Tax implications of relocating to the US
Read OriginalThe article details the author's expensive experience with US tax compliance after moving to the US, focusing on the requirement to declare foreign assets like bank accounts and company shares to the IRS. It explains who qualifies as a US tax resident and outlines key pitfalls, such as the aggregate reporting rule for foreign accounts. While framed as a personal story, the content is highly relevant to tech workers expatriating to the US who may have foreign equity or investments.
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