Elgon Financial Advisors

Stop fearing tax extensions - they’re not an audit magnet.

They allow you to fix issues, correct errors, obtain missing tax documents,
and, if you have overseas filing requirements, file them first.

This may allow you to claim foreign tax credits for taxes paid overseas.

Episode 73

🌍 Filing an extension isn’t waving a white flag — it’s playing chess.

Extending tax filing does not mean extending the tax-paying deadline if you owe taxes.

Just because you left the US for another country doesn't mean your state is okay with letting you go

They still want and expect you to pay taxes.

But you can get ahead of this.

Driver’s license, voter reg, old apartment… yes, they’re all watching. 👀

The discussion also covers strategies for cutting ties with states that impose income taxes and the significance of domicile in tax planning, particularly concerning estate taxes.

Every financial decision you make should be looked at through the lens of your immigration situation.

In this post, I define the immigration status today - have a read and see which one you fall into.

It should inform all your life and financial decisions.

The Intersection Of Immigration & Personal Finances - Visa Status Your planning needs to take into consideration your immigration status – this was one of the themes of my recent presentation at the NAPFA spring conference (National Association of Fee-Only Financial Planners). Not everybody understands it - understandable, which is why you want to ask lots of qu...

📅✍️ Digital nomads: Europe is your playground…
…but only if you track your days like your visa depends on it (because it does).
Learn the art of the Schengen Shuffle without stepping on immigration’s toes.

We explain the 90/180-day rule, popular destinations for shuffling, and the importance of tracking travel days to avoid legal issues.