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Australian superannuation has U.S. tax consequences that often surprise members. Here is the classification, the PFIC issue, and the disclosure paths.
Foreign crypto exchanges do not exempt U.S. taxpayers from U.S. tax. Every swap, sale, or conversion is a taxable event regardless of where the exchange
Foreign crypto reporting spans Form 1040, FBAR, Form 8938, Form 8621, Form 5471, and others. Here is the complete form stack and how the pieces
Foreign crypto exchange accounts like Binance are FBAR-reportable when the $10,000 threshold is met. Here is the analysis and what to do if you have
Foreign crypto exchanges trigger U.S. income reporting, possible FBAR, and Form 8938 filings. Here is the full framework and how to comply with each piece.
Ignoring Form 5471 stacks penalties at $10,000 per year per corporation, extends the statute of limitations, and can trigger criminal exposure in some cases.
Most U.S. persons with foreign corporate ownership need to file Form 5471 and related forms. Here are the thresholds, the attribution rules, and the common