Discover the key aspects of filing the Report of Foreign Financial Assets (Form 8938). Learn the requirements, asset types, and noncompliance penalties.

Simon Misiewicz leads Optimise Accountants Ltd, a specialist tax practice supporting accountants,... Cross-border advisory between the United States and the United Kingdom continues to produce ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. IRS new Form 708 enforces a 40% transfer tax on U.S. recipients ...

The IRS has an interest in U.S. taxpayer transactions overseas. Therefore, it is no surprise that Congress has enacted numerous federal tax reporting laws that require individuals to prepare and file ...