For U.S. taxpayers living abroad, two of the most common (and costly) reporting traps are FBAR (Foreign Bank Account Report, FinCEN Form 114) and FATCA (Foreign Account Tax Compliance Act, reported on IRS Form 8938).

or individuals with both domestic and foreign financial connections, wrapping up onshore and offshore disclosures now can save you from unne

Navigating U.S. tax obligations while living abroad can be challenging, but taking proactive steps now can lead to significant tax savings.