Taxation · 07/18/2025

This article provides a systematic analysis of the U.S. Alternative Minimum Tax (AMT), including its definition, calculation method, exemption amounts, and trigger conditions. The AMT aims to ensure that high-income taxpayers meet a minimum tax burden and prevent the abuse of tax deductions. The article elaborates on the calculation steps and specific amounts involved, offering readers a deeper understanding of the AMT.

Taxation · 07/18/2025

FATCA is a law enacted by the U.S. government to ensure the declaration of overseas assets and income. All U.S. citizens and permanent residents must report their foreign accounts to the IRS, and financial institutions are required to provide relevant data. Failure to report may result in substantial penalties. This policy aims to enhance tax transparency and safeguard national tax revenue.

Taxation · 07/18/2025

New immigrants in the U.S. must pay special attention to accurately reporting foreign assets and income during their first tax filing. According to the new tax regulations, undistributed profits may be taxable. Proper tax filing can help avoid future legal issues and may even allow for deductions of taxes already paid in China. Therefore, consulting a professional accountant to ensure compliance is crucial.

Apartment Rental · 07/17/2025

This article provides a comprehensive rental housing guide for international students heading to New York, covering the characteristics and leasing processes of key areas such as Manhattan, Brooklyn, Queens, and New Jersey. It emphasizes important considerations during the rental process, the income verification standards tenants need to understand, and the guarantor options available for international students, ensuring a smoother renting experience.

Taxation · 07/17/2025

This paper analyzes the tax gap in the United States, highlighting that from 2014 to 2016, the gap reached $496 billion, which includes unreported income, underreporting, and unpaid taxes. It emphasizes the importance of tax compliance and explores the role of policy initiatives and future outlooks aimed at improving overall tax compliance rates to ensure a fair distribution of tax burdens.

Taxation · 07/25/2025

This article analyzes statistical data from the 2023 U.S. individual income tax filing season. Although the total number of filings has decreased, overall processing efficiency has improved, while electronic filings and website traffic have significantly declined. There has also been a downward trend in both the number and amount of refunds, reflecting changes in taxpayers' information acquisition methods and their confidence in filing.

Taxation · 08/07/2025

An Offer in Compromise (OIC) is a solution for taxpayers to settle their tax debts for less than the full amount owed, suitable for those unable to pay in full. The IRS evaluates various factors, such as the taxpayer's ability, income, and expenses, to determine if the proposal is acceptable. Taxpayers should research all payment options and seek professional support when applying.

Education · 08/06/2025

This article discusses the various public benefits provided by the U.S. government for immigrants, including support in areas like food, housing, healthcare, and education, with an emphasis on its design for low-income groups. It highlights additional services available to refugees and asylum seekers to aid their integration into society and notes the requirement to reapply for benefits when moving between different states.

Finance · 08/05/2025

Cameco Corporation is one of the world's largest uranium producers, focusing on uranium production and fuel services. The company possesses strong capabilities in uranium exploration, extraction, processing, and sales, achieving a net income of $171.85 million in 2023. Cameco is dedicated to advancing nuclear energy by providing high-quality uranium fuel components, contributing to the future of global clean energy.

Taxation · 08/13/2025

Form 1122 is the authorization document submitted by a subsidiary to its parent company for combined tax filing, indicating the subsidiary's agreement to be included in the consolidated income tax return for a specific tax year. This document not only ensures the legality of the combined filing but also provides opportunities for tax optimization and enhances financial transparency for the business.

Finance · 07/21/2025

For immigrants over the age of 45, proper retirement planning is crucial. In the U.S., retirement income primarily comes from Social Security, 401(k) plans, and annuities. Each method has its unique advantages, and a well-balanced combination with early planning can ensure future financial stability. Adapting to changing needs and tax situations is essential to achieving economic independence and improving quality of life.

Lawyers · 07/21/2025

Chapter 13 of U.S. bankruptcy law allows individuals with a stable income to repay debts over three to five years, suitable for those facing economic hardship but with a chance for recovery. Under specific conditions, debtors can retain major assets and create a feasible repayment plan. Unfortunately, if they fail to comply with the repayment terms, either the debtor or creditors may file for Chapter 7 bankruptcy.

Taxation · 07/22/2025

This article provides an in-depth analysis of the tax structure options and related management strategies for Limited Liability Companies (LLCs) in the United States. It covers the taxation treatment of sole proprietorships, partnerships, C corporations, and S corporations. Common taxes such as self-employment tax, quarterly estimated tax, and state income tax are explored, alongside practical tax management tips to help business owners maximize their returns.

Taxation · 07/23/2025

This article focuses on reimbursable tax credits, including benefits for low-income families, child tax credits, and the American Opportunity Tax Credit. Taxpayers may receive cash refunds even if they owe no taxes, as many miss refund opportunities by failing to file. It is recommended for everyone to understand the relevant policies to ensure they do not overlook any tax benefits they are entitled to.

Apartment Rental · 07/17/2025

This article explores the rental and management strategies employed by investors after purchasing real estate in the United States. It highlights the pros and cons of self-management versus hiring professional property management companies. Self-management requires an understanding of complex leasing regulations, while professional companies can enhance rental income and significantly reduce management burdens. The article also details the responsibilities and associated costs of propert