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!
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 nonresident.
Can a G4 Visa Holder File a Joint U.S. Income Tax Return?
Are you a G4 visa holder married to a U.S. Citizen or Resident? Find out the pros and cons of filing a joint income tax return with your spouse! For more information, visit us at: http://www.thewolfgroup.com Music supplied by our Chief Investment Officer, Michael [...]
Internal Revenue Code Section 6013(g)
Treasury Regulations regarding the 6013(g) election: 1.6013-6 Election to treat nonresident alien individual as resident of the United States. (a) Election for special treatment— (1) In general. Two individuals who are husband and wife at the close of a taxable year ending on or after December 31, 1975, [...]
G-4 Filing a Joint Return with a U.S. Citizen Spouse….Beware
Most G-4 visa holders working full-time for international organizations are treated as nonresidents for U.S. income tax purposes (please click here for a detailed discussion of G-4 tax residency issues). If a nonresident is married to a U.S. citizen or other U.S. income tax resident, [...]
U.S. Tax Residency Issues Faced by G-4 Visa Holders
Many G-4 visa holders are confused over their U.S. tax residency status. They have heard from others that simply holding a G-4 visa entitles the holder to be a nonresident. It does not! The U.S. income tax code and regulations don’t even mention “G-4 [...]
Taxation of Nonresidents’ Investment in U.S. Residential Real Estate
The taxation of U.S. rental income of a nonresident of the United States depends on whether the foreign national owner of the property is considered engaged in a “U.S. trade or business." The passive ownership of residential real property generally does not rise to [...]
Real Estate Investment Trusts and FIRPTA Withholding
Section 1445 of the Internal Revenue Code, also known as The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), provides that, in cases involving the sale of a U.S. real property interest by a foreign person, purchasers, certain purchasers' agents and settlement [...]
