In this episode, Morey and Macarena share important end-of-the-year tax tips for expatriates and soon-to-be expatriates. There is also important year-end tax advice for small business owners, regarding the purchase of office equipment and supplies. Get important tax strategies from experienced lifestyle planners.
[:51] Many important financial decisions need to be made before December 31, 2016.
[2:04] No one knows what tax changes will take place under the Trump administration.
[2:24] If taxes are cut, the savings can be used for advertising and personal care products.
[3:57] Politicians are all the same, and Morey doesn’t approve.
[5:37] Go buy office equipment, furniture, and supplies, before the end of 2016.
[7:21] No one knows what 2017 tax laws and rates will be.
[7:49] Deferring income should be done on January 1st, instead of December 31st.
[8:48] An experienced tax professional should be consulted.
[10:14] Americans living in Belize are unaware they had to file a tax return.
[11:41] Penalties for not filing tax returns can be huge.
[13:12] You have to be working, to get the $100k exclusion.
Mentioned in This Episode:
Glazer Financial Network
Email Macarena: email@example.com
Tuesdays with Morey on Facebook
Expat Tax Expert
Email Glazer Financial: firstname.lastname@example.org