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 [...]
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, [...]
Nothing appeals to investors like a simple rule of thumb. Who doesn’t want a blanket strategy that applies to everyone and solves everyone’s problems? Enter the “4% Withdrawal Rule.” Let’s quickly discuss the genesis of the 4% withdrawal rule and then to the trenches [...]
Estimated Tax Payments U.S. taxpayers are required to prepay their U.S. income and employment taxes (collectively, “tax”) during the course of the year. To the extent taxes withheld from your income are not sufficient for this purpose, estimated tax payments must be made. Accordingly, if your income [...]
Federal Individual Income Tax Return Filing Generally, U.S. income tax residents must file their 2014 federal income tax returns by April 15, 2015. However, if you are a U.S. citizen or resident living and working outside the United States, or you are in active [...]
Generally, a U.S. citizen or resident, who is a beneficiary of a Canadian retirement plan, will be subject to current U.S. taxation on income accrued in the plan even though the income is not actually distributed. Article 7 of the U.S.-Canada Income Tax Treaty [...]
Since 2009, international tax compliance and collection has been a major concern for the Internal Revenue Service (IRS). The Treasury Inspector General for Tax Administration (TIGTA) released a report on September 12, 2014 concluding that the IRS should increase and enhance its efforts in [...]
On October 30, at the 2014 fall meeting of the Council for Electronic Revenue Communication Advancement (CERCA), Internal Revenue Commissioner John Koskinen warned that the upcoming 2014 tax return filing season could get off to a late start on October 30 at the 2014 [...]
As the 2014 tax season approaches, taxpayers may find themselves trapped in limbo while Congress is preoccupied with the results of the midterm election, leaving temporary tax provisions up in the air. That said, taxpayers may still want to reassess their tax situation and [...]
Download PDF As the not-old and not-Chinese saying goes, “May you live in interesting times.” A quick glance at the daily headlines will surely affirm that we are indeed living in interesting times. New military conflicts in the Middle East. A deadly virus [...]
