Simplifying Personal Finance for Immigrants & Foreign Nationals on Work Visas | Founder, Elgon Financial Advisors | @TheImCafe_Pod.
Austin, Texas
Joined July 2020
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Investing For Nonimmigrant Visa Holders: Understanding Visa Types, Investment Challenges, And Tax Implications @MichaelKitces
kitces.com/blog/investing-fo…
Moving to the US on an L-1 visa.
I cover the financial matters (accounts, pensions, estate plans, stocks, etc.) you bring to the US and how the US views them.
linkedin.com/pulse/7-financi…
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PFICs (passive foreign investment companies) are a major issue for foreign-born families with assets abroad. They are taxed punitively, and the tax reporting is a compliance nightmare.
There's a reason your CPA is not thrilled when you mention PFICs.
linkedin.com/pulse/pfics-exp…
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Educating you on how to think about PFICs (Passive Foreign Investment Companies) - for those with overseas accounts.
Thanks, @wealthtender, for the feature.
A new article with 💬 from Jane Mepham published on Wealthtender. @ElgonFinancial
#wealthtenderquotes
wealthtender.com/insights/in…
Disclosure: Wealthtender earns money from financial professionals & advisory firms in exchange for marketing services. This creates a conflict of interest when we favor their promotion over others. Read our editorial policy (wt.reviews/editorial) and terms of service (wt.reviews/terms) to learn more. Wealthtender is not a client of these financial services providers.
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Understand your Immigration status and how that intersects with your finances.
theimcafe.com/podcast/ep-74-…
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UK SIPPs: great for consolidating pensions, terrible for consolidating your peace of mind 📷📷”
We explore the basics of SIPPs, their advantages, and the critical tax implications and reporting requirements for US residents who hold a SIPP.
📣 New Podcast! "Ep 70: What is English for "UK SIPP"?" on @Spreaker #crossborderplanning #foreigngrantortrust #foreignpension #internationalsipp #taxcompliance spreaker.com/episode/ep-70-w…
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First year in the US on a non-immigrant visa.
You don't qualify to use the SPT test (so you file as a non-resident), but you want to file taxes with your resident spouse.
Perfect - IRS has a solution for you - election 6013(h).
Just be ready to include your worldwide income.
📣 New Podcast! "Ep 69: One Cross-Border Marriage and Two Filing Statuses: How The 6013h Election Can Help!" on @Spreaker #6013aelection #crossbordertaxes #irs #nonresidentalien #nonresidenttaxes spreaker.com/episode/ep-69-o…
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We burst a move or two discussing "The Schengen Shuffle" for those digital nomads looking to be in Europe without overstaying their visas.
Stay with the beat, and you'll be fine; otherwise, you could find yourself being booted off the dance floor (Europe) and sent home.
📣 New Podcast! "Ep 68: What Is English For "The Schengen Shuffle"?" on @Spreaker #digitalnomad #europeantravel #immigrationstrategy #schengen #schengenshuffle spreaker.com/episode/ep-68-w…
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Every financial decision you make should be looked at through the lens of your immigration situation.
In this post, we define the immigration status today - have a read and see which one you fall into.
linkedin.com/pulse/intersect…
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Ever danced the Schengen Shuffle?
It’s the only choreography where missing a step gets you fined, not off‑beat.
Learn how digital nomads glide through Europe without overstaying.
(Assumes you track your days like your visa depends on it).
Inspired by a client moving to Europe
📣 New Podcast! "Ep 68: What Is English For "The Schengen Shuffle"?" on @Spreaker #digitalnomad #europeantravel #immigrationstrategy #schengen #schengenshuffle spreaker.com/episode/ep-68-w…
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Jane Mepham, CFP® retweeted
The challenge of "successful" social media marketing is that success often hinges on two distinct but rarely simultaneous goals: reach and conversion. Making matters more difficult, social media platforms are increasingly saturated, making it harder for advisors to stand out without significant time investment or specialized skills in content strategy. kitc.es/4sZa2D3
In this article, Sydney Squires, Senior Financial Planning Nerd, discusses how advisors can overcome this issue by using evergreen content, which retains its relevance regardless of current events or seasonality, and offers a scalable solution to the high soft costs of social media.
Some great social content examples from Dave Haughton, Emily Rassam, Jane Mepham, Ashby Daniels in there 👀👀
#socialmediamarketing #advisormarketing
The State Department has reduced the citizenship renunciation fee by 80% to $450.
To give up your US passport or green card (if you've been in the US for 8 of the last 15 years) will only cost $450 - good deal?
Not so fast - you might still owe an exit tax.
📣 New Podcast! "Ep 66: Before You Expatriate, Understand The Exit Tax" on @Spreaker #estateplanning #exittax #expat #expatriation #taxcompliance spreaker.com/episode/ep-66-b…
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You missed reporting one type of investment income on your taxes last year (from reviewing taxes).
So today, we tell you exactly what kinds of investment incomes you need to report on your taxes.
Interest, dividends, capital gains
How is each generated, reported, & taxed?
📣 New Podcast! "Ep 65: What Is English For "Investment Income"?" on @Spreaker #capitalgains #dividends #interest #investmentaccounts #investmentincome spreaker.com/episode/ep-65-w…
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Jane Mepham, CFP® retweeted
🔁 Did you know you can hire a financial advisor via an ongoing subscription? Get to know subscription-based financial advisors featured on Wealthtender. Currently in the Spotlight (randomly selected): 1️⃣ @ElgonFinancial 2️⃣ @sofiafinancial 3️⃣ Patrick Moore 4️⃣ @dougLPP
#financialadvisorsubscriptions #financialadvisors #financialplanning
wealthtender.com/insights/fi…
Disclosure: Wealthtender earns money from financial professionals & advisory firms in exchange for marketing services. This creates a conflict of interest when we favor their promotion over others. Read our editorial policy (wt.reviews/editorial) and terms of service (wt.reviews/terms) to learn more. Wealthtender is not a client of these financial services providers.
If you don't have one of these tax questions, as a US expat, I'm concerned.
You should.
The top 5 FAQs by US expats on tax obligations (living abroad).
📣 New Podcast! "Ep 64: Your Top 5 Cross‑Border FAQs, Demystified" on @Spreaker #businessabroad #crossbordertaxes #expattaxes #fbar #feie spreaker.com/episode/ep-64-y…
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Receiving an inheritance from overseas can get complicated very quickly.
The US has very specific rules on this - learn more.
elgonfa.com/blog/overseas-in…
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The desire to leave the US is strong. The mechanics are not as easy - start with your why, and then check out these legal options.
linkedin.com/pulse/moving-ou…
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DIIRSP: Because the IRS accepts late homework… sometimes.
Like others in the space, we discuss penalties for missing international filing, but the penalty may not apply if you file right.
Delinquent International Information Return Submission Procedures (DIIRSP).
📣 New Podcast! "Ep 63: What Is English For "DIIRSP"? (Delinguent International Filing)" on @Spreaker #crossbordertaxes #dirsp #foreignaccounts #internationaltaxes #taxcompliance spreaker.com/episode/ep-63-w…
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The IRS cannot read your mind, but they know all about your foreign accounts.
Here is how they do it.
linkedin.com/pulse/does-irs-…
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FBAR & FATCA: The alphabet soup that bites back if ignored.
We explain the importance of compliance with these regulations
The filing requirements for U.S. expats and U.S. tax residents (includes foreign nationals on work visas),
And potential penalties for non-compliance.
📣 New Podcast! "Ep 61: What Is English For "FATCA & FBAR Reporting"?" on @Spreaker #amnestyprograms #fatca #fbar #foreignaccounts #overseasassets spreaker.com/episode/ep-61-w…
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As a visa holder or an expat, can you use the Trump account?
We tell you all about it in our last 2025 episode - (Episode 60).
We go into the details of who, what, and when, and compare them with other investment options available to you.
Have a listen.
📣 New Podcast! "Ep 60: Trump Accounts: US Expats And Visa Holders?" on @Spreaker #birthrightcitizenship #collegefunding #custodialaccounts #foreignnationals #savingaccounts spreaker.com/episode/ep-60-t…
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