Controlled Foreign Corporation • 1040 Abroad

U.S. Taxation of a Controlled Foreign Corporation

Last reviewed: October 2026If you are a U.S. citizen or resident and you own a company abroad, the United States can tax that company's...

6 min read Your renunciation appointment is the one part of the process that happens in person, and it’s natural to feel nervous about it....

8 min readMany Americans abroad worry they may have lost their U.S. citizenship without realizing it, for example by becoming a citizen of...

7 min readThe short answerThere is no official list of acceptable reasons for renouncing U.S. citizenship. The law doesn’t require you to...

6 min readBoth relinquishing and renouncing end U.S. citizenship. The difference is when the loss happens and what you have to...

The short answerTo become tax compliant before renouncing, you file every U.S. tax return, FBAR and information return you were required...

7 min read Many people living abroad took another citizenship years ago and assumed that was the end of their U.S. ties. For nationality...

Updated October 2026Renouncing U.S. Citizenship7 min read Yes, you can renounce U.S. citizenship without filing your back taxes. The...

Many U.S. expats have been told that owning any non-U.S. mutual fund or exchange-traded fund automatically means filing a separate Form...

The Additional Child Tax Credit is the refundable portion of the Child Tax Credit. For 2025, an eligible U.S. expat may receive up to...

Yes. A U.S. citizen living abroad can claim the Child Tax Credit for 2025 if the taxpayer and child meet the eligibility requirements. For...

If you're a U.S. citizen or Green Card holder married to a nonresident alien (NRA) spouse, filing your federal income tax return can be...

Navigating international taxation and U.S. tax compliance can be complex for U.S. expats who own or benefit from a foreign trust. Among...

Yes, delinquent FBAR penalty relief still exists. Although the IRS removed its public Delinquent FBAR Submission Procedures webpage in...