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Category: Taxes & Tax Planning

PFICs explained

PFICs Explained: Everything You Need To Know

PFICs are a big issue for foreign-born families with assets outside the country. They are taxed punitively, and the tax reporting is a compliance nightmare.

In today’s post, I’ll discuss PFICs (passive foreign investment company), their origin briefly, the taxation, and how tell if there is a PFIC lurking in your overseas accounts or not. Finally how to think about them if they are a part of your overseas portfolio.

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What is Equity Comp?

What Is Equity Compensation? A 101 Guide For Immigrants

What is equity compensation? This is a 101 guide for immigrants and foreign nationals on work visas with equity compensation. I address NSO’s, ISO’s, RSU’s ESPPs and Performance Stock Units.

In this intro guide – we discuss the characteristics of each, the tax treatment of each type and what to watch out for with each type.

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Report_foreign_rental_income

How to Report Foreign Rental Income on US Taxes

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.

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FIRE_Skip Tax Compliance Issues

Mastering FIRE Tax Strategies on a Work Visa

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.

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