Foreign-born families and other immigrants tend to send a lot of money overseas. So in this post, I’m answering the question – do I pay taxes when I send money abroad from the US?
What are the tax considerations for receiving gifts from overseas family when you live in the US and are a tax resident?
Do you know what it’s like to feel at a loss or a disadvantage, to be faced with newness after newness, and to feel overwhelmed – because everything is new or because you never learned personal finance?
Almost everybody is looking to invest in I bonds. But can a holder of an H-1B and other work visas invest in them? What are they? How do they work? How do you buy them? What are the tax consequences of owning them?
Use this checklist to check off all your 2022 year-end financial items – hopefully leading to tax savings at tax filing next year or in the future.
The financial challenges you are likely to face as an immigrant are many and varied. But you don’t have to face them alone, we are here to walk with you every step of the way.
Do you know how to protect yourself if you become incapacitated? Do you know how to appoint guardians including international guardians? Read the post for answers to these questions, as well as an introduction to a new estate planning solution – Trust & Will
To protect your financial future – you need to constantly change and adapt. One way to do this is to invest in yourself.
Financial detours can be painful, especially when we are forced to make them because of something out of our control. But they can be a chance to evaluate new opportunities. To consider paths not taken, even a chance to enjoy the new path.
Today I’m going to show you how the IRS gets information about your foreign accounts.
They know how much you have in there, and they know when you reach certain thresholds They know when you should be reporting this and when you shouldn’t.
