Many professionals and scientists working in the US on an H1-B visa need to understand IRS PFIC taxation and the implications of continuing many offshore investments. What are PFICs and why would high income professionals in the US on an H1-B visa need to understand IRS PFIC taxation rules? The challenge...
Tax Issues of Working in San Diego on an H1-B Visa
What are the tax issues of working in San Diego on an H1-B Visa or living in the US as a foreign national? There are specific IRS reporting requirements that many foreign nationals living and working in the United States may not be aware of. Unfortunately, the IRS will not...
Why Should a Foreign National Working or Residing in the US Care about FBAR Compliance
Why should a foreign national working or residing in the US care about IRS FBAR compliance? "None of my friends or associates are aware of this or worried about it..." is a sentiment we often hear. Unfortunately, the IRS isn't interested in what a foreign national working or residing in...