FBAR vs 8938: Comparing Two Important Filing Requirements

Woman holds two pieces of a jigsaw puzzle together, representing how FBAR vs 8938 apply to US expat taxes.

Two of the most common additional US tax forms expats have to file are the FBAR and Form 8938 — but what is the difference between FBAR vs. 8938?  While foreign assets are reported on both of these forms, they differ in terms of asset type and reporting thresholds. It’s important to understand the differences […]

Selling Gifted Property vs. Selling Inherited Property: A Tax Guide

selling gifted property vs selling inherited property

Selling inherited property or selling a gifted property? Both have significant tax implications, making it important to gather information before you make any formal commitments. The exact way the federal government taxes property sales depends on individual circumstances. Factors like your country of residence, how you came to own the property, and how long you’ve […]