Foreign Trust Reporting Penalties: Is It 5% or 35%?

November 3, 2021

The Internal Revenue Code requires US owners of a foreign trust to ensure it files an annual..

Ready to Defend Your Claim For The Foreign Earned Income Exclusion?

October 28, 2021

Sometimes the Internal Revenue Service (IRS) will challenge a taxpayer’s claim to the foreign..

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..

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