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Sell or Hold Foreign Mutual Funds: A Practical Guide for Immigrants
Foreign mutual funds are classified as PFICs by the IRS, requiring complex annual reporting via Form 8621 for U.S. tax…
Direct Foreign Stocks: Safer, Simpler U.S. Tax Path for Immigrants
The 2026 U.S. tax guide for immigrants clarifies the reporting differences between direct stocks and pooled investments. It warns of…
PFIC Tax Traps for Immigrants and NRIs: Real Examples and Alternatives
Owning non-U.S. mutual funds as a U.S. tax resident creates significant reporting burdens under the PFIC regime. Shareholders must typically…
NRIs in the UAE: Tax-Free Income, Real Estate Growth, and Residency
The UAE offers significant local tax advantages, including no personal income or capital gains tax. However, for U.S. tax residents,…
US asylum seeker receives thousands in taxpayer-funded benefits
The case of Olabode Shoniregun highlights tensions in the UK asylum system. After his 2024 asylum application was refused, he…
Canada NRI Investment Playbook: Residency Tax and Cross-Border Planning
For NRIs moving to Canada, tax residency is defined by residential ties, not just citizenship. Once a resident, all global…
NRI Investment Playbook: Navigating UK Residency and Tax Changes
Navigating UK and U.S. tax residency is complex for NRIs. The UK uses the SRT to tax worldwide income, while…
NRI Investment Playbook: Mastering Residency-Based Tax in Australia
A comprehensive comparison for Indian NRIs on tax residency rules in Australia and the United States for 2026. It covers…