Tax Planning Archives - Elgon Financial Advisors

Do You Know Your Tax Residency Status? (It’s Not the Same as Your Immigration Status)

Post author:Jane Mepham
Post published:February 16, 2021

Your immigration status is not the same as 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.

The IRS Taxes U.S. Citizens and Green Card Holders on Worldwide Income – What You Need to Know

Post author:Jane Mepham
Post published:January 20, 2021

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?

Check Issuing Concept

Coronavirus Stimulus Package

Post author:Jane Mepham
Post published:December 30, 2020

Specific provisions for immigrants in the $900 billion Covid stimulus package

Do You Know Your Tax Residency Status? (It’s Not the Same as Your Immigration Status)

The IRS Taxes U.S. Citizens and Green Card Holders on Worldwide Income – What You Need to Know

Coronavirus Stimulus Package

Elgon Financial Advisors is a Registered Investment Advisor in the state of Texas.

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