Category IRS Foreign Filings

U.S. taxpayers who have financial accounts abroad may be required to disclose these assets to the IRS by filing a Foreign Bank Account Report (FBAR).  This filing requirement extends to US citizens residing within the country as well as to…

If you are not a U.S. citizen you may be wondering whether you need to file a tax return in the United States and to what extent you are required to pay federal income tax.   Will you be required to…

U.S. taxpayers who have participated in transactions involving foreign trusts or received large sums of money from abroad may be required to inform the IRS of these activities via Form 3520.  This article explores who needs to file this form,…