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Taxes

Inheriting Korean Assets — Do You Owe US Estate or Gift Tax?

08/09/2026 by DONGHYUN KIM
The Korean Friendship Bell pavilion under a clear blue sky in San Pedro, California.

You inherited money or property in Korea. Here’s what US estate tax actually applies to your Korean inheritance, and the Form 3520 filing most heirs miss.

Categories Taxes

W-2 vs 1099 Contractor — Actual Take-Home Pay Difference Calculated

07/31/202607/31/2026 by DONGHYUN KIM
Salary check paycheck typewriter

W-2 vs 1099 take-home pay compared with real numbers: $150K employee vs $180K contractor. See which pays more after all taxes and deductions.

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Is a Credit Card Bonus Taxable? Your First (Dual-Status) Tax Year Changes the Answer

07/31/202607/30/2026 by DONGHYUN KIM
New credit card with cashback rewards

Is a credit card bonus taxable? The core IRS rule, plus how dual-status filing and your credit file timeline change the answer your first year.

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Streamlined Filing for a Missed FBAR — How to Fix Years of Unfiled Foreign Account Reports Without Criminal Risk

07/31/202607/29/2026 by DONGHYUN KIM
Neatly arranged blue office binders labeled with dates and names for organized storage.

Missed years of FBAR filings on a Korean account? Streamlined filing for FBAR can fix the past without triggering criminal exposure.

Categories Taxes

When Your Company Pays Green Card Fees — Why That Is Taxable Income

07/29/2026 by DONGHYUN KIM
Green card and immigration application

Employer-paid green card fees are taxable income on your W-2. Here’s why it happens, what to expect, and how to budget for the tax bill.

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Remote Work for a Korean Company While Living in California — Do You Pay CA Tax?

07/31/202607/23/2026 by DONGHYUN KIM
Remote Work for a Korean Company While Living in California — Do You Pay CA Tax?

California remote work for a Korean company? The CA FTB may still tax your Korean paycheck. Learn the source-income rules, filing steps, and penalties.

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PayPal or Venmo Side Income on a Visa — The Question That Comes Before the 1099-K Threshold

07/31/202607/22/2026 by DONGHYUN KIM
Side Income via PayPal or Venmo — Do You Pay Tax Under $600?

On a visa and getting paid through PayPal or Venmo? The 1099-K threshold isn’t your first question — whether your status lets you earn that money at all is.

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Korean Parents Wired You Money for a Down Payment — Here’s What the IRS Actually Wants From You

07/31/202607/21/2026 by DONGHYUN KIM
Korean Parents Wired You Money for a Down Payment — Here's What the IRS Actually Wants From You

Got a gift from Korean parents for a US home down payment? No income tax owed, but Form 3520 may be required. Here’s the real rule explained.

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The 14-Day Rule: How to Earn Tax-Free Airbnb Income the IRS Already Approved

07/19/2026 by DONGHYUN KIM
Airbnb vacation rental bedroom interior

The 14-day rule lets you rent your home tax-free per year under IRC Section 280A(g) — explained for Korean-American homeowners using Airbnb.

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RSU Double Taxation: The Cost-Basis Mistake vs. the Real Thing for Samsung and LG RSUs

07/31/202607/16/2026 by DONGHYUN KIM
RSU Double Taxation: Why Your W2 Already Covered That Income

RSU double taxation is usually a cost-basis mistake — but Samsung, LG, or Hyundai RSUs can trigger real double taxation. Here’s the fix, with numbers.

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