Category: Planning For Immigrants
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.
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.
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.
How to build U.S. credit as a new Immigrant – In this post, I break down what U.S credit score is, what it’s used for and how to start building it with zero credit history. This is addressed to those brand new immigrants, but applies to anybody that’s looking to start building their credit history.
In this post, I discuss why a taxable brokerage account should be a part of your investment/saving strategy. By the end of the post, you’ll know the answer to questions like – what is it, what are some of the benefits of the account, things to watch out for with the account. Finally I discuss the special use case for foreign-born nationals.
It does not matter how or when you got here; this country has a lot of financial opportunities for you. To make the most of this opportunity avoid these 10 Financial Mistakes.
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.