If you’ve ever electronically transferred money to another person or business, you’re likely familiar with the term remittance. When you remit, you have several options. There are also things to watch out for!
One of the most common questions we are asked is about the tax implications of inheriting property or assets in/from a foreign country. Under most circumstances, you will not pay tax on the receipt of an inheritance from abroad - but you still may have to report it!
Whether you are just beginning your education at a United States institution of higher learning or you’ve yet to decide, knowing your employment options in advance will help determine how long you can stay in the United States after graduation.
Merely being admitted to a college or university in the United States does not mean that you will receive Form I-20. Before a DSO can provide Form I-20, the international student must certify financial responsibility. This process is distinct from meeting admission requirements and being accepted to the school.
The F1 visa does permit some very specific kinds of work while you are studying in the United States and immediately thereafter. This article is a guide to the types of work that are permitted.
In general, non-US citizens employed in the U.S. are required to pay FICA taxes. However, those with single intent, or non-immigrant status (or F1 visa holders) are exempt from FICA taxes.