2025-02

Received a Gift or Inheritance from Abroad? Understanding Form 3520 Filing Requirements

If you receive over $100,000 in foreign gifts or inheritance, you may need to file Form 3520 with the IRS. Learn about the filing requirements, penalties, deadlines, and possible exemptions. Don't risk hefty fines—stay compliant!

Child Tax Credit and Credit for Other Dependents in U.S. Income Tax

Learn about the Child Tax Credit and Credit for Other Dependents in the U.S. tax system. Discover eligibility criteria, income limits, and how to maximize your tax savings. Essential tips for families, including those new to the U.S.