What Is Signature Authority on a Bank Account for FBAR?
When people hear “FBAR,” they usually think about owning foreign bank accounts. But ownership (also referred to as having a “Financial Interest” in a foreign bank) of a foreign bank account is only part of the picture. The FBAR rules also apply to people who don’t own the money at all, but still have the power to control what happens to it. That’s where signature authority comes in.
By Nicolás Castillo | 27 Jan, 2026 | IRS business tax forms,IRS general forms
What Is a PFIC? A Guide to Rules, Reporting for US Expats
PFIC is one of those terms that almost guarantees confusion the moment it enters the conversation. It stands for "Passive Foreign Investment Company," but that label alone explains very little. In practice, PFIC rules are one of the most frustrating parts of the U.S. tax system. They can affect Americans living abroad, which is the more common way the topic surfaces. However, they can also affect Americans in the US who previously worked abroad or inherit investments.
IRS Form 1116 (Foreign Tax Credit): A Guide for US Expats
The Foreign Tax Credit is claimed using IRS Form 1116, and reduces a US taxpayer’s US tax liability based on the taxes they’ve paid to a foreign country. This article covers what the Foreign Tax Credit is, how it works, who qualifies, and the steps to claim it.
Foreign Bank Account Reporting Requirement for US Persons
The FBAR is an administrative filing requirement created to prevent money laundering by wealthy tax evaders but implicating everyday US taxpayers. This guide will help you understand what the FBAR is and how to ensure you're compliant.
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