Mixing Business with Football: Tax Rules for Foreign Executives Attending the World Cup
06/03/2026
A foreign business executive reviewing documents in a luxury suite at a US stadium during the 2026 World Cup. The 2026 FIFA World Cup will be a spectacular global event. Millions of passionate fans will travel to North America for the matches. Furthermore, many international business owners will use this massive opportunity to entertain US
The Influencer’s Guide to the US World Cup: Tax Rules for Foreign Content Creators
06/03/2026
A foreign content creator vlogging outside a stadium in Los Angeles during the 2026 World Cup. The 2026 FIFA World Cup will be a massive event for content creators. Millions of fans will watch your videos from home. Furthermore, you might plan to vlog the matches live. However, you must understand US taxes for foreign
Working Remotely During the World Cup? How to Avoid Triggering US Tax Residency
06/03/2026
A digital nomad working remotely from a cafe in a US host city during the 2026 World Cup. The 2026 FIFA World Cup will bring millions of excited fans to the United States. You might plan to watch thrilling matches in Miami, New York, or Los Angeles. Furthermore, you might decide to work remotely between
What Is “W-2 wage limitation”?
06/02/2026
The W-2 wage limitation is an IRS rule that caps the 20% Qualified Business Income (QBI) deduction for high-income small business owners. When an owner’s personal taxable income crosses a specific threshold, the IRS restricts their maximum tax write-off based on the total W-2 wages the business pays its employees. If a highly profitable company
What Is “Unadjusted basis immediately after acquisition”?
06/02/2026
Unadjusted basis immediately after acquisition (often called UBIA) is an IRS tax term that refers to the original purchase price of a physical business asset on the day you bought it. It includes the raw cost of the property plus additional expenses like sales tax, delivery fees, and installation charges. The IRS tracks this specific
What Is “UBIA of qualified property”?
06/02/2026
UBIA of qualified property stands for the Unadjusted Basis Immediately after Acquisition of eligible business assets. It refers to the original purchase price and setup costs of tangible, depreciable property (like buildings, machinery, or vehicles) used in your business. The IRS tracks this specific number because it can save your 20% Qualified Business Income (QBI)
What Is “ U.S. person ”?
06/02/2026
A “U.S. person” is a broad legal and tax classification used by the Internal Revenue Service (IRS) to identify individuals and entities obligated to follow U.S. tax laws, including reporting global income. This term goes beyond just U.S. citizens; it also encompasses lawful permanent residents (green card holders), individuals who meet tax residency requirements via
What Is “ U.S. citizen ”?
06/02/2026
A U.S. citizen is an individual who is legally recognized as a member of the United States, either by birth on American soil, naturalization, or through American parentage abroad. For tax purposes, the Internal Revenue Service (IRS) classifies all U.S. citizens as domestic taxpayers, which automatically subjects them to the country’s unique tax laws. This
What Is “Treaty tie-breaker rule”?
06/02/2026
The treaty tie-breaker rule is a specific provision found in international tax treaties used to determine a single country of tax residency for individuals who qualify as residents of two countries at the same time. It uses a step-by-step series of personal and economic tests to resolve this conflict, ensuring the taxpayer is not subjected
What Is a Traditional IRA?
06/02/2026
A Traditional IRA is an individual, tax-advantaged account that allows you to save money for retirement using pre-tax dollars, which often provides an immediate tax deduction on your annual return. Once inside the account, your investments grow completely sheltered from annual capital gains and dividend taxes. You only pay income taxes on the funds later