Form 3520: Reporting Foreign Trusts and Gifts for US Citizens
If you received transactions from foreign trusts or entities during the tax year, you may need to fi [...]
Tag: Tax Penalties
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FATCA Reporting: Filing Form 8938
Offshore accounts were once the go-to option for Americans who wanted to hide money from Uncle Sam. [...]
FBAR: Who Should File and What Happens If You Don’t
Did you just learn about FBAR filing requirements? Are you worried that you should have filed one an [...]
IRS Tax Levy: What Is It and How Can You Stop It?
An IRS tax levy can put your property and personal assets at risk. Back taxes are hard to eliminate, [...]
What Are IRS Tax Liens?
If you have IRS back taxes that go unpaid for an extended period, you may be subject to an IRS tax [...]
Getting Rid of IRS Back Taxes
If you didn’t pay your taxes on time or didn’t file a tax return, you may owe back taxes. Wi [...]
IRS Penalty Abatement
Completely erasing IRS tax penalties may sound too good to be true, but IRS penalty abatement is an [...]
Understanding IRS Tax Penalties
Tax penalties can lead to many sleepless nights for taxpayers who owe the Internal Revenue Service ( [...]
IRS Adds Crypto to Voluntary Disclosure Program
Revised guidelines create a clear pathway for those with criminal concerns regarding unreported cryp [...]