Mel Whitney
Articles
US citizenship by descent: Eligibility, how to claim it, and tax obligations in 2026
US citizenship by descent – also called acquisition of citizenship – is au...
Where to report foreign income on Form 1040 and exclude it legally
If you're a US citizen or green card holder living abroad, you owe US tax on your worldwide income. That includes wages, self-employment earnings, interest, dividends, rental income, and pensions – regardless of...
IRS Notice 2025-72: What the end of the one-month deferral rule means for foreign companies
If your group has been using a one-month deferral for foreign subsidiaries, the clock just ran out. ...
Capital gains tax on foreign property: US reporting, exclusions, and how to reduce tax
US citizens and resident aliens generally report ...
Form 5471 Schedule J: Accumulated E&P and PTEP reporting guide for US shareholders
Schedule J of Form 5471 tracks the accumulated earnings and profits – known as E&P – of a controlled foreign corporation, or CFC. Schedule J is sometimes referenced as Form 5471 Sch J in IRS correspondence and practitioner shorthand. It separates previously taxed earnings and profits, referred to as PTEP, from non-previously taxed...