Category: Expat Wealth Management
Passive Foreign Investment Company | Practical Info You Need To Know
Jun 15, 2024
Many portions of the U.S. tax code contain confusing and sometimes harsh rulings. The rules for passive foreign investment companies (PFIC) are incomparable in their complexity and almost draconian features. Countless times, Americans…
7 Smart Tax-Saving Strategies for High-Income Earner Expats
Apr 04, 2024
Earning a high income has advantages, but it can also put you in a higher tax bracket. This means the government takes more of the money you worked hard for. Thus, it is…
Unemployed? 5 Things You Need To Know Before Cashing Out 401(K) EarlyÂ
Feb 02, 2024
Here’s one of the most frequently asked questions I receive about 401(K) withdrawal. ”I recently lost my job, and unfortunately, I don’t have an emergency fund or other financial resources to cover my…
Does Your Credit Score Affect Your Taxes? 5 Important Things Expats Need to Know
Jun 13, 2022
This article will explain the relationship between your taxes and credit score, including how the former may impact the latter – or vice-versa.
Taxation of Cryptocurrency: Here is the Ultimate Guide for Expats
Jun 02, 2022
The Internal Revenue Service (IRS) already has its eyes on cryptocurrency, and according to them, virtual currency is taxable. Learn more about cryptocurrency tax in the infographic and article below.
A Primer on How to Invest as an Expat in a Foreign Country
Jan 05, 2022
Investing can be complicated, especially for U.S. expats. Learn more about the ways on how you can effectively manage foreign investments in this article.
The Truth About Panama Papers Shell Company I What You Need To Know
Nov 23, 2021
Wonder About A Shell Company In light of the recent scandals, you might be wondering yourself if your name came up on the list of “Offshore Billionaires evading taxes”. Truth is, few of…
Everything Expats Need to Know About PFIC’s
Jul 27, 2021
Are you an American expat living or working abroad? You'd want to know about what PFIC is and everything it entails before you purchase shares in a foreign-based corporation.
Form 8621 Filing (PFIC) – Practical Information For Expats
Feb 22, 2021
Form 8621 Purpose A U.S. person that is a direct or indirect shareholder of a passive foreign investment company (PFIC) or qualified electing fund (QEF) files Form 8621: Who Must File The PFIC…
Merrill Lynch Closing Brokerage Accounts for US Expats – Important Info Expats Need To Know
Dec 27, 2016
Merrill Lynch has recently been sending letters to many of their US citizen clients living outside the USA saying that their accounts will be closed as of a certain date in the very…