Just remember that even abroad you have to report ALL your worldwide income to the US, including any interest from Irish bank accounts, investment income, etc. US citizenship = US tax filing forever unless you renounce. File form 8938 if your foreign financial assets exceed the threshold (lower than you might think!). File FBAR (FinCEN Form 114) for foreign accounts over $10k combined at any point in the year. And if you think "the IRS will never know about my Irish accounts" - think again. FATCA requirements mean foreign banks report US account holders directly to the IRS. My colleague tried to "forget" about his German accounts and got hit with a $10,000 penalty. Not worth the risk!

Sarah, congratulations on the job offer! As someone who's navigated similar waters, I'd strongly recommend getting professional guidance before making your final decision. The tax implications are complex but definitely manageable with proper planning. A few key points to consider beyond what others have mentioned: 1. **State tax implications**: Since you're currently in Florida (no state tax), make sure you properly establish non-residency before leaving. Florida doesn't have specific requirements, but you'll want to update your voter registration, driver's license, and bank accounts to avoid any future complications. 2. **Timing matters**: The date you move affects which tax year certain exclusions apply to. If possible, try to time your move strategically - either very early or very late in the tax year to maximize your exclusions. 3. **Employer support**: Ask your potential employer about their expat support services. Many larger companies provide tax preparation assistance or reimbursement for international tax compliance costs, which can be substantial. 4. **Health insurance**: Don't forget to factor in how your health insurance will work. US-based insurance often doesn't cover you adequately abroad, and you may need to purchase local coverage in Ireland. The $96k salary should work well with the Foreign Earned Income Exclusion, but definitely run the numbers on the total tax burden (US + Irish) versus what you'd pay on a comparable salary in the US. Dublin is also quite expensive, so factor in cost of living differences. Good luck with your decision!

Instead of intercompany loans, have you considered a cost-sharing arrangement? Since you mentioned joint research, you might qualify for a cost-sharing agreement where both entities share the costs and risks of developing intangible property. It can be more complex to set up initially, but might align better with the actual business relationship and could potentially offer better long-term tax benefits once you start generating revenue from the R&D activities.

Don't forget about potential foreign exchange implications! If you're sending USD to a foreign sub that operates in another currency, you'll need to account for forex gains/losses on those intercompany loans. This can get messy depending on the functional currency of each entity and how often exchange rates fluctuate.

This whole Zelle tax thing is soooo overblown in the media. I literally checked with my accountant last week. She said unless you're running a BUSINESS through Zelle you have NOTHING to worry about. All your rent splitting, family gifts, friend reimbursements, etc. are totally NOT taxable and never have been. The only change is that payment platforms have to send 1099-Ks at a lower threshold now. But the actual TAX LAWS about what's income haven't changed at all. If it wasn't taxable income before, it still isn't now!

I'm dealing with a similar situation and this thread has been super helpful! I use Zelle constantly for splitting utilities with roommates, paying my share of group gifts, and getting reimbursed when I pick up groceries for friends. I was getting really anxious thinking I'd have to track and report every single transaction. From what everyone's saying here, it sounds like the key is just being able to distinguish between actual business income versus personal transfers and reimbursements. For those computer builds you mentioned, as long as you're truly just getting reimbursed for parts costs without making a profit, that shouldn't be taxable income. I think I'm going to start keeping better records of my Zelle transactions just in case - maybe screenshots of the transaction descriptions or quick notes about what each payment was for. That way if I ever do get a 1099-K or have questions from the IRS, I can easily show that these were legitimate personal transfers and not unreported business income.

Don't forget about state tax implications too! Federal and state treatment of involuntary conversions don't always align. I'm in California and had to pay state tax on gains that were deferred for federal purposes because CA has slightly different rules.

I went through something very similar after a warehouse fire destroyed my manufacturing business. One thing that really helped me was getting a formal letter from my insurance company breaking down exactly what portion of the settlement was for physical property versus business interruption. Even though my original claim paperwork had this information, having it in a separate letter specifically for tax purposes made the audit process much smoother. The IRS agent could immediately see the clear distinction between the $180k for destroyed equipment (which qualified for deferral when I bought replacement machinery) and the $95k for lost income (which I had to report as taxable income). Also, keep detailed records of when you reinvested the money. The timing requirements for involuntary conversion are strict - you generally have until the end of the second tax year after the year you realized the gain to purchase replacement property. Since you bought your new business 8 months after receiving the payout, you should be well within the deadline, but document those dates clearly for your tax preparer.

Did you claim any tax credits like the Earned Income Credit or Child Tax Credit? According to IRS Publication 17, certain credits can trigger additional verification processes that extend processing time significantly beyond the standard 21-day window.

Federal and state processing are completely independent systems, so this is totally normal! I filed around the same time and got my state refund about 2 weeks ago but still waiting on federal. The IRS is dealing with a much larger volume of returns nationwide compared to individual state tax agencies. Since you're 1099, your return likely requires additional review for self-employment income verification, which can add several weeks to processing time. I wouldn't worry unless you hit the 8-week mark from your acceptance date. The "Where's My Refund" tool should update once it moves through their queue.