Guides
Hidden City Ticketing Explained: How Skiplagging Works
Hidden city ticketing is a travel hack where passengers book cheaper flights with layovers at their desired destination and skip the final leg. While it can save money, it risks…
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Lasted Guides
Understanding Form 8938: Who Must Meet FATCA Reporting Requirements?
Form 8938 is a reporting requirement under FATCA for certain individuals with foreign assets. Find out who needs to file…
FBAR Penalties: Consequences of Failure to File
Failure to file the FBAR can result in hefty penalties. Learn more about the consequences and potential fines associated with…
Tax Deductions and Benefits for L1 Visa Holders
L1 visa holders can benefit from tax deductions and enjoy tax benefits. They should explore deductions, such as moving expenses,…
FBAR Requirement for L1 Visa Holders: Understanding Tax Reporting Duties
The FBAR requirement for L1 visa holders is the need to report foreign financial accounts to the US government, ensuring…
L1 Visa Holders and U.S. Tax Brackets: Understanding Non-Resident Alien Taxation
The tax brackets for L1 visa holders differ from those of U.S. citizens. Non-resident aliens, including L1 visa holders, are…
L1 Visa Substantial Presence Test and IRS Form 8843 Filing Guide
L1 visa holders who pass the Substantial Presence Test need to submit IRS Form 8843. This form is required for…
L1 Visa Holder Tax Residency Rules
L1 visa holders transition to resident tax status when they meet the residency rules. Understand L1 visa tax status and…
L1 Visa Holders: Which Nonresident Tax Form to File?
Nonresident L1 visa holders must use the nonresident tax form for tax filing. Learn more about L1 visa tax filing…