Category: Expat Wealth Management
The Truth About Foreign Mutual Funds & Reasons Expats Should Avoid Them
Sep 13, 2016
I recently co-authored an article with Michael J. DeBlis III, Esq., entitled, Understanding The PFIC Rules And The Implications of Owning Foreign Mutual Funds that appeared in the September 8, 2016 edition of…
QEF (Qualifying Electing Fund) Election For PFIC
Jun 25, 2016
Many banks, investment funds and information material tout a QEF election as the easy way out of escaping the default PFIC treatment. But, it is anything but that. This is based on the…
IRS Form 8621 – WhatExpats Need To Know About This Complex Form
Jun 20, 2016
2015 Form 8621 Changes There was only one change to the 2015 Form 8621that helps reduce duplicative reporting. A new checkbox has been added to page 1 of the 2015 Form 8621 for…
Panama Papers – Practical Info Expats Need To Know
May 04, 2016
All the recent scandal about the Panama Papers and tax havens and shell companies bring to light the hornet’s nest that FATCA has been stirring up. The media makes it sound like having…
IRA Deduction for Expats- See How To Save Money For Retirement
Dec 15, 2015
Traditional IRA Deduction If you make contributions to a traditional IRA, you may be able to take an IRA deduction. The idea behind the IRA deduction, of course, is to encourage people to…
Planning to Save For Retirement Abroad
Jul 07, 2015
Are you participating in an employer-sponsored retirement plan? If your company has one, consider yourself fortunate. But if you’ve been ignoring whatever your company is offering or you don’t have access to an…
A SIMPLE IRA Retirement Plan for Self-Employed Expats
Nov 18, 2014
SIMPLE IRA Plans – Easy To Set Up And Manage Of all the retirement plans available to small business owners, the SIMPLE IRA plan (Savings Incentive Match PLan for Employees) is the easiest…
Benefits of a College Savings Plan – How to Save for College Tax-Free for Expats
Sep 10, 2014
How To Save For College Tax-Free With A College Savings Plan According to a 2014 study published by the Federal Reserve Bank of San Francisco, researchers found that over a lifetime, the average…
Business Retirement Plan Options for Small Businesses
Sep 03, 2014
About A Business Retirement Plan A business retirement plan is a key component for retirement savings for small business owners. They are also an increasingly important tool for attracting and retaining the high-quality…
PFIC for Expats – Punitive Tax Treatment Investing i Foreign Mutual Fund Companies
Jun 01, 2014
Proceed With Caution Before Investing In A Foreign Mutual Funds Before making a foreign investment, taxpayers should proceed with caution and be aware of the punitive tax consequences of investing in foreign mutual…