Tax Law Center Blog

Winners and Losers in the “One Big Beautiful Bill Act”: A Tax Lawyer’s Perspective

The “One Big Beautiful Bill Act,” the latest legislative achievement of the current Trump administration, brings major changes to the tax code and broader economic policy. Its impact spans a wide range of industries and

Primer on Form 8938: Statement of Specified Foreign Financial Assets

The IRS places heavy emphasis on Form 8938, the Statement of Specified Foreign Financial Assets mandated by FATCA, and noncompliance can lead to harsh penalties and extended audit exposure. This form is required when U.S. taxpayers