Do You Have Foreign Accounts or Assets: 2025 FBAR Review U.S. Taxpayers who have foreign accounts, assets, and investments may have several international reporting forms to file each year in addition to filing their IRS Form 1040. While there are many different international reporting forms that […]
Crucial IRS Foreign Information Returns for U.S. Tax Filers U.S. taxpayers who have foreign accounts, assets, investments, income, etc., may be required to file several IRS foreign information returns each year to disclose their offshore account and asset information to the IRS and FinCEN. There are […]
Overview of New Immigrant U.S. Tax Rules When foreigners first move to the United States or otherwise become U.S. persons for tax purposes, learning how to file their U.S. tax returns is not usually their main concern – especially since filing taxes in most foreign […]
How to Avoid Foreign Gift & Inheritance Penalty Traps While there are many different types of international information reporting penalties that the IRS can assess against taxpayers, the foreign gift penalty for failing to report Form 3520 promptly is one of the most commonly issued foreign […]