Virginia La Torre Jeker, a highly recognized U.S. international tax professional, has been a member of the New York State Bar since 1984 and is admitted to practice before the U.S. Tax Court. Living in Asia and the Middle East for almost 40 years she has a unique exposure to U.S.
New Trump Account Gift Tax Rules Ease Domestic Burdens, Complicate Foreign Ones
The IRS clarifies gift tax rules for Trump Account contributions, creating a safe harbor for donors while foreign contributors still face cross‑border tax questions.
IRS Kwong Portal Is Open: July 10 Deadline Nears
IRS opens Kwong portal for electronic Form 843 claims as key refund deadlines approach. Taxpayers should review filing and payment dates before July 10.
IRS Quietly Ends Penalty-Free FBAR Filing Procedure: What’s Next?
IRS eliminated the Delinquent FBAR Submission Procedures, that previously allowed taxpayers to file late FBARs without penalty. IRS narrows amnesty for offshore issues.
Trump Accounts Are The ‘Dirty Little Secret’ Of U.S. Retirement Policy
Trump Accounts could influence future retirement policy in the face of Social Security pressures. Trump Accounts appear to exclude many Americans abroad.
Preparer Fraud: Supreme Court Leaves Taxpayers With Endless IRS Audits
The Supreme Court refuses to resolve whether innocent taxpayers can face unlimited IRS audit when return preparer commits fraud. What if taxpayer files amended return?
Sirius Decision Reshapes Self Employment Tax Risks For Americans In Foreign Partnerships
Sirius shifts self employment tax rules and raises new questions for U.S. taxpayers with interests in foreign partnerships and limited partner‑like entities.
Trump’s Push For Green Card Processing Abroad: Unexpected Tax Benefit?
The new USCIS policy PM-602-0199 pushing green card processing overseas could postpone U.S. tax residency, worldwide taxation and foreign asset reporting for some.
Trump Order Reshapes Banking Rules Tied To Immigration Status
Trump’s new order stops short of citizenship checks but expands bank scrutiny tied to immigration, employment authorization and cross‑border financial risk.
American Abroad Beware: Forced Heirship Laws Can Undo Your Estate Plan
Americans abroad may face forced heirship rules that override wills, complicate estate planning and affect U.S. tax outcomes in cross-border inheritances.
Got A Foreign Wedding Gift? Tell The IRS Or Face A 25% Penalty
Late-filed Form 3520 foreign gift disclosures can trigger massive IRS penalties even though no tax is owed. Zhang gives IRS a big win, such penalties are "assessable."