Tuesday Tax Tips with Morey is back, with Morey and Macarena discussing the possibility of a seminar in Mexico and a series of online seminars designed to help expatriates stay compliant and avoid IRS late fees and penalties. In fact, Glazer Financial has been a leader in reducing expat penalties and even eliminating tax penalties for their clients. Contact Macarena with your international real estate inquiries or contact Morey to assist you in planning for your financial future.
Key Takeaways:
[1:18] U.S. tax compliance issues for people moving offshore.
[4:16] A client in Hong Kong must show where his money came from - even if it is just a dividend on a savings account.
[5:50] Tax due dates have been changed. The changes were hidden in a highway bill.
[7:23] There are different individual forms for offshore accounts and assets, including offshore corporations.
[8:00] Glazer Financial has been successful in getting rid of penalties or agreeing to a highly reduced amount.
[10:27] Some people leave the U.S. and give up their citizenship.
[11:32] Will the IRS do away with the Voluntary Disclosure forms?
[14:08] Taxes, international real estate and Mexico make a good combination.
[16:50] Glazer and Macarena may start a series of educational events.
[19:21] How did the IRS hide a 3.8% tax increase in Obamacare?
Mentioned in This Episode:
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