Strategies to optimize your finances

Net operating loss carryforward and carryback rules for businesses, trusts, and estates, plus the 80% NOL deduction limit and IRS forms.

Form 8865 explained: who must file, the four filer categories, controlled foreign partnership rules, and transfers to foreign partnerships.

Do you have to file Form 8858? Who reports foreign disregarded entities and foreign branches to the IRS, plus the penalties for missing it.

FBAR explained: who must file, the $10,000 filing requirement for foreign accounts, FBAR vs Form 8938, and how to file FinCEN Form 114 on time.

Do you have to file Schedule K-2 and K-3? How the domestic filing exception, partner notification, and the 1-month date work for partnerships.

Beneficial ownership information (BOI) reporting explained: who must file with FinCEN now, who is exempt, and the rules for foreign companies.