A few days ago I had some errands to run. It was time to pay for cable, internet and cell phone and we needed groceries. We also needed to replenish our cash reserves at the trusty ATM. The cab dropped us off next to our preferred bank's ATM, and my husband whipped out his card and stepped up to the machine. He punched all the buttons, waited and . . . nothing. Nada. Zip. No message on the screen, just back to the usual "welcome" setting. No Cash for Us at the Local ATM So he tried …
Expat Tax, Tips and Traps
Guest Post from expat CPA Diane Siriani Every day we get questions about the expat tax rules and are always amazed how each situation is always a little different and has a different hurdle to cross. Here are some quick answers to those common difficult questions that come up on a regular basis: Foreign Income Exclusion Can only be taken by filing a return and completing IRS FORM 2555. No return, no exclusion! Foreign Bank Accounts If cumulative balance is $10,000 -- including savings, …
Expats, Prepare and Beware the Tax Man
Dear Future Expats, This is not the column I had planned for today. However, when I got this letter in my mailbox yesterday, I knew I had to share it with you ASAP. It's from Leif Simon of Live & Invest Overseas. I'll have a few further comments at the end. . . "The IRS is grabbing headlines again this week. Unfortunately, this time, it's at the serious expense of a friend of mine, U.S. tax attorney Chris Rusch. "Kathleen and I spent last week with Chris in Medellin. He was a presenter at …
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