FBAR (Foreign Bank Account Report), officially FinCEN Form 114, isn’t just for individuals. U.S. entities—including trusts, corporations, partnerships, and limited…
U.S. taxpayers with foreign financial assets may face two separate reporting requirements: the FBAR (FinCEN Form 114) and IRS Form…
If you have foreign financial accounts that meet the reporting threshold, filing the FBAR (Foreign Bank Account Report) is a…
The Foreign Bank Account Report, commonly known as FBAR, is a crucial filing requirement for U.S. persons who hold or…
If you earn income that isn’t subject to withholding—such as self-employment, freelancing, rental income, or interest—you may need to make…
If you or your dependent are enrolled in post-secondary education, you may qualify for valuable education tax credits. Two of…
The Earned Income Tax Credit (EITC) is one of the most valuable tax benefits available to working individuals and families…
Each state sets its own rules for standard deductions and itemized deductions on state returns. Many states “conform” to the…
Many U.S. persons living abroad or holding a green card are unaware of their obligations to report foreign financial accounts…
Owning a second home or vacation property can come with significant tax benefits—if you understand the IRS rules. In 2025,…
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