Andrew Coleman

IRS Form 1040 Schedule B reports taxable interest and ordinary dividends earned during the tax year. You generally must file it if either category exceeded $1,500 in 2025, or if at any point during the year you held a financial interest in – or signature authority over – a financial account located outside the United States. The forei...

For the FBAR exchange rate, you use the Treasury Reporting Rate of Exchange for December 31 of the reporting year. That single year-end rate is applied to the maximum balance each ...

Most J-2 visa holders have a US filing obligation, even when they earned no income. What you file depends on two things: whether you had US-source income, and whether you are still a nonresident alien for tax purposes. The two often get conflated, and that is where most filing errors begin. This article covers when a J-2 visa tax return...

US persons with ownership, contributions, or reportable changes in a foreign partnership must generally attach Form 8865 to their income tax, partnership, or exempt organization return. If no such return is required, Form 8865 is filed separately by the date the return would otherwise be due. Form 8865 is informational, but penalties va...

Puerto Rico is a US territory with its own tax system, which makes the answer different from the 50 states. For the 2026 filing season, based on 2025 income, bona fide residents can usually exclude Puerto Rico-source income from US ...

If you're a green card holder living outside the United States, your tax obligations don’t stop when you move abroad. Even while earning income overseas, the IRS taxes green card holders. ...