U.S. citizens and green card holders must file U.S. tax returns and report worldwide income, even while living abroad. Filing is required if income meets IRS thresholds ($15,000 for single filers, $30,000 for joint filers in 2025). You may reduce double taxation with the Foreign Earned Income Exclusion or Foreign Tax Credit, but must claim them. Self-employment income, FBAR, and Form 8938 may also apply. Staying compliant helps avoid penalties and maintain good financial standing.

What kind of tax consequences will a Canadian resident athlete, like McKenna, who is scheduled to earn income from his name, image, and likeness (NIL) through advertising or other campaigns, face in both the United States and Canada?

Former Toronto Blue Jays all-stars Russell Martin and Josh Donaldson scored a significant victory vs the Canada Revenue Agency (CRA) as a...