Blog
I’m a U.S. person; can I benefit from a "tax haven"?
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 [...]
Nonresidents Selling US Real Estate Beware
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 [...]
Little Known Rule Causing Major Headaches for US Persons with Investments Abroad
A little known statute authorizing the collection of comprehensive financial information of US persons with foreign investments has been receiving a great deal of attention recently particularly by those unaware of the filing requirements and associated stiff penalties for non-compliance. The information [...]
G-4 Visa Holder: Should I File a Form W-8BEN or W-9?
Many financial institutions aren't aware that even though G-4 visa holders have US addresses, they are still considered as nonresidents and should file the W-8BEN. Find out more about the proper filing method and who should file the W-8BEN. To understand your [...]
Am I Subject to the U.S. Capital Gains Tax?
This may come across as shocking to many, but the Internal Revenue Code states that certain nonresidents are subject to the capital gains tax on the sale of securities on a worldwide basis!
Are you Sufficiently Insured?
Our clients often ask us if they are sufficiently insured. When they ask this question, they normally don’t understand the breadth of the question and the depth that one can go into when it comes to insurance planning. Typically, they are asking [...]
International Aspects of U.S. Social Security for Foreign Nationals
Many foreign nationals temporarily working and living in the United States have little or no understanding of the U.S. Social Security program’s benefits and related taxes. It is the intent of this article to provide a general overview of some of U.S. [...]
Four Essential Rules of Investing
1. Start Early (and remember to rebalance) Taking advantage of the power of compounding is probably the most important rule when it comes to being a successful investor. In theory, it should be the easiest as well. Consider the following: If you [...]
Three Ways to Avoid Common Mistakes Made by U.S. Investors with Foreign Financial Accounts
U.S. individuals living overseas and foreign nationals who move to the United States frequently will maintain at least part of their wealth in non-U.S. financial accounts. These individuals face a much more complicated set of issues than their peers who do not [...]
Am I a US Income Tax Resident or Nonresident?
Did you know that even though you have a G4 visa, it doesn't necessarily mean that you are a nonresident for income tax purposes automatically? In this video, you will find out what makes a G4 visa holder a U.S. income tax [...]
