Скачать или смотреть What Is The Closer Connection Exception For US Tax Residency? - Asian American CPA

What Is The Closer Connection Exception For US Tax Residency? Are you a foreign national living or working in the U.S. and wondering how U.S. tax laws might affect you? In this video, we’ll explain the closer connection exception for U.S. tax residency and how it can help you manage your tax obligations. We’ll cover what the substantial presence test is and how it determines your residency status. You’ll learn about the key factors that can help you qualify for this exception, including maintaining stronger ties to your home country and keeping a tax home abroad. We’ll also guide you through the necessary paperwork, such as filing IRS Form 8840, and discuss important deadlines to keep in mind. Additionally, we’ll highlight common situations where this exception is especially useful for Asian American communities with families or businesses overseas. We’ll share tips on keeping detailed records to support your claim and explain other options, like tax treaties, that might help you avoid U.S. residency status. Whether you’re navigating international work or family commitments, understanding this tax rule can simplify your filing process and reduce unnecessary tax burdens. Always consider consulting a tax professional experienced in international tax rules to ensure you’re making the best decisions for your situation.

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About Us: Welcome to Asian American CPA! Our channel is dedicated to providing clear and accessible tax guidance tailored specifically for Asian American communities. We cover essential topics, including tax filing for immigrant families, bilingual tax resources, small business taxes, and understanding U.S. tax laws.