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

A new court case now allows the IRS to immediately collect $10,000 penalties from U.S. owners of foreign corporations who fail to file Form 5471. For taxpayers with foreign corporations, the IRS just ...

The couple got married in June 2022 and welcomed their first baby in October 2024 Tommy McArdle is a writer-reporter on the Movies team at PEOPLE. Tommy joined PEOPLE in 2022. Julie Jordan is an ...

On December 15, 2025, Ukraine launched 5,471 kamikaze drones, conducting 151 combat engagements and 4,103 artillery strikes in a single day, showcasing a new era of fast, drone-dominated warfare.

Globalization has created extraordinary opportunities for U.S. taxpayers and multinational businesses. Yet, it has also placed U.S. accountants at the center of a fast-moving regulatory environment.

Form ramps up production of its cheap batteries for long-term storage that aim to make renewable energy more viable. Form Energy is out to make long-term storage of renewable energy, like solar and ...

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. Taxpayers with foreign assets often have international ...

Earlier this month, the U.S. Court of Appeals for the District of Columbia Circuit issued a decision in Farhy v. Commissioner, No. 23-1179 (May 3, 2024), reversing the Tax Court’s decision that held ...

IRVINE, Calif., Dec. 21, 2023 /PRNewswire/ -- Filing errors in international transactions can inadvertently lead to accusations of tax evasion, especially when reporting obligations are not met ...

In April of this year, the Tax Court ruled in favor of the taxpayer in Farhy v. Commissioner (160 TC No. 6, Dec. 62,191 (2023)), that the Internal Revenue Service did not have the authority under the ...