Plan to Plan Before You Make A Big Overseas Move
Making a BIG OVERSEAS MOVE???
Plan to Plan Before You Make A Big Overseas Move: Morey and Macarena carve time out of their busy schedule to make sure you know how to keep up with your U.S. taxes when you move overseas, and what you are up against when you realize you haven’t filed in years. This week’s conversation details the deadline for filing the FBAR, how the rules change when the property you are buying is offshore, and recent tax changes.
If you live offshore and don’t have a qualified team of professionals to help you plan your financial
future to get the lifestyle you want, call Glazer Financial. Or, if you are looking for real estate in Belize, call Macarena Rose, at Rainforest Realty.
Key Takeaways:[1:06] How should people plan for the tax year 2017?
[3:04] We are in uncertain times politically and fiscally.
[4:21] The latest bill passed by the House may include a tax implication.
[6:53] Just because you live overseas doesn’t mean you aren’t responsible for your U.S. taxes.
[8:51] Buying and selling properties overseas is different than in the U.S.
[11:44] Glazer Financial has qualified staff members to help you plan.
[12:14] Is it too late to file an FBAR for 2017?
[14:56] Penalties and interest on back taxes can accrue annually.
[17:03] The IRS and the Justice Department can be involved with tax problems.
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