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.
Once you start investing, sooner or later, you are going to come accross the term tax-loss harvesting strategy.
In today’s post, I explain what it is, how it works, when it makes sence to practice it, as well how to think about it in a cross-border context.
What does it take to be successful in the US as a foreign national on a work visa?
Is the American dream still alive?
A fascinating conversation with fellow expat planners on this two issues.
(Includes video)
What is some useful tax vocabulary to know?
Taxes are complicated, which leads to making mistakes, which can and do impact your financial life.
Here are some basic tax concepts to be aware of as you get ready to file your 2022 Taxes
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.
Today I’m going to show you how the IRS gets information about your foreign accounts.
They know how much you have in there, and they know when you reach certain thresholds They know when you should be reporting this and when you shouldn’t.
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.
We never spam. By signing up, you'll also receive access to future resources right to your inbox. You can unsubscribe at any time.
