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The IRS can certify tax debts above $62,000 to the State Department, which can deny or revoke your passport. Here is how the rule works and how to fix it.
Yes, almost always. Reporting is not the same as paying tax. Here is what triggers Form 3520 reporting and what happens if you miss the
No, you do not pay U.S. income tax on receiving a foreign inheritance. But you almost always have to report it. Here is how the
Inheriting a foreign account triggers FBAR, Form 3520, and Form 8938 obligations all at once. Here is how to handle each one before the IRS
Yes. FBAR is an information return, not a tax return. No income does not mean no reporting. Here is how to handle the dormant account
Quiet disclosure looks like the easy path. In nearly every case, it is the wrong one. Here is the decision framework that protects you instead.
Yes, technically. But the cases that result in prison time share specific characteristics. Here is what actually drives FBAR criminal prosecution.