Foreign-born families and other immigrants tend to send a lot of money overseas. So in this post, I’m answering the question – do I pay taxes when I send money abroad from the US?
Use this checklist to check off all your 2022 year-end financial items – hopefully leading to tax savings at tax filing next year or in the future.
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.
The in-depth specifics of the Child Tax Credit and how the 2021 monthly advance payments could potentially impact your financial situation if you qualify.
If you own any cash or securities type of assets in a foreign country, you might need to file an FBAR at tax time. Your top questions on the topic answered.
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 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?
Specific provisions for immigrants in the $900 billion Covid stimulus package
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