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There is no doubt in my mind that the Streamlined Domestic Offshore Procedures will continue to be the flagship offshore voluntary disclosure option in 2025 for US taxpayers who are not eligible for Streamlined Foreign Offshore Procedures. This is why noncompliant US taxpayers should understand well the main advantages and disadvantages of participating in the […]
If you reside in Birmingham, Alabama, and you are a beneficiary or an owner (by operation of US international tax law) of a foreign trust, you need the help of a Birmingham Foreign Trust Attorney to properly comply with your US international tax obligations. You should consider retaining Sherayzen Law Office as your Birmingham Foreign […]
US taxpayers must file Form 8938 with their US tax returns if they hold foreign financial assets with an aggregate value exceeding a relevant balance threshold. This article discusses the 2025 Form 8938 threshold limits. 2025 Form 8938 Threshold: Form 8938 Background Form 8938 burst into the US international compliance scene in 2011 as a […]
If you reside in Birmingham, Alabama and have unreported foreign bank and financial accounts, you may be looking for a Birmingham FBAR Attorney. Sherayzen Law Office, Ltd. is a leader in FBAR compliance, including offshore voluntary disclosures concerning delinquent FBARs, and you should consider us in your search. Let’s understand why this is the case. Birmingham FBAR Attorney: International […]
On December 19, 2024, the IRS updated the optional standard mileage for the calculation of deductible costs of operating an automobile (sedans, vans, pickups and panel trucks) for business, charitable, medical or moving purposes. Let’s discuss in more detail these new 2025 IRS Standard Mileage Rates. 2025 IRS Standard Mileage Rates for Business Usage For the tax […]