The IRS has clearly identified legitimate reasons why "U.S. Persons" would establish or maintain ownership in a foreign trust ...

On 1/8/25, the National Taxpayer Advocate (NTA) published its 2024 Annual Report to Congress and identified taxpayers’ ...

In contrast, foreign hedge funds, private equity funds, and purely virtual currency holdings are not universally reportable under current FBAR regulations-though FinCEN has indicated that such ...

If you have financial accounts in a foreign country and the total value of all your foreign accounts exceeds $10,000 at any time during the calendar year, you must file an FBAR (FinCEN Form 114 ...

Living and working abroad opens doors to incredible opportunities, but it also comes with unique tax responsibilities. Double ...

Confused by the FBAR, the Foreign Earned Income Exclusion or Foreign Tax Credit? MyExpatTaxes presents this guide on how to file your US taxes from abroad.

Are US Citizens Required to Report Australian Property to the IRS": Find out if US citizens must report ownership of Australian property to the IRS, and learn about the related regulations and ...