Mel Whitney
Articles
How to file late FBARs in 2026: Delinquent FBAR submission procedures guidance
Delinquent FBAR Submission Procedures (DFSP) allow US taxpayers to file overdue foreign account reports without maximum penalties. If you missed FBAR deadlines for accounts exceeding $10,000 aggregate, DFSP provides a compliance path with typically $0 penalties if you have reasonable cause. ...
FinCEN Form 114 requirements: Who must file and what to report
FBAR (FinCEN Form 114) is the Report of Foreign Bank and Financial Accounts – and it’s filed separately from your federal income tax return through FinCEN’s BSA E-Filing system, not with the...
Capital gains tax on foreign property: How to report and exclusions you can use (2026)
US tax rules follow you no matter where you live. When you sell a home or land in another country, the IRS still wants you to report the profit. In simple words, you figure out how much money you made, convert the numbers into US dollars, and then apply the tax breaks that fit. If you sold in 2025 vs 2026: The year you ...
IRS Form 8938: What it is, who needs to file, and why you shouldn't ignore it
2026 filing season update: Filing your 2025 tax return? Form 8938 requirements remain unchanged for the 2025 tax year. If your specified foreign financial assets exceeded the applicable thresholds at any point in 2...
FBAR quiet disclosure 2026: Risks, IRS penalties, and why Streamlined FBAR disclosure is better
Many Americans living abroad discover that several foreign bank accounts should have been reported on FinCEN Form 114, with FBARs for the 2025 calendar year due April 15, 2026, and automatically extended to October 15, 2026, and decide to quietly file the missing forms without using an IRS compliance program – a step commonly referred to as an FB...
Form 1040-NR: A comprehensive guide for nonresident aliens
If you're earning income in the US but aren't a tax resident, you'll need to deal with Form 1040-NR. The form can feel like a maze of regulations and unfamiliar terms, but understanding it is necessary for staying compliant. This guide breaks down how Form 1040-NR works, so you can handle your tax obligations accurately and avoid unnece...