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.
Part of being able to successfully implement the FIRE strategy on a work visa is saving or minimizing on taxes.
Having to pay tax penalties because of tax-compliance issues goes against that. In this post, I discuss ways to be tax-compliant with overseas assets and avoid having to pay tax penalties.
Whether you are filing taxes as a US tax resident or US nonresident, there are a couple of things you should be aware of. This tax filing guide is a course map to help you navigate your taxes like a pro.
In this post, I discuss, the key financial numbers you need to know in 2024.
I’m also providing you a nice FREE download, so you don’t need to memorize them.
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.
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