Fyhn Whalen

  • For the week on the upside, the South African rand increased 2.7%, the brand new Zealand dollar 2.0%, the Mexican peso 1.1%, the South Korean received 0.6%, the Canadian dollar 0.5%, the Swedish krona 0.5%, and the Singapore dollar 0.3%. For the week on the draw back, the British pound declined 1.8%, the euro 0.2%, the Brazilian actual 0.2%, the…[Read more]

  • Fyhn Whalen posted an update 2 months ago

    For a foreign national looking to set up a business in the US, the choices of business entity to use look very confusing. Most of the free information about US companies is designed for US residents, and does not take into account the needs of non-residents.

    There are exceptions to this general rule, however. First, note in Chapter Three of…[Read more]

  • Fyhn Whalen posted an update 2 months ago

    A U.S. person may need to report a foreign retirement plan on one or more information reporting forms. The forms which are most commonly associated with tax problems areform 8938 and FBAR.

    FBAR, on the other hand, is required of all US citizens and resident aliens who have fiscal foreign accounts which exceed more than $10,000 at any point…[Read more]

  • Fyhn Whalen became a registered member 2 months, 1 week ago