Mel Whitney
Articles
Form 3520 late filing penalty relief: abatement, reasonable cause, and what to do next
Quick answer Form 3520 late filing penalties can be severe – up to 25% of an unreported foreign gift or bequest, or up to 35% of unreported foreign trust transactions. ...
Form 1065 and Schedule K-1: instructions, codes, due dates, and filing basics
Form 1065 is the annual informational return a partnership files with the IRS to report its total income, deductions, gains, losses, and credits. Schedule K-1 (Form 1065) is the partner-level stateme...
TN visa taxes: Complete guide for Canadian and Mexican professionals
TN visa holders – Canadian and Mexican professionals admitted under USMCA – owe US federal income tax on US-source wages from the first day of US work. Tax residency, determined under the 183-day Substantial Presence Test in IRC § 7701(b), dictates the return: Form 1040 for resident aliens reporting worldwide income, or Form 1040...
Foreign Housing Exclusion for US expats: Rules, limits, and how to claim
The foreign housing exclusion and deduction are available to qualifying US citizens and resident aliens with a foreign tax home and foreign earned income. US citizens can qualify under either the bona fide residence test or t...
Form 8833 treaty-based return position disclosure for expats: what it is and who must file
Form 8833 is the...
IRS Form 14654 instructions for SDOP filing: How to certify non-willfulness under the domestic streamlined procedures
In 2014, the IRS changed the course of offshore compliance by launching the Streamlined Domestic Offshore Procedures – a relief path for US residents who had unknowingly failed to report foreign income and accounts...