Articles

IRS Streamlined Foreign Offshore Procedures (SFOP): a comprehensive guide for expats

The Internal Revenue Service introduced the streamlined foreign offshore procedures&...

IRS Notice 2025-72: What the end of the one-month deferral rule means for foreign companies

If your group has been using a one-month deferral for foreign subsidiaries, the clock just ran out. ...

FBAR vs. FATCA for US expats: Key differences, filing rules, and when you need both

FBAR and FATCA are two separate US foreign asset reporting regimes. FBAR is fi...

FBAR quiet disclosure: IRS risks, penalties, and safer options

FBAR quiet disclosure is not an official IRS compliance program. It usually me...

Capital gains tax on foreign property: US reporting, exclusions, and how to reduce tax

US citizens and resident aliens generally report ...