Ines Zemelman

Citizenship and tax residency are not the same thing – and for many pe...

It is a payer or issuer reporting flag, not a box you complete yourself. In current IRS instructions, the 1099 FATCA filing requirement box is tied to chapter 4 account-reporting rules, which are part of ...

If you can move money out of a foreign bank account, the US government may treat you as a filer even if none of the money is yours. That is the core of the ...

The IRS does not publish a single official exchange rate. Instead, it accepts any posted exchange rate that is used consistently. For most expats converting a foreign salary or pension to USD on Form 1040, the IRS yearly average currency exchange rates table on irs.gov is the most widely accepted source. For most expat...

The foreign tax credit limitation caps the US tax credit you can claim for foreign taxes paid to the amount of US tax attributable to your foreign-source income. The limitation is calculated separately for each category of income under IRC Section 904, using ...

California taxes nonresidents on all income derived from California sources, and the state applies the same graduated rate schedule used for residents – with the top marginal rate reaching 13.3%, the highest of any US state. Nonresidents file Form 540NR for tax year 2025. The following four points summarize how Ca...