Tax Forms You Need If You have Foreign Assets
Do You Know What Tax Forms You Need?
Tax forms you need if you have foreign assets: On this episode, Morey and Macarena discuss asset protection, and how easy it is for foreign banks to mislead the unprepared foreign investor. In addition to the copious amounts of tax forms required by the IRS, foreign investors may also be required to show proof of their income, and have foreign investments evaluated. The right tax professional can help you to be ready for the next mandate. Call Glazer Financial for your free initial consultation.
[1:08] The government wants to know about all of your offshore assets.
[1:47] The U.S. wants to be able to tax a person’s entire estate when they pass.
[3:02] Foreign investments can be risky. You need to be prepared.
[4:46] Government entities have agents dispersed in all areas of life, looking for inconsistencies.
[6:01] Many times, when people buy gold they don’t know exactly where it came from.
[7:05] Morey knows people who have lost millions of dollars because foreign investment banks are shady.
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