Trump’s Taxation of Foreign Income
By frank.rosillo
- 03/19/2018
American citizens, green card holders, and U.S. “tax” residents are subject to U.S. tax, for domestic and foreign income despite where the individual resides or earns a living. The new tax code bill H.R.1. known as Tax Cuts and Jobs…
International Tax Filing: Non-Resident vs. Resident
By frank.rosillo
- 03/03/2017
Resident (RA) vs Non-Resident (NRA) Tax Filing For tax purposes U.S. tax law treats U.S. persons and foreign persons differently. So, it is relevant to distinguish between these two types of taxpayers. Resident or United States Persons: In tax law,…
Foreign Bank Accounts Report (FBAR) Deadline Is Now in April
By frank.rosillo
- 02/08/2017
United States Citizens and/or taxpayers who has authority over assets, including a bank account, brokerage account, mutual funds, trust, or other type of financial accounts located outside of United States aggregating to $10,000 during the calendar year must file the…
How to start a Business in the U.S. as a Foreigner
By frank.rosillo
- 08/24/2016
Every day more and more foreigners are setting up new businesses all across the United States. Many investors are looking to take advantage of the world’s largest integrated market! Setting up a business in the Untied Stated can seem rather…
Estate & Income Taxation of Foreigners: Are Taxes Higher for Foreigners?
By frank.rosillo
- 07/20/2016
If you are not a U.S. citizen but plan to invest within the United States, it is imperative that you understand the United States Tax Rules and Regulations and how it will affect you. Foreigners are required to pay a…
Do you file a foreign business or personal tax return?
By frank.rosillo
- 06/14/2016
If you do then it may be necessary to report this income on a U.S. tax return. Most foreign countries have a guideline that requires you to include a report all personal and business assets in the tax return. With…
