A quarterly magazine from the National Association of Enrolled Agents
Winter 2025 vol.43 no.4
A Bipartisan Blueprint for Smarter Tax Administration
Capitol Corner

A Bipartisan Blueprint for Smarter Tax Administration

If you have ever been stuck on hold with the Internal Revenue Service (IRS), struggled to find a clear answer for a client living abroad, or felt the frustration of watching unqualified preparers put taxpayers at risk, you are not alone. And thankfully, so... Michelle McCaughey

Summer 2025, Capitol Corner, advocacy, FBAR, Foreign Bank Account Reporting, Taxpayer Assistance and Service Act, Office of the Taxpayer Advocate
Staying Afloat in the Rising Tide of Foreign Bank Account Reporting
Feature Article

Staying Afloat in the Rising Tide of Foreign Bank Account Reporting

In recent years, the Internal Revenue Service (IRS) has intensified its enforcement efforts targeting noncompliance with foreign bank account reporting (FBAR)i requirements. This heightened focus has resulted in a significant increase in the ... Chelsea Rustek, EA

Spring 2025, Feature Article, Financial Crimes Enforcement Network, FinCEN, Foreign Account Tax Compliance Act, FATCA, Form 1040, PATRIOT Act, Bank Secrecy Act, Foreign Bank Account Reporting, FinCEN Form 114, Schedule B, IRS Publication 5569, BSA E-Filing System
FBARS, Treaties, and Tax—Oh My!
Editor's Message

FBARS, Treaties, and Tax—Oh My!

As tax professionals, we often focus on familiar territory, honing in on our areas of expertise. However, clients may occasionally present us with unfamiliar, complex issues, particularly in the realm of international tax. Given the significant penalties for noncomplianc... Tynisa (Ty) Gaines, EA (She/Her)

Spring 2025, Editor's Message, s corporation, FBAR, international, practice management, Foreign Bank Account Reporting, Federal Trade Commission, FTC, transfer pricing, mixed-status