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DONGHYUN KIM

ITIN Spouse Tax Filing: Why Married Korean-American Couples Are Leaving $5,000+ on the Table

07/31/202607/05/2026 by DONGHYUN KIM
itin_coupled_featured

MFS with a Korean spouse can cost thousands. The NRA spouse resident election (IRC 6013g) lets eligible couples file jointly for the full $29,200 deduction.

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You Wired Money from Korea Legally — So Why Did the IRS Send You a Penalty Notice?

07/07/202607/04/2026 by DONGHYUN KIM
irs_front

Wired Form 3520 Korean real estate proceeds to the US? Filing is required over $100,000, and missing it can mean a 25% penalty. Here’s what to know.

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FBAR vs FATCA: What Korean Americans With Korean Bank Accounts Actually Need to File

07/31/202607/03/2026 by DONGHYUN KIM
Compliance

FBAR vs FATCA are two separate filings with different thresholds and penalties. Here’s what Korean Americans with Korean accounts need to know.

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H1B First Year Taxes: The Dual Status vs. Full-Year Resident Choice That Can Save You Thousands

08/06/202607/02/2026 by DONGHYUN KIM
IRS on the wall.

H1B first year tax filing explained — the First Year Choice election under IRC 7701(b)(4) vs dual status. Know your options before you file.

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You’ve Been Paying a Tax You Don’t Owe on OPT — Here’s How to Get It Back

07/07/202607/01/2026 by DONGHYUN KIM
tax return day

On F1/OPT status? You likely qualify for the FICA exemption, meaning your employer may be withholding Social Security and Medicare taxes you don’t owe.

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Why Your Emergency Fund Has to Come First (Before Anything Else)

07/03/202606/26/2026 by DONGHYUN KIM
$20K emergency fund

Something hit my windshield on the highway last week. A small rock. No big deal, right? Wrong. The repair estimate for my Tesla windshield came back at $1,551. No warning, no time to prepare. Just a bill sitting in my inbox on a Tuesday afternoon. That moment reminded me of something I tell every Korean … Read more

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