ELGON FINANCIAL BLOG
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Teaching Kids About Money – The Cost Sharing Plan
April is financial literacy month – it’s a great time to teach kids how money works. One method is to use the “cost sharing plan”.
This is how my parents used the plan with us, and considering that I’m using it with my kids today, I have to admit it worked!
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I’m Living Proof of the American Dream
My interview with the Authority Magazine for their series immigrants success stories
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The Top 5 Things to Know About FBAR Filing
If you own any cash or securities type of assets in a foreign country, you might need to file an FBAR at tax time. Your top questions on the topic answered.
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Here is How to Determine Your Tax Residency Status
According to IRS, as an immigrant you are either a resident or nonresident alien. Here is a way to figure out your exact tax status.
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The Immigrant’s Journey
The immigrant’s journey is a marathon not a sprint. What’s your story and how does it affect your desired future state?
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Can an H-1B Visa Holder Open a 529 College Savings Account?
Can an H-1B Visa holder open a 529 college savings account for college?. Is it legal and are there any tax consequences to keep in mind, considering the holder’s immigration status?
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What Does a Financial Advisor / Planner do Anyway ?
What exactly does a Financial Advisor / Planner do anyway and how can they help you?
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The IRS Taxes U.S. Citizens and Green Card Holders on Worldwide Income – What You Need to Know
The U.S. is one of the very few countries that taxes citizens and green card holders on worldwide income, regardless of where they live. What strategies can immigrants use to minimize some of the tax liability?