Is your teen working this Summer? Parents don't miss this tax strategy! Wealth building starts now and it starts with you.

Going through a divorce? If you or your spouse have foreign financial accounts, don't overlook your U.S. reporting obligations. One of the biggest misconceptions is that filing an **FBAR (FinCEN Form 114)** automatically satisfies **IRS Form 8938**. It doesn't. Depending on your situation, you may need to file both. Understanding the difference now can help you avoid costly penalties and protect your financial future.

In my previous blog, I explained how Form 5498 can reveal important information about retirement accounts, contributions, and account values that may not be obvious from a tax return alone. But Form 5498 is just one piece of the financial puzzle. During divorce, the biggest mistakes often happen when someone assumes that the documents they receive tell the entire story. The reality is that financial details are often spread across multiple statements, tax forms, and records.

Divorce has a way of making everything feel urgent. The finances. The paperwork. The uncertainty. The fear of making the wrong decision. Many women believe they need to understand every financial detail immediately before they can move forward. But when you are emotionally overwhelmed, trying to figure everything out at once often leads to paralysis. What you need first is not perfection. You need a plan. As a CPA and Divorce Coach, I help women create clarity.

During the pandemic, many people shifted to a “work from home” scenario. Expect more IRS scrutiny in the coming year as it relates to...