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Tuesdays with Morey - Tax Tips®

Tuesdays with Morey Tax Tips provides Tax Tips for people living and or working outside of the United States. These are citizens of the United States that live or work outside of the country and need valuable information on items concerned with filing their United States Tax Returns. Tuesdays with Morey Tax Tips includes information such as off-shore banking accounts and the requirements for filing and declaring these off-shore accounts. Tuesdays with Morey Tax Tips adds great value to those who are still confused on their tax obligations when living or operating a business off-shore.
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Now displaying: August, 2017
Aug 8, 2017

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 best interest. Be sure to err on the side of caution and properly vet the financial company in which you put your trust.

 

If you live offshore and don’t have a qualified team of professionals to help you plan your financial future to get the lifestyle you want, call Glazer Financial. Ask Morey for a free consultation. Or, if you are looking for real estate in Belize, call Macarena Rose, at Rainforest Realty.

 

Key Takeaways:

 

[1:11] A good relationship with the IRS is worth its weight in gold.

[4:37] The FBAR, Form 114 is used to report foreign bank accounts.

[5:48] Special agents with the IRS and the Department of Justice are involved with tax collection.

[7:39] Beware of investing in foreign projects that seem too good to be true.

[9:24] Form 8938 tells the IRS about your foreign investments.

[13:32] Offshore financial planners should be vetted properly.

[15:16] Tax planning and proper reporting of mileage are essential under this administration.

 

Mentioned in This Episode:

Glazer Financial Network

Email Macarena: macarenarose@gmail.com

Tuesdays with Morey on Facebook

Expat Tax Expert

Email Glazer Financial: mglazer@glazerfinancial.com

469-358-2818

972-385-0007

MacarenaRose.com

Rainforest Realty

Aug 1, 2017

Morey and Macarena dish up another exciting episode of Tax Tip Tuesday this week. Morey shares the necessary requirements for reporting your income and tax liabilities to the IRS, should you invest in overseas properties, and Macarena describes the benefits of having a person you can trust on your side.

 

If you live offshore and don’t have a qualified team of professionals to help you plan your financial future to get the lifestyle you want, call Glazer Financial. Ask Morey for a free consultation. Or, if you are looking for real estate in Belize, call Macarena Rose, at Rainforest Realty.

 

Key Takeaways:

[1:12] With a new tax bill on the horizon, it’s time to think about tax alternatives.

[3:04] An FBAR must be filed if you have over 10K in a bank account.

[6:54] Due diligence pays off!

[8:01] Morey’s client has a healthcare issue that may not be addressed by the new tax law.

[10:04] Let’s do away with Obamacare and go back to the free market system.

[12:40] Offshore investing and financing can be a dangerous game if you don't trust your partners.

[15:39] Just because you are in a foreign country doesn't mean there are no laws, no taxes and no important paperwork.

[17:50] Be wary of people who will not give you a referral.

 

Mentioned in This Episode:

Glazer Financial Network

Email Macarena: macarenarose@gmail.com

Tuesdays with Morey on Facebook

Expat Tax Expert

Email Glazer Financial: mglazer@glazerfinancial.com

469-358-2818

972-385-0007

MacarenaRose.com

Rainforest Realty

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