders and state lines, understanding where tax obligations arise has become more complex than ever.
IRS Refund Delivery Changes for 2026: Guidance for U.S.‑Based and International Taxpayers
The IRS will phase out most paper refund checks for U.S.-based taxpayers starting September 30, 2025, mandating electronic direct deposits.
The SEC Updates Its Enforcement Manual
The U.S. Securities and Exchange Commission recently updated its Enforcement Manual for the first time since 2017, introducing procedural changes