IRS Tax Forms : The IRS will be Expecting These Tax Forms if you Live or Own a Business Offshore
FREE Tax Evaluation of past 3 Years of Federal Returns
If you haven’t filed your IRS tax forms or think you may have made a mistake because you didn’t understand the tax code or foreign earned income credits, contact Morey’s office, Glazier Financial today. They will look over your past 3 Federal returns and supply you with an analysis to help you plan for your financial future. In addition, they will make certain you have the necessary tax forms filed. As a US citizen, you have a tax liability for life, no matter where you choose to do business or reside.
Key Takeaways:
[1:14] Morey shares important information for expats
[2:55] Teaching CPAs and attorneys in the pension administration business
[3:33] Determine why you are going offshore
[4:14] Some expats don’t even file tax returns
[5:44] Hidden tax implications in US non-tax related bills
[6:57] Foreign countries want your tax money too
[7:45] The IRS looks at the variances in tax returns
[9:32] A computer may not pick up the same things a tax planner does
[10:29] Foreign income could be considered Subpart F Income
[11:34] The Employee Retirement Income Security Act
[13:36] Foreign tax credits – Which IRS tax forms to use
[16:10] “We don’t disclose” is a thing of the past
[17:20] The Federal Government is expanding what they consider to be a financial institution
[18:14] Do it right the first time
[19:16] Understand the taxes in your foreign country and your tax liability in the US
[20:52] Plan before you move or invest internationally
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