People who file Form 1040NR (as nonresidents of the United States) will sometimes receive a tax refund. Sometimes it is large, sometimes it is small.
The IRS, by default, issues a paper check for refunds.
It will shock you to discover that sometimes paper checks take a long time to reach their overseas destination. Sometimes the paper checks never arrive. Or sometimes it is a big hassle to deposit the U.S. dollar denominated check into a bank account overseas. Or it costs a significant amount in bank fees to get this done.
In short, paper checks are an abomination.
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Hello again from Phil Hodgen. This is the biweekly Expatriation newsletter, in which we talk about the U.S. tax ramifications of giving up U.S. citizenship or permanent residence status.
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This newsletter is about the certification test.... continue reading
Hello again, and welcome to the Friday Edition. More international tax goodies this Friday and every other Friday.
It's Phil Hodgen and you signed up for this road trip. (I never add people to the mailing list — I hate getting spam and I will not inflict it on others). If you want to stop getting this, there is an unsubscribe link at the bottom of this email that will do the trick.
This week's episode is for nonresident investors in U.S. real estate. Specifically, I am going to talk about an expedient method I have used before (and will use again) to get around a banking problem.... continue reading
Hello again from Phil Hodgen. This is the biweekly Expatriation Only newsletter, which is all about . . . expatriation!
You signed up for this extravaganza — I never add people to the list, because I hate getting spam so I figure you do, too. You can easily unsubscribe by clicking the link at the bottom of this email.
This week’s question is from reader V, who emailed me and asked about reporting significant changes in net worth for Form 8854 purposes. Edited heavily to obscure personal facts:
... continue reading
Thanks, once again, for your incredibly useful thoughts.