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Evolving FBAR Enforcement: Are International Efforts Keeping Pace with Modern Offshore Concealment Techniques?
Introduction The Report of Foreign Bank and Financial Accounts (“FBAR”) requirement, mandated under 31 U.S.C.…

Russian Pensions, FBAR Reporting, and the Suspension of the U.S.–Russia Tax Treaty
Introduction The U.S. government’s suspension of the U.S.–Russia Income Tax Convention, effective 2024, has created…

How Dual Citizens Can Stay Compliant: FATCA Checklist & Form 8938 Requirements
When you live outside the U.S., life already feels full enough, with family, work, and…

FBAR Filing Requirements Explained for Foreign Bank Account Reporting
Latest Facts & News Foreign account reporting never starts with a form. It starts with…

Partial Pay Installment Agreement: IRS Guide & FAQs
Latest Facts and News Paying taxes can be hard, especially when the IRS keeps trying…

The Corporate Transparency Act: Where Things Stand in 2025
Introduction The Corporate Transparency Act (CTA), enacted as part of the National Defense Authorization Act…

The Hazards of Using a FBAR Quiet Disclosure to Report Offshore Accounts
What Is a Quiet Disclosure? An FBAR quiet disclosure occurs when a taxpayer, having previously…

What Will Trigger an IRS Audit? Your Guide to IRS Audit Triggers
Latest Facts & News Hook Getting audited by the IRS can come as a surprise,…

What are the Penalties for Not Filing an FBAR?
Latest Facts & News Missing or ignoring FBAR filing rules can now lead to some…