Affluent Americans are exploring second residency and citizenship options in Latin American countries, motivated by a desire to establish an international presence rather than to leave the US. The trend mirrors longstanding practices among wealthy Latin Americans who have long sought alternative residency and citizenship arrangements abroad.
US taxpayers who use a tax treaty to modify how US tax law applies to their income may be required to disclose that claim to the IRS using Form 8833. Not all treaty benefits trigger the filing requirement, and the rules depend on the specific treaty position being taken.
An overview of visa types and residency or citizenship pathways available to US citizens considering a move abroad. The article covers various routes that Americans can use to establish legal status in another country.
Form 8960 is used to calculate and report the 3.8% Net Investment Income Tax (NIIT), which applies to certain U.S. taxpayers whose investment income exceeds modified adjusted gross income thresholds. The form may be required for U.S. citizens and residents living abroad who have passive income such as dividends, capital gains, or rental income.
Argentina is preparing to launch a Citizenship by Investment program. Details about the program's structure and requirements have been discussed ahead of its official launch.
The IRS still accepts late US tax returns after the October 15 extended deadline, and filing late is separate from paying any outstanding balance. Penalties may increase over time, so earlier submission reduces additional costs.
Congress amended the controlled foreign corporation (CFC) rules in 2025, with changes taking effect in 2026. U.S. citizens who own foreign companies may see different treatment of overseas business profits on their U.S. tax returns as a result.
October 15, 2026 is the final filing deadline for U.S. expats who requested an extension to submit their 2025 federal tax return. The extension applies to filing only, not to payment of any taxes owed.
The IRS announced a new Automatic Exemption from Penalty (AEP) program in July 2026, applying to eligible 2025 tax returns. Taxpayers who have filed and paid on time for the previous three years may have certain penalties automatically waived if they make a one-time mistake.