This week we answer 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.
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
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