Things You Need to Know, If You Are Thinking About Moving Abroad

Thinking About Moving Abroad? Morey and Macarena are together today to share information and to educate expats on how to be responsible with our taxes and to make sure we don’t get a nasty surprise letter from the IRS. Believe it or not, but the IRS does have a game book. It’s important, if you are considering buying international real estate, to know what your tax liabilities are and will be. Plan to plan and be prepared.

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Key Takeaways:

[:56] How do you know what your tax liabilities will be in a foreign country?

[1:52] Expats are required to file U.S. Income Tax returns.

[2:07] If you live outside of the U.S. for over 330 days you may qualify for the Foreign Earned Income Credit.

[3:00] Even missionaries may be eligible for the Foreign Earned Income Exclusion.

[4:11] If you have a grant, trust or foreign corporation, you may have to pay income tax in the U.S.

[4:58] Do you know the rules of the Internal Revenue Services game book?

[5:57] You have to be careful, and be informed, about what taxes you have to pay.

Mentioned in This Episode:

Glazer Financial Network

Email Macarena: Macarena Rose

Tuesdays with Morey on Facebook

Expat Tax Expert

Email Glazer Financial: Morey Glazer

MacarenaRose.com

Rainforest Realty