Contents1 Do You Have Foreign Accounts or Assets: 2025 FBAR Review2 Do You Have Foreign Accounts or Assets?3 What Other Types of Foreign Investments Does the Taxpayer Have?4 What is the Maximum Value of the Foreign Accounts and Assets?5 Which Forms Does the Taxpayer Have to […]
Contents1 Crucial IRS Foreign Information Returns for U.S. Tax Filers 2 Are You a U.S. Person for Tax Purposes or Not?3 FBAR (FinCEN Form 114)4 *6013(g) Election and the FBAR5 Form 8938 (FATCA)6 Form 3520/3520-A7 Form 8621 (PFIC)8 Form 54719 Late Filing Penalties May be Reduced or […]
Contents1 Overview of New Immigrant U.S. Tax Rules 2 Worldwide Income Taxation3 Foreign Bank Account Reporting (FBAR)4 Form 8938 (FATCA)5 Form 3520 Gift6 The Tip of the Iceberg7 Late Filing Penalties May be Reduced or Avoided8 Current Year vs. Prior Year Non-Compliance 9 Avoid False Offshore […]
Contents1 How to Avoid Foreign Gift & Inheritance Penalty Traps2 Know the Nuances of Foreign Gift Reporting3 No Tax Return Required (Nuance 1)4 Combined Gifts (Nuance 2)5 The Gift Does Not Have to Be in the U.S. (Nuance 3)6 File Form 3520 Timely and the […]