Mel Whitney
Articles
FBAR penalties in 2026: amounts, violations, and when they are reduced
Most late FBAR cases do not automatically lead to maximum penalties. The biggest risk factor is whether the IRS sees the failure as non-willful or willful. ...
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 ...
Foreign tax credit explained for US expats: Rules, limits, and how to claim it
The US foreign tax credit is a nonrefundable credit that can reduce your US tax when you pay qualifying foreign income taxes on foreign-source income that is also subject to US tax. It is calculated on Form 1116 for most...
FBAR filing requirements and deadlines in 2026
If you are a US citizen, green card holder, or resident alien with financial accounts outside the United States, you may need to file an FBAR – the ...
FBAR vs. Form 8938: A detailed guide to key differences and filing thresholds (2026)
If you hold money outside the US, two separate reporting rules may apply to you. ...