Moving to the US on an L-1 visa

7 Financial Things To Understand When You Move To The US On An L-1 Visa

Moving to the US on an L-1 visa is exciting, but it also means entering the a financial system completely differently from the one you you are leaving behind.

In today’s post (part 1), I cover the financial matters (accounts, pensions, estate plans, stocks, etc.) you bring to the US from your home country and how the US views them.

PS: The complete opposite of what you are thinking – mistakes are heavily penalized.

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PFICs explained

PFICs Explained: Everything You Need To Know

PFICs are a big issue for foreign-born families with assets outside the country. They are taxed punitively, and the tax reporting is a compliance nightmare.

In today’s post, I’ll discuss PFICs (passive foreign investment company), their origin briefly, the taxation, and how tell if there is a PFIC lurking in your overseas accounts or not. Finally how to think about them if they are a part of your overseas portfolio.

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Moving out of the US

Moving Out Of The US Realistically

The desire to leave the US is strong, the execution and the mechanics are a different story. Leaving the US means, having a destination where you can stay long term legally and be able to support yourself. In this post, we detail practical ways that will allow to move to another country. But the actual move is different post.

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Coming Back from Injury - Cross-border planning

Coming Back From Injury: Cross-Border Financial Parallels

Today was my worst race, and yet it was also my best race. It’s my first race in almost a year due to an injury. It was exhilarating, messy, ugly, and pretty all at once. The key thing is I did it. So many parallels to cross-border finances, especially at the intersection with immigration.

Dive in for the details

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