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Beware: IRS Focusing in On Foreign Bank Account Reporting

October 27, 2021

Tired of hearing about Foreign Bank Account Reporting (FBAR) penalties? Think you have seen the..

Related-Party Transactions Draw Attention From Auditors

September 28, 2021

Related-party transactions and financial connections are a normal part of operating a business. But..

Best Practices for Reporting Business-Related T&E Expenses

September 21, 2021

Many companies have resumed some level of business-related travel and entertainment (T&E)..

What the House’s Newly Released Tax Plans Could Mean for US Expats

September 15, 2021

Early this year upon being sworn in, President Biden and his administration proposed a significant..

Changing From a Deduction to a Credit for Foreign Taxes May Open Up Statue of Limitations For Taxpayers

September 14, 2021

Everyone knows it is better to take a credit than a deduction for the same amount of expenses. But..

EU Issues Legislative Proposals on Anti-Money Laundering

September 8, 2021

In late July, the European Union (EU) unveiled an ambitious package of legislative proposals to..

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