Foreign Nationals

Foreign nationals moving to the USA as students or scholars can face a lot of exciting as well as daunting challenges. The US tax system is one of the most complex tax systems in the world. A failure to file a USA tax return can result not only in penalties...

American expatriates are not the only taxpayers who should be concerned about FATCA, FBARs, tax evasion and expat tax penalties. Foreigners with US bank accounts are now subject to greater scrutiny too. Effective January 1, 2013 US financial institutions are required to report the account information of nonresident aliens to...

Bargain U.S. real estate prices have attracted many foreign investors. Foreigners or non-residents can buy property in the USA. Condominiums and single-home buildings are especially popular among foreign investors in USA real estate. The acquisition structure like a trust, domestic LLC or a corporation can provide liability protection and US...

Green card holders find green card tax requirements quite confusing. Many of them believe that they are not required to file a US expatriate tax return when they move overseas. Unfortunately, this assumption is far from being correct. Let’s review green card tax issues in more details.   Green Card...

A foreign national must file a US resident tax return and pay taxes on worldwide income if s/he is considered a resident alien for tax purposes by the IRS. Moreover, this foreign national must report foreign financial assets and file the FBAR (read What is FBAR) or FATCA (read What...