Expat Tax Facts and the importance of Tax Planning
Expat Tax Facts are being updated or all out changed throughout the year…
This week we provide Expat Tax Facts for a listener question about the reporting of foreign corporations. We also discuss the importance of planning before your money leaves U.S. soil; and we offer help to those who want to understand the tax implications of the foreign countries they are looking to invest in.
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Key Takeaways:[1:45] Plan your taxes while you are still in the U.S. [4:29] The goal is to correct past mistakes and plan for the future [6:01] Step by step procedures for moving money offshore [8:48] We offer help with understanding the country you want to move to [12:42] Tax codes are already changing for 2017 [16:03] Listener question about disclosing a foreign corporation [18:35] Consider that the penalties could be more than the service costs [20:36] Annual tax reviews [22:15] Conference at the end of January