Tuesdays with Morey - Tax Tips®

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 decisions.   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:   [1:14] There is no double taxation in any country. [4:27] Mexican laws are following the trends in the U.S. [5:28] January 2018 could bring big changes for travelers who haven't filed U.S. tax returns. [7:21] Morey cites an article about foreign bank accounts. [9:01] Foreign taxes can offset U.S. taxes. [13:13] You need a great Realtor® to protect your interests in international property sales. [18:03] Macarena has a professional eye and can help with value-based purchases. [20:54] Morey and Macarena have a network of professionals to help with all types of financial issues.   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

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 lurking around the corner.   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:   [:49] Living in Belize has great tax benefits but taxes cannot be avoided. [4:04] Purchasing an offshore property should be done through a certified broker. [8:55] New clients get a free three-year tax review. [10:45] Be sure you plan your tax strategy before making a big investment. [15:08] Glazer Financial can help with the taxes and Macarena helps with the real estate. [16:56] A few of the many factors that go into buying international real estate.   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  

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

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

Morey and Macarena warn expatriates of the dangers of people wanting to help you with your offshore business. Some people have a friendly face but bad intentions. Or, some just don’t know the U.S. tax code and will tell you what you want to hear just to get your hard earned cash. Key Takeaways: [:50] It’s important to stay in contact with your financial planner, especially with all the new changes to the health care changes. [3:24] Expatriates need to be aware of the IRS forms required to avoid being audited. [6:51] Do you have confidence in the people you are doing business with? [8:54] Glazer Financial is a small, trustworthy, international accounting firm. [13:35] Pay your taxes based on your 2016 tax bill. 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