EP045: New Rules and Due Dates for Expatriate Taxes.
Listen now
Description
Morey shares crucial details about the changes in due dates for IRS forms 8938 and the FBAR. Expatriates with offshore bank accounts, corporations, or income are required to file forms which disclose international assets. Many banks in foreign countries are denying bank accounts to U.S. citizens because of the reporting required by the U.S. Government. Have you been affected by recent changes? Find out by contacting Glazer Financial.   Key Takeaways: [1:09] Many expatriates don’t believe they have to file U.S. taxes, but they do. [4:35] Do you know what forms to file and when the forms are due? [5:10] The new administration doesn’t know what changes President Trump will make. [5:36] The due dates have changed on the forms, K-1 and 1099. [6:23] The FBAR must be e-filed with your personal tax return. [7:21] FBAR requirements and due date. [9:36] Form 8938 is filed if you have an active corporation or investments. [11:19] Details of foreign income requirements for the IRS. [14:35] How do immigrants in the U.S. handle taxes?   Mentioned in This Episode: Glazer Financial Network Email Macarena: [email protected] Tuesdays with Morey on Facebook Expat Tax Expert Email Glazer Financial: [email protected] 469-358-2818 MacarenaRose.com Rainforest Realty
More Episodes
During this episode, Morey and Macarena stress the importance of having a reliable, professional, and knowledgeable team on your side. Buying international real estate and traversing a foreign country's tax code can be daunting. The right team you can give you peace of mind when making offshore...
Published 10/24/17
During this episode, Morey and Macarena talk about the importance of having an international real estate agent on your side when considering a move offshore and planning your tax strategy before you go. Together Macarena and Morey have helped clients find their dream homes without any surprises...
Published 09/26/17
During this episode, Morey and Macarena talk about the importance of having a good relationship with the IRS, especially if you have offshore investments or bank accounts. Doing business or making investments overseas can trip you up, if you don’t have the right financial planners working in your...
Published 08/08/17