New U.S. Remittance Tax & Visa Fee Rules Explained (2025)
Why This Matters: Cash Out from America Takes a Tax! Effective January 1, 2026, a new 1% tax will be imposed on outgoing remittances, including cash, money orders, and cashier’s checks sent abroad. This applies not only to foreign nationals but also to U.S. citizens and legal immigrants.The tax is part of the recently signed […]
Getting a Tax File Number (TFN) in Australia for International Students
Moving to Australia for your studies is a big step filled with exciting opportunities and important adjustments. From opening a bank account to finding part-time work, understanding how things work in your new country is crucial. At IMFS, we’ve guided thousands of students like you through this journey. As part of our “Life in Australia” […]