Voting from overseas: Does it impact your tax status in the US?
November 3rd is the presidential election day scheduled in the United States of America. Thus a plethora of doubts must have been raised due to the election scheduled. Americans living overseas often have questions about whether they can vote, how
Is taxation in the US the reason behind the increase in citizenship renunciation?
Citizen Renunciation is the voluntary act of relinquishing one’s citizenship or nationality. It is a complex process that involves giving up all your rights associated with being an American citizen. For example, the right to vote, the right to visit
Why should you reach a tax consultancy before starting business in New York?
Well, millions of taxpayers decide to perform complex tax preparation by themselves. And it's something that cannot be taken up casually. It's an extremely important subject matter. Yes, this practise may not put their life at risk, but it is
Difference in taxation policies in different US states
Taxation and taxation policies form to be the central part of the United State of America's modern public finance. Even today, taxation policies are by far the most significant source of revenue for the government. Hence, it is of great
How to evaluate your spending?
Most of us spend here and there without any reason. Such spending can soon pile up. You need to keep track of your spending to stay within your budget. Creating a spreadsheet with a list of expenses can help you keep track
Retirement Planning
Retirement decision needs some planning. Don’t just decide to retire if you do not have any assets or a source of income at the time of your retirement. You need to have these assets or income to fund you at
Portfolio Income
What is portfolio income? Portfolio income comes from investments. Dividends, interest and capital gains are all considered as portfolio income. What is required for generating portfolio income? 1 – Huge investments. 2 – Properly chosen investment vehicles. The portfolio income can be generated by investing