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TAX BLOG
Unreported Foreign Accounts? How the IRS Streamlined Filing Compliance Procedures Work for Non-Willful Taxpayers (2026)
A Caplin & Drysdale article in Forbes calls tax filing season a stress test for global wealth. For U.S. persons with unreported foreign accounts, trusts, or companies, the cure is the IRS Streamlined Filing Compliance Procedures.
Argentina Citizenship by Investment (US$350,000): How It Works and What It Means for U.S. Taxpayers
Argentina has announced citizenship by investment from US$350,000, but its legal basis is before the Supreme Court. What the program means for a U.S. person, and what it does not change on a U.S. tax return.
Turkey Citizenship by Investment ($400,000): U.S. Tax Implications for Americans
Turkish citizenship by investment starts at US$400,000, and Türkiye now offers a 20-year tax exemption. Here is what both mean on a U.S. tax return.
Nevis Asset Protection Trusts: Takeaways from the 2026 Nevis Asset Protection Conference
Milan Solarz-Patel and Amy Solarz-Patel from Auric Private Client Advisory LLC will be attending the Asset Protection Conference at the Four Seasons Resort Nevis on October 10, 2026.
New IRS Guidance on Form 5472 for Foreign-Owned U.S. LLCs (2026): What Changed
Who must file Form 5472, how and when, the $25,000 penalty, and the new IRS Chief Counsel Advice on penalty relief for small foreign-owned U.S. LLCs.
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