As 2015 draws to a close, there is still time to reduce your 2015 tax bill and plan ahead for 2016. This article highlights several potential tax-saving opportunities for you to consider. Gift Giving Annual Gift Tax Exclusion: The most commonly used method for tax-free giving [...]
The U.S. income tax system is one of the most complex in the world, with over 70,000 pages of laws and regulations. In addition, the U.S. tax law provides special tax provisions that only apply to international organization (“I/O”) employees and their [...]
The U.S. tax laws that relate to U.S. income tax nonresidents are complex and often difficult to apply in practice. Here are some of the most common errors made by nonresidents who work for international organizations in the United States: #1. Failure [...]
We can often find ourselves acting in ways that don’t make sense. Your spring-cleaning plans go awry when you can’t seem to part with your favorite pair of pants circa 2005, even though they haven’t fit for the last decade. You have [...]
Tax is usually not the first thing that comes to mind when one decides to change his immigration status. However, one should not take this matter lightly as there may be significant tax implications in the type of U.S. visa one acquires. The [...]
In a seemingly reluctant nod to increasing pressure from other more pro-business tax regimes, the U.S. recently introduced a proposal for legislative change in the form of an innovation (intellectual property) box regime. Similar regimes have been around for a number of [...]
With the pace and amount of direct investment in the United States increasing dramatically, fueled by such incentives like the EB-5 and EB-6 Visa programs, proper structuring remains a critical but frequently overlooked aspect to such investment. Tax-efficient structuring can, however, enhance [...]
Let me start with a brief story: A friend of a friend once told another friend that he could eliminate U.S. tax on his business profits if he set up a company in a “tax haven” and never brought money back to [...]
A person who is not a citizen of the United States and does not meet either the green card test or the substantial presence test of income tax residency is considered a nonresident for U.S. federal income tax purposes. While U.S. citizens [...]
ABOUT US. The Wolf Group thrives as an international tax accountant firm. Every year we help hundreds of clients. And unlike most CPA firms in the United States, you won’t find us doing accounting, bookkeeping, or audit/attestation. We just deal with international tax matters — it’s who we are and what every member of our team does daily.
The Wolf Group, P.C.
12701 Fair Lakes Cir, #220
Fairfax, VA 22033