Overseas Inheritance: Everything You Need To Know
August 29, 2024
Receiving an inheritance from abroad
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Category: International Tax Planning
Do You Pay Taxes on Gifts from Overseas Family?
January 5, 2023
If I receive gifts from overseas, what taxes am liable for?
What are the tax considerations for receiving gifts from overseas families when you live in the US and you are a tax resident?
Understanding IRS Foreign Account Reporting Methods
July 31, 2022
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.
How to Report Foreign Rental Income on US Taxes
March 21, 2022
If I own foreign rental property, do I have to include the income when I file my US taxes? The answer is yes, although it depends on your tax residency status. Read the rest of the post for the details on how you go about figuring this out and what to do with your foreign rental income.
How to File Taxes in Your First Year as an Immigrant
February 16, 2022
Filing taxes the first year in the US as an immigrant or as a non-US citizen is not for the faint of heart. You need to figure out your filing status, in addition to understanding different concepts in the tax code. This post discusses what you need to keep in mind as you go through the process.
4 Tax Pitfalls to Avoid with Overseas Assets
May 20, 2021
My first post on retirement daily discusses tax issues to be aware of, if you own any type of non-US financial assets. The focus is on keeping the taxman happy, saving yourself some money and future stress if you have non-US financial ties.
