Tax Articles

This is my written testimony on the 2024 proposed regulations regarding foreign trusts, specifically as they apply to U.S. individuals who own tax-favored employer or foreign government sponsored accounts that provide pension, retirement, or other savings benefits. I also presented ...

Original article printed in Tax Notes Federal on February 10, 2025. See The Form 8938 Due Date Defect 2-10-25.  Introduction to the Form 8938 Defect This article exposes a flaw in section 6038D of Form 8938 that makes the penalties ...

Reprinted here from TaxConnections.com. It was early on a Monday morning, and I dragged myself in after a long weekend of reg. buzzing and Code section perusing. I was not looking forward to the day. I played a message on ...

General Social Security Tax Rules Most people who earn wages in the United States are required to contribute to the Social Security and Medicare programs through payroll contributions. Contributions are required regardless of a worker's residency status. A total contribution ...

Coming Clean Could Be Much Easier Than You Think Perhaps you were born and raised in the United States but left years ago to make a life in another country. You never thought about filing tax returns in the United ...