H-1B With Dual-Country Income: Tax Residency Review Earning income simultaneously or sequentially in both your home country and the United States creates a complex cross-border tax scenario for H-1B...
How the IRS Applies Investment Interest Limitations US investors and cross-border taxpayers often pay significant interest on margin loans and investment debt without realizing the IRS restricts how much...
 Investment Interest vs Personal Interest The tax code treats investment interest and personal interest completely differently: investment interest is potentially deductible, while personal interest is entirely non-deductible. For cross-border...
Borrowing to Invest: U.S. Tax Consequences Leveraging borrowed capital to acquire global assets is a recognized strategy for expanding wealth. However, when borrowing crosses international borders, U.S. tax consequences...
Tracing Rules Under Treas. Reg. §1.163-8T Under Treasury Regulation §1.163-8T, the tax deductibility of loan interest is governed entirely by the “tracing rules”. These rules allocate debt based strictly...
IRS Investment Interest Deduction Rules Explained The IRS allows non-corporate taxpayers to deduct interest paid on debt used to purchase or carry investment property. However, applying these rules across...
New U.S. Citizen With Parents Foreign Accounts: Reporting Questions  Many new U.S. citizens are added to their elderly parents’ foreign bank accounts to assist with financial management or estate...
First Tax Return After Becoming a U.S. Citizen Becoming a U.S. citizen is a major personal milestone, but it also triggers a shift in how the IRS views your...
H-1B Selling Property in India: U.S. Tax Filing Review Selling real estate in India while residing in the U.S. on an H-1B visa exposes you to dual-country taxation. The...
H-1B With Indian Rental Loss: U.S. Tax Review Owning rental property in India while working in the U.S. on an H-1B visa introduces complex cross-border accounting rules. While property...