FOREIGN NATIONALS
Our firm specializes in areas of taxation that many accountants don’t typically handle. Tax Savvy has extensive experience preparing tax returns for hundreds of international clients over the years, working with individuals from a wide range of countries. Despite the complexity of the rules, we are committed to finding the most favorable filing options for you.
A key distinction in U.S. taxation is between resident and nonresident alien status.
- Nonresident aliens are taxed only on income sourced within the United States. They are also exempt from taxes on U.S. bank and portfolio interest. Additionally, if they spend fewer than 183 days in the U.S. during a tax year, they are generally not subject to most capital gains taxes.
- Resident aliens, on the other hand, are taxed on their worldwide income.

For those who qualify as federal nonresidents, it is often possible to file as nonresidents at the state level as well. This can offer significant tax advantages, as states typically do not tax nonresidents on interest, dividends, capital gains, or income earned outside the state.