President-elect Trump may not take office until January 2017, but many taxpayers are already wondering how his proposed tax plan may impact their tax positions. The Wolf Group advises its clients and prospects that although we are staying abreast of current and proposed future [...]
For those thinking about retiring in the coming months or years and obtaining a green card, the following information can financially make or break retirement income. In addition to general retirement planning difficulties like estimating one’s lifespan or future costs in retirement (read more), [...]
Synopsis: With passive investing you typically lock in underperformance to the benchmark. Whereas, with active investing you can achieve market outperformance. Understanding the advantages and disadvantages of both strategies allows you to better work with your advisor to develop a sound investment portfolio. Active [...]
Synopsis: Are you a foreign investor considering purchasing or selling U.S. real estate? If so, it’s crucial for you to understand the intricacies of these transactions in order to avoid traps and complications that catch many foreign investors, and greatly reduce your U.S. tax [...]
Are you a foreign national with a recently approved visa? If so, you may soon find yourself in a tax nightmare – being both overwhelmed and alarmed at the complexity and compliance requirements you are now subject to under the U.S. income tax system. However, being aware of the information below will arm you with the knowledge necessary to work with your tax accountant in order to ensure you are in compliance with the U.S. tax code and in optimizing your U.S. tax position.
Welcome Note on an American Flag Background All information and views expressed in this article are the solely those of Haynes Novick Immigration. The Wolf Group does not necessarily endorse, support, or agree with the views expressed in the article. A front [...]
There are some valid reasons that an investment advisor might recommend that a U.S. tax nonresident should invest in offshore mutual funds. Typically, the reasons include reducing income tax, capital gains tax and potential estate taxes. But if you are a nonresident by virtue [...]
Taxpayers who have financial assets outside the United States often ask this question when they are considering how (or whether) to come clean and inform the IRS about their previously undisclosed foreign financial accounts. For years, there was little public knowledge of the U.S. [...]
The U.S. tax laws that relate to U.S. income tax nonresidents are complex and often difficult to apply in practice. In our experience, here are some of the most common errors made by G-4 visa holder nonresidents who work for the United Nations in [...]
Just like most events, the earlier you start prepping for retirement the smoother the transition should be. They say that knowing is half the battle; but if you’re planning your own retirement, how are you supposed to know what to do? Here are 10 [...]
