Many G4 visa holders are confused over their US tax residency status. They have heard that merely holding a G4 visa entitles the holder to be a non-resident. But this is not true. The US income tax code and regulations don’t even mention “G4 [...]
On September 11, the IRS announced a new campaign to closely examine whether individuals working at international organizations (I/O) are fully and properly calculating their taxes. The announcement was a surprise and was made at the same time as the announcements for several [...]
The 2018 Reebok CrossFit Games just came to an end. There are many categories of competition, but the main draw is the individual competition for men and women. The two winners are deemed “The Fittest (Man or Woman) on Earth.” In the men’s category, [...]
Do you live in the U.S. on a nonresident visa (e.g., G-4, A, or J visa)?Do you live outside the U.S. but own U.S. real estate or investments?Did you give up your green card or U.S. citizenship but maintain property or accounts in the [...]
Many self-employed foreign nationals perform consulting services in the U.S. on an infrequent basis. As such, they may not accrue enough days in the U.S. to be considered tax resident under the so-called Substantial Presence Test. Instead, these individuals are nonresidents of the U.S. [...]
How Tax Reform Has Changed the Structure and Planning for Nonresident Aliens with U.S. Real Property Interests Wolf Group International Tax Director Mishkin Santa recently interviewed International Tax Attorney David Gershel to solicit his perspectives on how the Tax Cuts and Jobs Act of 2017 [...]
Preparing for an international move generally involves an extensive to-do list, topped by tasks such as finding a new home, choosing schools for the children, establishing a banking relationship, and figuring out transportation. If you are like most people, “tax matters” is likely pretty [...]
With recent tax reform dominating the news, many nonresident alien taxpayers may be unaware that other, older legislation has resulted in additional reporting requirements on their 2017 tax returns (and that failure to meet these requirements may result in steep penalties, of course). As [...]
Are you a U.S. nonresident? Do you own a U.S. Limited Liability Company (LLC)? Are you the only owner of the LLC? If so, under new IRS regulations, you may have to file Form 5472 annually with the IRS—even if you do not normally [...]
The Mayweather–McGregor boxing match concluded this past Saturday night with Mayweather winning in the 10th round by TKO. After the fight, USA Today published an article on McGregor’s use of an audit team to track his financial earnings related to the match. Estimates indicate [...]
