Numerous popular ex-pat destinations offer reduced taxes and living expenses compared to countries such as the United States. This indicates that if you are setting up a business in the USA, your capital will go much further. Moving to a foreign nation can be an exciting prospect for entrepreneurs, ...

Millions of expats pick up their lives and migrate across the world with the dream of never returning home to their country. While embracing the new culture, responsibilities, and diversified customs, they often forget to fulfil their “old” responsibilities. About 10 million US expats ar...

You are currently operating a prosperous business. In exchange for your service, your clients provide you with the one thing every business needs to thrive: money. You may have begun earning so much money, and your firm may be expanding so rapidly, that it is necessary to hire someone to assist you ...

Gain received on the sale of capital assets are taxed at special rates or ordinary rates based on the holding period of the said asset. However important tax planning which was done by taxpayers was to sell the security for loss and buy it back again, this creates capital loss and it can offset the ...

What does FIRPTA mean for a Buyer? The Foreign Investment in Real Property Transfer Act (FIRPTA) requires any buyer of a U.S. real property interest to withhold 15% of the amount realized by a foreign seller. What is the purpose of FIRPTA? FIRPTA is a federal tax law that ensures that foreign seller...

Being self-employed indeed comes with attractive benefits. When you act as your own boss, there are myriad financial flexibilities that come with it. However, you also have the hassle to manage your tax liabilities optimally. You can effectively manage your expenses and reduce the burden of taxes by...

The tax filing rules for residents and non-residents can be poles apart in the US. With an elaborate set of laws for American citizens, resident aliens, as well as non-resident aliens, it is imperative to understand the technicalities involved for these categories of taxpayers. If the government fin...

Retirement is an inevitable phase of our life. To enjoy a peaceful, secure, and delightful retirement, you must first establish the financial safety net that will cover it all. It is fundamental to pay attention to the serious and maybe dull portion of figuring out how to undertake adequate retireme...