Marriage, FBAR & FATCA Reporting: Do Non-Resident Aliens File? When it comes to U.S. taxes, international tax can be a very complicated undertaking for tax filers preparing their Form 1040 and related foreign reporting forms. Making the reporting more complex is the increasingly common situation in […]
Are Taxpayers on the Hook For Tax Preparer/Accountant Fraud? U.S. Taxpayers should be very careful when choosing their tax preparer, CPA, EA, or even tax attorney. This is because when a taxpayer hires a tax professional to assist them with filing their returns or other […]
The Art & Science of an IRS Offshore Reasonable Cause Submission When a U.S. taxpayer faces a potential offshore fine or penalty from the IRS, they may have various options available to them to minimize or avoid penalties. One of the most common mechanisms the […]
Everything About IRS Foreign Information Tax Return Penalties Each year, millions of U.S. taxpayers worldwide are required to report their foreign accounts, assets, and investments to the IRS and the U.S. government on various international information reporting or ‘foreign information’ IRS returns. There are many […]