FBAR can seem like a simple report, but this apparent simplicity can be deceitful as there are still “traps” for the unwary. FBAR noncompliance can lead to harsh consequences such as stiff penalties. This blog article discusses some of the finer points of FBAR reporting that can be easily overlooked.

For families living or working across borders, a medical emergency, sudden accidents, or adverse immigration actions aren’t just disruptive - it could leave their children in legal limbo. Standby guardianship can be an effective tool to protect minor children against chaos.

Tax reform from 2017 has added strict limitations on the tax deductibility of entertainment expenses. With the summer approaching fast, let’s review the rules of deductible entertainment expenses to ensure your business client outings get a clean hit with the IRS.

17 years ago, Congress enacted a new federal tax on gifts and bequests received by a U.S. person from those who relinquished the U.S. citizenship or residency. On January 14, 2025, the IRS published the final regulations. The IRS is yet to release the new Form 708 U.S. Return of Gifts or Bequests from Covered Expatriates.

The RMD rules have significantly changed due to the passage of the SECURE Acts enacted in 2019 and 2022. Several provisions of SECURE 2.0 have become effective in 2025. If you have IRAs requiring RMDs, it is crucial to understand the changes and review your tax strategies and estate planning.

Did you change your marital status recently? Here are a few thing the IRS recommends you do.

The new accounting standards are out for the U.S. financial reporting of crypto assets for entities. Are you ready? This blog article takes a quick look at what is ahead of those with crypto holdings in the entity asset components.

The Year of the Snake encourages shedding the past and embracing transformation. This article explores the importance of starting, reviewing and updating your estate plan to ensure your wishes are fulfilled and your loved ones are protected.

A tax home is critical in determining your tax obligations and implications. This blog article discusses the basic concepts and practical tips for global taxpayers in understanding a tax home.