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Tip of the Day Ditch Your Car

Ditch Your Car - If you live in a community where everything is within a reasonable distance, you need to ask yourself why you are driving a car, which when...

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Non-Residential Alien Tax

Non-Residential Alien Tax – a non –resident alien tax is a government tax of a person, not of this country, income or assets. The non –resident alien tax is divided into two categories.  .effectively connected, and none effectively connected.  Effectively connected income is taxed at a graduated rate, just as resident US citizens are. Taxed.  None effectively connected income is taxed at a flat rate of 30 percent (or lower treaty rate), and the non residents are not allowed any deductions on none effectively connected income.  Non effectively connected is also known as “fixed determinable, annual or periodical (FDAP)

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Definition of the Day Treasury Bill

Definition: A short-term debt obligation issued by the government to finance government activities.  These are commonly referred to as "T-Bills."  They are usually issued in maturities of one, three, or six months.Advice: T-bills are zero-coupon bonds, which mean that they don't pay out interest.  Instead, an investor buys them at...

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