People often visit a foreign country for a quick vacation and then end up falling in love with a piece of real estate. They may feel as if they are doing their research by scouring the internet for information, but without an accountant who can help with tax planning and tax codes they may find themselves in a bind at tax time. Don’t let this happen to you. Let Glazer Financial give you the much-needed expertise you need.
Key Takeaways:
[1:27] The tax rate on passive income is going up by 4% and everyone needs to plan for it.
[7:26] Are people required to pay the same taxes if they move offshore?
[10:30] If you buy a piece of property in another country, then do everything you can to transfer the money in the United States.
[15:58] Does it make sense to incorporate offshore properties?
[17:31] Don’t take internet information at face value. Talk to the experts instead.
Mentioned in This Episode:
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