The FBAR is an annual report that US persons must submit if they have non-US financial accounts whose combined value exceeds $10,000 in a given year. The deadline is on April 15th, but with an automatic extention to October 15th. Penalty for NOT filing: (per violation) $10,000 up to $100,000 or half the value of your account - whichever is higher.

What are the benefits of having an effective estate plan? Maintain financial privacy after your death. Specify exactly who receives what from your estate. Prevent family conflict over division of your estate. If you have significant wealth, ensure the financial security of future generations in your family. Ensure that your children are provided for in the event of an untimely death. Reduce the impact of estate taxes on your asset.

What is FATCA? We understand how stressful and frustrating it can be to deal with complex tax reporting obligations like the FATCA(肥咖) and FBAR(肥爸), and we’re here to help.

Incorrect filing status and claiming improper dependents on your US tax returns affect how much tax you owe or refund.

Top Mistakes to Avoid When Filing US Taxes such as filing too late, late payment, incorrect information, or calculation errors.

If you’re seeking tax solutions with the IRS or the Taiwan tax office, you’re not alone. At Delsol CPA Firm, we have been handling...

This article will provide essential guidance and help you approach your tax season with confidence.

Gift and estate taxes are similar and closely related but distinct areas of the US tax code. Typically, only individuals with significant...

Understanding US gift and estate tax is crucial for US citizens or residents who wish to manage their finances effectively and plan for...