You may already know there will be a problem. There were a number of issues this year that will naturally lead to many individual tax returns being much more complex than usual. Unfortunately, that complexity can bring on an IRS audit. Here are several potential...
Month: October 2021
Your FBAR obligations when you purchase or sell real estate abroad
Purchases of real estate abroad used to be a relatively uncommon occurrence -- but the prospect of owning foreign real estate has grown in popularity over the past few decades. Nowadays, many individuals own second homes or vacation rentals abroad. This increase in...