Should I Stay or Should I Go? Answers to the Most Frequently Asked Questions Regarding OVDP
As a tax attorney specializing in OVDP, nary a day goes by that I don’t get a call from a person inquiring about the OVDP program. The questions asked are relatively the same. After a while, I began to make a list of the most frequently asked questions. Below are my answers to them: Why […]
The Rules Governing Taxation of Foreign Nationals
I. The Residence of Individuals Individual residents of the United States, regardless of nationality, must pay U.S. tax on their worldwide income. U.S. taxation of nonresident aliens, by contrast, is largely limited to income from sources in the United States. Therefore, residence is the first and most important touchstone of U.S. taxation for foreign nationals. […]