Own a condo in Manila, a flat in London, or a rental house in Guadalajara? If you're a US citizen, green card holder, or resident alien, the IRS wants to hear about the rent you collect on it — no matter where that property sits or what currency the rent shows up in. Here are the basics of reporting foreign rental income correctly, so a straightforward income stream doesn't turn into a compliance headache.

A rental is a rental, right? Not when it's overseas. Foreign rental real estate is stuck on a slower depreciation schedule with no bonus depreciation, and recapture at sale brings in currency translation and FTC sourcing that most software won't catch. Here's the full domestic-vs-foreign comparison.

Passive activity loss rules quietly limit how much rental and passive losses you can deduct each year. This week's Tax Tip Tuesday breaks down the income phase-outs, Real Estate Professional Status traps, and documentation gaps that turn a legitimate loss into an audit flag.

Schedule E is one of the most scrutinized sections of your tax return. From rental losses to K-1 mismatches to passive activity rules, the IRS is watching — and documentation is everything.

Learn the tax implications of selling your home, both in the U.S. and abroad. Understand how the home sale exclusion, depreciation recapture, and foreign tax credits work for U.S. taxpayers.

When Congress fails to pass a budget or temporary funding bill, the federal government enters what’s known as a shutdown.

Owning a rental property abroad can be both rewarding and complicated—especially when it comes to U.S. taxes. The United States taxes its...

Selling property abroad? Don’t forget that the U.S. taxes you on worldwide income — including capital gains from foreign real estate sales.

For many Americans, buying a home is not just about building equity and having a place to call your own—it’s also a powerful way to unlock hidden tax advantages.