WARNING: The IRS is Cracking Down on Expats – Are You Prepared for the New Crypto Tax Regulations?

WARNING: The IRS is Cracking Down on Expats – Are You Prepared for the New Crypto Tax Regulations?

As the world becomes increasingly digital, cryptocurrency has emerged as a popular investment option for expats. However, the IRS has taken notice, and new regulations are being enforced to ensure expats are reporting their crypto gains accurately. The New Regulations: What Expats Need to Know The IRS has introduced new forms and reporting requirements for…

Corporate Transparency Act: What US Business Owners Need to Know

Corporate Transparency Act: What US Business Owners Need to Know

With the Corporate Transparency Act (CTA) in full effect, US business owners face new compliance obligations designed to enhance financial transparency and combat illegal activities like money laundering. A key provision of the CTA is the requirement to file a Beneficial Ownership Information Report (BOIR) by January 1, 2025. Understanding what this means for your…