International Tax Insights
Practical guidance on CFC compliance, foreign gift reporting, treaty withholding, and the IRC sections that matter most in international tax practice.
Form 5471 Filing Requirements: Who Must File and When
Learn who must file Form 5471, the five categories of filers, key deadlines, and penalties for non-compliance. A complete guide for U.S. persons with interests in foreign corporations.
FBAR vs. Form 8938: What's the Difference?
Both FBAR and Form 8938 require U.S. persons to report foreign financial accounts and assets — but they are different requirements with different thresholds, penalties, and filing rules. Here's everything you need to know.
Form 3520 Penalties: What Happens If You Miss the Foreign Gift Reporting Deadline
A foreign gift from a parent, relative, or foreign estate can trigger a $25,000+ penalty if Form 3520 is not filed. Here is what practitioners need to know about §6039F reporting and penalty exposure.
What Is GILTI/NCTI? A Plain English Guide for CPAs and Business Owners
GILTI — now renamed Net CFC Tested Income (NCTI) for 2026 — is one of the most significant international tax provisions U.S. CFC shareholders face. This plain English guide explains how it works, how it's calculated, and how to minimize it.
PFIC Reporting: Form 8621 Requirements Explained
Do you own shares in a foreign mutual fund or foreign investment company? You may have a Passive Foreign Investment Company (PFIC). Learn Form 8621 filing requirements, the three tax regimes, and how to minimize PFIC tax.
W-8 Forms Explained: Which One Do You Need and How to Fill It Out
A plain-English guide to W-8BEN, W-8BEN-E, and W-8IMY — when each applies, how to claim treaty benefits in Part III, FATCA entity classification, and the most common mistakes that trigger backup withholding.