7 Guides across 1 job. Each Guide is authored by an accountant; the ones more colleagues stand behind rise to the top.
Tier 2 US federal content skill for the dual foreign financial account disclosure regimes — FinCEN Form 114 (FBAR) under 31 USC §5314 and Form 8938 (FATCA) under IRC §6038D. Covers tax year 2025 including the $10,000 aggregate FBAR threshold (per Bittner 2023 non-willful penalty is per-form not per-account), Form 8938 specified person and SFFA thresholds ($50k/$100k/$200k/$400k tiers), the differences in coverage (signature authority for FBAR, ownership for 8938, foreign mutual funds for 8938 only), willful and non-willful penalty severity, and the Streamlined Foreign Offshore / Domestic Offshore compliance paths for catching up.
The US taxes citizens wherever they live. What that actually means when you move abroad: the FEIE vs Foreign Tax Credit decision, FBAR and FATCA reporting, the PFIC and foreign-company (GILTI/5471) traps, sticky states, Social Security and totalization, and — for those who go all the way — the §877A exit tax on renouncing. Sequenced by destination type: zero-tax (UAE/Gulf) vs high-tax (EU).
US federal tax residency for people who are not US citizens: the green card test, the substantial presence test (31 days and the 183-day weighted count), exempt students and scholars and their year limits, the closer connection exception (Form 8840), the first-year choice, residency start and end dates, treaty tie-breakers (Form 8833), the long-term resident expatriation trap (Form 8854), spousal joint-return elections and dual-status returns, for tax year 2026 with 2025 notes.
US controlled foreign corporations for 2026 and 2025: United States shareholder and CFC tests, Subpart F income, net CFC tested income (formerly GILTI), the §250 deduction and §960 credit, the §962 election, the high-tax exclusion, and Form 5471 categories and penalties.
Whether a US person must file an FBAR (FinCEN Form 114), Form 8938, both or neither for 2026 (with 2025 notes): the aggregate FBAR threshold test, signature authority, Form 8938 thresholds by filing status and US or abroad residence, what each form counts, deadlines, penalties after Bittner with current inflation-adjusted amounts, statute of limitations, and late-filing and streamlined routes.
How to decide which US states can tax an individual who lives, moves or works in more than one state, tax year 2026 with 2025 return notes: domicile and statutory residency tests (permanent place of abode plus day counts) for NY, NJ, PA, CT, DE, MD, VA and CA, part-year returns, sourcing a nonresident's wages by days worked, the convenience-of-the-employer rule and remote workers, wage reciprocity agreements, the resident credit for tax paid to other states, and the 4 U.S.C. 114 bar on source-state tax of retirement income.
Tier 2 US federal international tax content skill for §951A GILTI / post-2025 NCTI, §250 FDII / post-2025 FDDEI, §59A BEAT, and surviving Subpart F. Covers tax year 2025 including the 50% §250 GILTI deduction, 37.5% FDII deduction, 10% BEAT rate, §962 election, Forms 5471/8992/8993/8991, §965 final installments, and OBBBA P.L. 119-21 post-2025 mechanics: 40% NCTI deduction, 33.34% FDDEI deduction, 90% NCTI deemed-paid FTC, QBAI/NDTIR removal after 2025, and 10.5% BEAT rate with protected-credit treatment.