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The tax code is complex for American citizens, but the regulations get even more confusing for non-resident aliens.A resident alien is one who has a green card or who satisfies the residency requirements as outlined in Publication 519 . Namely they were present in the United States for 31 days during 2012, and 183 days during the three-year period that includes 2012, 2011 and 2010. A resident alien files Form 1040 whereas a nonresident alien files Form 1040NR , which looks similar to the 1040, but the rules are different and more tricky. Essentially, according to the IRS, a nonresident alien does not need to file Form 1040NR or Form 1040NR-EZ if he meets either of the following conditions:Your only U.S. trade or business was the performance of personal services, and Your wages were less than $3,800, and You have no other need to file a return to claim a refund of overwithheld taxes, to satisfy additional withholding at source, or to claim income exempt or partly exempt by treaty. You w...
China will step up measures to ensure an adequate land supply this year, as part of efforts to contain volatility in land prices that may trigger panic in the broade...
FBN’s Liz MacDonald on oil companies keeping inventories low and increased state taxes affecting gas prices.
This scenario is very familiar to boomers: a couple, married 30-plus years, with three great kids, maybe some grandkids, living in a beautiful home and nearing retir...
Erik Browning of Millennium Hotels & Resorts argues that people will continue to travel despite new taxes.
Thalius Hecksher of Apex Fund Services discusses why he moved his business to Florida.
The Beijing municipal government may introduce a real estate tax as early as the first half of this year, the China Times reported Thursday, citing an unnamed person...
Married couples looking for a way to lower the cost of life insurance or to make sure their estate is protected from taxes when they die may want to consider joint l...
Elda Di Re, Ernst & Young partner, weighs in on how higher tax rates stand to impact those considering marriage.
Coming into extra or unexpected income is good news, so don't let Uncle Sam ruin the fun by catching you not paying appropriate taxes.Here is a breakdown of when you...
Coming into extra or unexpected income is good news, so don't let Uncle Sam ruin the fun by catching you not paying appropriate taxes.Here is a breakdown of when you...
The Great Recession has triggered a rising tide of real estate and tax abuse centered around land trusts that is going ignored, the Internal Revenue Service, Congres...
If you're fortunate enough to give away substantial amounts of money or property during your lifetime, your generosity may be subject to federal gift tax rules.After...
Greek bank deposits are safe and the country's lenders are protected due to a recapitalization scheme which will be completed by the end of April, Prime Minister Ant...
Dear Dave,My daughter is 14, and she was recently offered a steady weekend modeling job. Do you have any advice on how to handle the money she earns?CynthiaDear Cynt...
Americans for Tax Reform President Grover Norquist on how to reform the tax code in an effort to boost job and economic growth.
Ernst & Young partner Elda Dire says that getting married is beneficial for estate planning.
The average price of housing in 100 major Chinese cities rose in February from a year earlier, the third straight month of annual gains after eight months of decline...
The coastal city of Dalian in northern China has introduced measures that effectively bypass existing home purchase restrictions and encourage demand, marking a fres...
China will step up measures to ensure an adequate land supply this year, as part of efforts to contain volatility in land prices that may trigger panic in the broade...
