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Articles & tax guides
View all →FBAR quiet disclosure is not an official IRS compliance program. It usually ...
As of 2026, the ...
If a green card holder stopped filing US taxes, the problem usually is not limited to one late Form 1040. You may also need to catch up on foreign account reporting, such as FBARs and Form 8938, for the 2025 tax year and...
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. ...
The Foreign Investment in Real Property Tax Act, FIRPTA, is part of US tax law that can require withholding when a foreign person sells US real estate. In a typical sale, the buyer has the immediate filing duty, not the seller. That is why buyers, closing teams, and foreign owners all need the rules right before funds move at closing.</...
The 121 home sale exclusion allows you to exclude up to $250,000 of capital gain – or $500,000 if married filing jointly – when you sell your principal residence. The exclusion is permanent: unlike a deferral, the excluded gain is never taxed. To qualify, you must have owned and used the home as your primary residence for at least two...
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