Is the Defending American Jobs and Investment Act in effect for 2026?
I keep seeing references to the Defending American Jobs and Investment Act (H.R. 591). Is it law? Does it affect my withholding for 2026?
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Is the foreign-related-party BEAT bill in effect for 2026?
I saw H.R. 1911 mentioned — a bill to change BEAT treatment for sufficiently-taxed foreign payments. Is it law for 2026?
Did the One Big Beautiful Bill Act actually become law before tax year 2026?
I keep seeing references to OBBBA / H.R. 1. Is it law, or still pending? Does it affect tax year 2026 planning?
What are the penalties for not filing a Beneficial Ownership Information report?
I read that the Corporate Transparency Act requires my foreign-owned LLC to file a Beneficial Ownership Information (BOI) report with FinCEN. What happens if I miss the deadline? I heard there is a $5...
If I should have filed Form 8938 but didn't, does that keep my tax year open too?
My LLC may have crossed into being a specified domestic entity, and I think I should have filed Form 8938 with the return but didn't. Separate from the $10,000 penalty, does leaving Form 8938 off the ...
Our joint return showed tax due, not hidden income. Can equitable relief still help if my spouse promised to pay and never did?
I am from South Korea and filed jointly with my spouse when we were still operating a U.S. services business together. The return itself was not inaccurate, but it showed about $41,000 due. My spouse ...
We are not divorced yet, but we have lived apart for more than a year. Does that satisfy the separation-of-liability rule?
I am a Canadian founder and my spouse and I have been living in different homes since last spring. We are still legally married, but the relationship is over and we have separate finances. The IRS iss...
Did OBBBA raise the estate and gift tax exclusion amount for 2026?
I'm planning around U.S. estate exposure. Did OBBBA change the basic exclusion amount, and what's the 2026 number?
Our closing agent used a FIRPTA exception certification but never sent the required copy to the IRS. Does that break the exception?
The transaction relied on an exception to withholding and everyone was relieved to avoid moving a large amount of cash at closing. Only afterward did we learn that the regulations may have required th...
How much underpayment interest does the IRS charge a foreign-owned LLC that paid corporate tax late in 2026?
My foreign-owned Delaware C-corp underpaid its 2025 estimated tax and now owes a balance after filing the 1120. The IRS notice mentions interest in addition to the penalty. I want to understand the ra...
After Bittner, is the non-willful FBAR penalty once per year or per account?
I had four foreign accounts under my LLC and missed FBARs for two years. Before, I read the penalty could be per account, which terrified me. Did the Bittner decision change that? If I had four accoun...
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