Neutralized, source-linked updates from nomad, tax, migration, and remote-work sources.
155 items
Missing the US federal tax filing deadline has different consequences depending on whether a refund is owed or taxes are due. Unpaid federal income tax accrues penalties and interest the longer it remains outstanding, while those owed a refund face fewer immediate consequences.
U.S. citizens working self-employed abroad are still required to report business income on their U.S. tax return. Various deductions and credits may be available to reduce the resulting tax liability.
The IRS Streamlined Filing Compliance Procedures allow eligible U.S. taxpayers to correct non-willful failures to file tax returns, FBARs, or international information forms related to foreign income. The program provides a structured process to come into compliance without the penalties typically associated with late or missed filings.
U.S. taxpayers living abroad who have non-willfully fallen behind on tax returns or FBARs may qualify for the IRS Streamlined Foreign Offshore Procedures, which allow filing of overdue or corrected returns without standard failure-to-file, information-return, or FBAR penalties. Eligibility requires meeting IRS non-residency rules and demonstrating non-willful conduct.
The IRS Streamlined Filing Compliance Procedures allow Americans who non-willfully failed to report foreign income or accounts to catch up on filings with reduced or no offshore penalties. Two variants exist: the Streamlined Foreign Offshore Procedure (SFOP) for those living abroad, and the Streamlined Domestic Offshore Procedure (SDOP) for US residents.
U.S. residents who failed to report foreign income or financial assets on prior tax returns may use the IRS Streamlined Domestic Offshore Procedures to correct filings with a single 5% penalty. Eligibility requires certifying non-willful conduct and submitting three years of amended returns.
Certain foreign accounts and assets are exempt from FATCA reporting requirements, with eligibility depending on the type of asset held, where it is held, and how the account or institution is classified. The specific exemptions that apply vary by individual circumstances.
A desk-research review covers Traveling Mailbox service plans, overage charges, mail forwarding options, storage policies, and the USPS Form 1583 authorization requirement. The review is aimed at digital nomads evaluating virtual mailbox services.
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.
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.
A presentation from the 2026 US Expats Financial Conference covers cryptocurrency-related information relevant to Americans living abroad. Topics include what US expats should be aware of regarding crypto holdings and obligations in 2026.
A financial advisor covers key financial topics for Americans living abroad, including FATCA reporting obligations, PFIC investment rules, and golden visa residency options. The discussion addresses the financial and regulatory complexities involved in building a life outside the United States.
A roundup of expat financial news covering Dubai tourism incentives, UK-US wealth planning considerations, and Japanese pension investment developments. No single policy change is detailed in the excerpt.
Brandon Mitchener of Tax Fairness for Americans Abroad presented at the 2026 US Expats Financial Conference on the legislative steps required to shift the US from citizenship-based to residence-based taxation. The session outlined the current congressional pathway for such a reform.
An overview of countries where Americans can retire outside the U.S., covering considerations such as healthcare access, residency requirements, and practical livability. The guide addresses how to evaluate options from a distance.
Americans holding 401(k), IRA, or similar retirement accounts may in certain circumstances be able to use those funds to make a qualifying investment for the Portugal Golden Visa. The article outlines conditions under which this is possible.
The L.A. Times published an article on wealthy Americans, particularly Californians, pursuing golden visa residency programs abroad as a hedge against US political uncertainty. The piece covers the trend of converting capital into second passports and overseas residency.
Three specialists at the 2026 US Expats Financial Conference addressed questions from Americans on Panama visas, US tax obligations, banking, investing, and cross-border financial planning. The session covered residency options and property ownership considerations for US citizens relocating to Panama.
Cross-border experts address common questions from Americans relocating to Portugal, covering taxes, visas, property purchases, and financial planning compliance. Topics include how to remain tax-compliant as a US citizen living in Portugal and what to expect during the relocation process.
The guide covers practical aspects of relocating from the US to Mexico, including residency paperwork, cost of living, infrastructure differences, and daily life logistics. Topics include walkability, Spanish-language requirements, water safety, and seasonal disruptions.
A session at the 2026 US Expats Financial Conference covers proactive tax planning strategies for Americans abroad, moving beyond basic compliance. The talk is presented by the founder of Tax Samaritan.
A new U.S. remittance tax enacted into law applies starting in 2026 to certain transfers of money sent abroad, including transfers used to support family or move funds across borders. The final law is reported to be narrower in scope than earlier legislative proposals.
The IRS removed its Delinquent FBAR Submission Procedures webpage on July 1, 2026, without issuing a formal announcement or explanation. The procedure had provided a path for taxpayers to submit late FBAR filings without penalty under certain conditions.
USCIS has opened a new Atlanta Asylum Office to handle affirmative asylum interviews for applicants in Georgia and Alabama. Starting July 8, 2026, applicants under this office's jurisdiction will be scheduled at one of three interview locations.
Following the Supreme Court's decision in Mullin v. Doe, USCIS has issued updated E-Verify and Form I-9 guidance for employers and Temporary Protected Status beneficiaries from Burma, Ethiopia, Haiti, Somalia, South Sudan, Syria, and Yemen. The guidance is temporary while lower court litigation over TPS terminations continues.
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Erickson Immigration Group
3 months ago
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