Taxes
K-1 Visa Tax Implications: Understanding Marital Status Effects
The marital status of K-1 visa holders can affect their tax filing in terms of potential tax benefits and liabilities. Understanding the tax implications is crucial.
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Lasted Taxes
FATCA Reporting Threshold for Foreign Assets Declaration
If your foreign assets exceed the FATCA reporting threshold, you must declare them. Ensure compliance with FATCA guidelines to avoid…
Understanding Currency Exchange Rates for Reporting Foreign Income Tax
Currency exchange rates can impact the reporting of foreign income tax. Fluctuations in exchange rates can affect the value of…
How to Report Foreign Gifts to the IRS: Understanding Gift Tax Reporting
If you received a large gift from your family abroad, it is important to know that you may need to…
Reporting Income for Freelance Remote Work with Non-US Companies
Learn how to report income from freelance work done remotely for a non-U.S. company, including tax obligations and considerations.
Tax Implications of Withdrawing from a Foreign Retirement Account on a K-1 Visa
If you withdraw from a foreign retirement account while on a K-1 visa, there are tax implications. Learn about these…
Expats’ Guide to Deducting Home Country Medical Expenses on U.S. Taxes
Learn whether expats can deduct medical expenses incurred in their home country on their U.S. tax return and explore medical…
Claiming Children Abroad on Taxes: Understanding the International Dependent Tax Credit
Wondering if you can claim children living abroad as dependents for tax purposes? Learn about the rules and eligibility for…
K-1 Visa Taxes: Reporting Foreign Rental Income
As a K-1 visa holder, you are required to report and pay taxes on your foreign rental income. Learn more…