In a general legal advice memorandum dated September 8, 2025, with a release date of September 19 (the “GLAM”),1 the Chief Counsel’s office of the Internal Revenue Service (“IRS”) addressed the ...
Earning income across borders can lead to one frustrating outcome: double taxation. According to the IRS, U.S. citizens are subject to U.S. income tax even if their foreign income is also taxed by the ...