Tax Blog
Contents1 Reviewing Your Foreign Accounts: Late Filing Before Penalties2 Do You Have Foreign Accounts or Assets?3 What Other Types of […]
Contents1 Overview of New Immigrant U.S. Tax Rules 2 Worldwide Income Taxation3 Foreign Bank Account Reporting (FBAR)4 Form 8938 (FATCA)5 Form […]
Contents1 Explaining How IRS Offshore Disclosures Work 2 Late Filing Procedures for Offshore Reporting3 Voluntary Disclosure (VDP/OVDP)4 Streamlined Procedures (SFCP/SDOP/SFOP)5 IRS […]
Contents1 Beware of ‘Emergency Tax Service’ Sales Pitches, Protect Yourself2 FBAR and Foreign Account Reporting3 IRS Audits and Investigations4 Criminal […]
Contents1 How to Avoid the Foreign Gift Penalty Trap in 2025/20262 Know the Nuances of Foreign Gift Reporting3 No Tax […]
Contents1 A Comprehensive Guide to IRS Civil Penalties Explained2 FBAR (FinCEN Form 114)3 Form 8938 (FATCA)4 Form 3520 Gift or […]
Contents1 If You Check ‘No’ on Schedule B, Can You Still File Streamlined?2 IRS Streamlined Procedures FAQ for Schedule B3 […]
Contents1 Top 5 Questions to Ask Your Tax Attorney Before Retaining2 First, Do They Fear-Monger (Threats of Jail or Prosecution)?3 […]
Contents1 PFICs are Expensive US Tax Traps for Foreign Investments2 Example 1: Becoming a US Person with Foreign Funds3 Example […]
Contents1 For U.S. Expats Under IRS Special Agent Criminal Investigation2 IRS Special Agents Signal a Potential Criminal Investigation3 Do Not […]
Contents1 IRS Foreign Asset & Account Disclosure Rules You Must Know2 Foreign Bank Accounts3 Foreign Stock Accounts and Individually Held […]
Contents1 Understanding Australian Superannuation2 Is Your Australian Super Treated as U.S. Social Security?3 How are Employer Contributions Taxed?4 Are Voluntary […]
Contents1 Accidental Americans May Avoid Taxes and IRS Penalties 2 CBT (Citizenship-Based Taxation)3 Annual Tax Filings4 FBAR, FATCA, and More […]
Contents1 Hidden Dangers When Transferring Your Assets Offshore2 Your Foreign Income is Still Taxable in the U.S.3 Your U.S. Tax […]
Contents1 Offshore Accounts Disclosure, What Taxpayers Should Know2 Are You Willful?3 IRS Voluntary Disclosure is Not for Non-Willful Taxpayers4 Late […]
Contents1 How to Navigate Common IRS Form 8938 Tax Audit Triggers2 First, What is FATCA?3 Form 8938 is Not the […]
Contents1 How to Avoid Frequent IRS Form 8938 Mistakes 2 First, What is IRS Form 8938?3 Form 8938 Filing Errors4 5 […]
Contents1 An Update for Expats with Form 3520 Penalty Concerns2 No Formal Changes to Form 3520 Enforcement Yet3 The IRS […]
Contents1 Will Simply Closing a Foreign Bank Account Avoid IRS Fines?2 FATCA Banks/Brokerages May Have Already Reported You3 Reverse Eggshell […]
Contents1 Are Your Foreign Assets Putting You at Risk for an IRS Audit?2 Did You Get Bad Legal Advice?3 Are […]
Contents1 What is IRS Form 8938, Who Must File & Report Foreign Assets 2 When is Form 8938 Required?3 Taxpayers […]
Contents1 Why Missed Foreign Information Returns Put Expats at Risk2 26 USC 6501(c)(8) Statute of Limitations3 Section 6501(c)(8)4 Key International […]
Contents1 When Do Expats Have to Disclose Foreign Assets?2 Foreign Bank Accounts3 Foreign Stock Accounts and Individually Held Stock4 Foreign […]
Contents1 Form 3520 Penalty Explained2 First, a Gift vs Loan3 Individual Large Foreign Gift Example4 Entity Large Foreign Gift Example5 […]
Contents1 Do Golden Visa Holders Pay U.S. Taxes and Report Assets?2 First, What is a Golden Visa?3 U.S. Tax on […]
Contents1 How Going Overseas Can Increase Your U.S. Tax Liabilities2 Case Study: Devin the American Who Wants to Reduce His […]
Contents1 Time to Bid Adieu to U.S. Citizenship?2 Timing Your Renunciation is Important: Taxes Before Immigration3 Does the Taxpayer Have […]
Contents1 What is U.S. Exit Tax?2 First, Net Worth vs Exit Tax3 Mark-to-Market Gains4 Eligible Deferred Compensation5 Ineligible Deferred Compensation6 […]
Contents1 What is Expatriation?2 Form 8854 is Not Only For Covered Expatriates3 IRS Form 8854 is Due When the Tax […]
Contents1 Streamlined Filing Compliance Procedures2 Non-Willfulness Requirement3 Taxpayer is Not Under Audit or Already Penalized4 Domestic Streamlined Filing Requirements5 Previously […]
Contents1 Streamlined Foreign Offshore Procedures 2 Non-Willfulness Requirement3 Taxpayer is Not Under Audit or Already Penalized4 Foreign Resident 330-Day Rule or […]
Contents1 Offshore Disclosure with Expatriation2 Covered Expatriate Status3 Post-Expatriate Tax Audit4 U.S./Foreign Assets May be Subject to Levy/Lien5 401K Withholding6 […]
Contents1 How to Report Foreign Bank Accounts 2 FBAR (FinCEN Form 114)3 Form 8938 (FATCA)4 Form 86215 Form 35206 Form 3520-A7 […]
Contents1 Do U.S. Taxpayers Who Become Expats Avoid U.S. Taxes?2 What is Worldwide Income Taxation?3 Treaty Election Citizens vs Residents 4 […]
Contents1 Expatriation Tax Planning for Long-Term Residents and U.S. Citizens 2 First, What is IRC Section 877A?3 Net Worth vs Exit […]
Contents1 How Expats May Avoid U.S. Tax without Evading it (Examples)2 Tax Avoidance3 Tax Evasion4 Late-Filing Disclosure Options5 Streamlined Filing […]
Contents1 Expatriation Tax Planning for Long-Term Residents and U.S. Citizens 2 First, What is IRC Section 877A?3 Net Worth vs Exit […]
Contents1 Expatriation Tax Planning for Long-Term Residents and U.S. Citizens 2 First, What is IRC Section 877A?3 Net Worth vs Exit […]