2. Expat Taxes – Americans Abroad

Infografía en español sobre los IRS Streamlined Filing Compliance Procedures (SFCP), destacando conceptos erróneos comunes, hechos poco conocidos, diferencias Domestic Offshore vs. Foreign Offshore y la penalidad del 5%

preguntas 2025 IRS streamlined filing compliance procedures

Guía completa en español sobre los IRS Streamlined Filing Compliance Procedures (SFCP). Descubre conceptos erróneos comunes, hechos poco conocidos, diferencias entre Domestic Offshore vs. Foreign Offshore, y cómo manejar la penalidad del 5% con los formularios oficiales del IRS.

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Infographic on IRS Streamlined Filing Compliance Procedures. Sections highlight common misconceptions, little-known facts, and domestic vs. foreign distinctions, with FAQ emphasis

2025 FAQ – IRS Streamlined Filing Compliance Procedures

Confused about the IRS Streamlined Filing Compliance Procedures? This in-depth FAQ, written by a CPA-Attorney with 20 years of experience, clears up common misconceptions, reveals little-known facts, and explains exactly how domestic and foreign versions differ. Backed by official IRS sources, it’s your roadmap to fixing past offshore reporting issues without unnecessary penalties.

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Infographic of a checklist and IRS calculator illustrating an audit on the Foreign Earned Income Exclusion (FEIE), highlighting what expats should expect, documents required, and preparation strategies.

IRS audit of the foreign earned income exclusion: 2025 guide

What to Expect, How to Prepare, and How to Win A professional guide from a CPA with 20 years of expat audit experience Being selected for an IRS examination is never fun. When the item under the microscope is your Foreign Earned Income Exclusion (FEIE) and (possibly) the foreign housing exclusion/deduction, the scrutiny tends to

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IRS Form 5471 — The Entrepreneur’s Master FAQ & Owner’s Guide (2025 Edition)

Founder-friendly, no-fluff explainer of IRS Form 5471: who files, the five categories, per se corporations, key schedules, GILTI/Subpart F, PTEP, penalties, and step-by-step workflow. I’m a CPA specializing in international tax and IRS representation since 2009, with thousands of expat representations and Forms 5471 prepared. Message me with questions.

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Understanding Foreign Bank Account Reporting and the Implications of PFIC Risks and CFC Reporting

Introduction to Foreign Bank Account Reporting (FBAR) Foreign Bank Account Reporting (FBAR) is a crucial aspect of U.S. tax compliance for individuals who hold financial accounts outside the United States. Mandated by the Financial Crimes Enforcement Network (FinCEN), FBAR requires U.S. taxpayers to report their foreign bank accounts when the aggregate value exceeds a specific

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Understanding the Consequences of Unreported Foreign Income and Assets: From Penalties to Imprisonment

The Importance of Reporting Foreign Income and Assets In an increasingly interconnected world, the importance of reporting foreign income and assets cannot be overstated. Taxpayers have a legal obligation to disclose all sources of income, including those from overseas. This requirement is particularly emphasized in jurisdictions such as the United States, where compliance with tax

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The IRS Streamlined Filing Compliance Procedure: A Clean Slate Opportunity

Introduction to the IRS Streamlined Filing Compliance Procedure The IRS Streamlined Filing Compliance Procedure is a specialized program designed to assist U.S. taxpayers living abroad or those who may have unintentionally failed to meet their tax obligations. Introduced to address the challenges many expatriates face regarding U.S. tax compliance, this procedure aims to provide a

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