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Mel Whitney
EA
Articles
FBAR penalties in 2026: amounts, violations, and when they are reduced
In 2026 a non-willful FBAR violation can cost up to $16,536 per annual report, and a willful violation up to the greater of $165,353 or 50% of the account balance. Criminal penalties apply only in the most serious cases....
Amending an FBAR: How to correct FBAR mistakes and file an amended return
You can amend an FBAR at any time by filing a corrected ...
Can foreigners buy property in the US? Complete 2026 guide for non-US citizens
Foreign nationals can legally purchase homes, rental properties, and other real estate in the United States without becoming US citizens or permanent residents. Buying the property is often the straightforward part. The tax consequences – particularly FIRPTA withholding, US rental-income tax, Form 1040-NR reporting, and federal estate tax &...