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The Ultimate Guide for Americans Moving to Spain: Visas, Taxes, and Cross-Border Financial Planning By AIO Financial — Fee-Only Fiduciary Financial Planners Spain has quietly become one of the most popular destinations for Americans relocating abroad. The lifestyle is compelling — long lunches, walkable cities, world-class healthcare, sunshine, and a cost of living that, in many regions, runs 20–30% below comparable U.S. cities. But behind that lifestyle is a tax and regulatory system that can blindside Americans who move without proper planning. We work with U.S. expats every week at AIO Financial, and the same patterns keep showing up. People sell investments at exactly the wrong moment. They convert Roth IRAs and trigger Spanish tax bills they didn’t know existed. They open European brokerage accounts and accidentally buy PFICs. They miss the six-month window for the Beckham Law and lose six figures of potential tax savings. None of this is necessary. Almost every cross-border financial mistake we see is preventable with planning that starts twelve to eighteen months before the move — not after the boxes are unpacked in Valencia. This guide walks through what we believe every American family should understand before moving to Spain: the visa landscape after the Golden Visa was eliminated, how Spain actually taxes Americans (including the surprising treatment of Roth IRAs), what to do with your investments before you become a Spanish tax resident, and how to think about banking, currency, and cash transfers across borders. None of this is legal or tax advice for your specific situation, but it should give you a real working framework before you sit down with a cross-border specialist. Why Americans Are Moving to Spain Right Now The reasons people give us are remarkably consistent. They want better work-life balance. They want their kids to grow up bilingual. They’ve watched U.S. healthcare costs spiral and want a system that just works. They’re approaching retirement and the math on living in coastal Spain versus coastal Florida is hard to argue with. A few are motivated by political concerns; many simply want to live somewhere that feels less hurried. What makes Spain particularly attractive compared to other European destinations is the combination of a well-functioning Digital Nomad Visa, a meaningful (if imperfect) tax treaty with the United States, and a cost-of-living advantage that still holds up despite recent inflation. A single person can live comfortably in mid-sized Spanish cities like Valencia, Granada, or Málaga on roughly €1,600–€1,900 per month. Madrid and Barcelona cost more, but still less than San Francisco, Boston, or Seattle. The catch — and this is the part most relocation guides skip — is that Spain has a wealth tax, taxes worldwide income for residents, does not respect the U.S. tax-free status of Roth IRAs, and uses a fiscal-year structure that can leave new arrivals exposed to a full calendar year of Spanish taxation if they cross the 183-day threshold without realizing it. Done well, moving to Spain can be one of the best financial and lifestyle decisions a family makes. Done poorly, it can be a multi-year tax mess. Visa Pathways: What’s Available in 2026 Before any tax planning matters, you need legal residency. Spain offers several pathways for non-EU citizens, and the right one depends on whether you’re working, retired, or have substantial passive income. The Digital Nomad Visa (DNV) The Digital Nomad Visa, introduced under Spain’s 2023 Startup Act, has become the most popular route for working-age Americans. It allows non-EU remote workers — both employees of foreign companies and self-employed freelancers — to live legally in Spain while working for non-Spanish employers or clients. As of 2026, the income threshold is set at 200% of Spain’s Minimum Interprofessional Salary, which works out to approximately €2,850 per month, or roughly €34,200 per year. Most Spanish consulates recommend showing at least €3,000 monthly to account for currency fluctuations. If you’re applying with family, the income requirement increases. You’ll need to demonstrate an additional 75% of the SMI (about €1,035 per month) for your first dependent — typically a spouse — and 25% for each additional family member. A family of four moving together generally needs to show somewhere around €4,400 per month in qualifying income. The DNV initially issues a residence authorization valid for up to three years if applied for from within Spain, or a one-year visa if applied for through a Spanish consulate abroad. It can be renewed for additional periods, allowing total stays of up to five years, after which permanent residency becomes available. Citizenship is generally available after ten years of legal residency for U.S. nationals (two years for citizens of Latin American countries, the Philippines, Andorra, and a handful of others). Other key requirements include having worked with your current employer or clients for at least three months before applying, holding either a relevant university degree or three years of professional experience in your field, working for a company that has been in operation for at least one year, and earning no more than 20% of your income from Spanish sources. The application process typically takes four to five months. One important wrinkle for Americans: the U.S.–Spain Totalization Agreement does not currently cover remote work in the way that some other bilateral agreements do, so the U.S. Social Security Administration rarely issues Certificates of Coverage for DNV applicants. Most U.S. W-2 employees need to either get their employer to set up a Spanish “shadow payroll” arrangement, switch to 1099 contractor status and register as an autónomo (self-employed) in Spain, or accept that they’ll be paying into the Spanish social security system. This is a frequent friction point and is best resolved before the move, not after. The Non-Lucrative Visa (NLV) The Non-Lucrative Visa is the traditional retiree route — and increasingly used by Americans of any age with sufficient passive income. It explicitly does not permit working in Spain or remotely for any employer, which is its main limitation. As of 2026, applicants need to show approximately €2,400 per month (around €28,800 per year) in passive income or savings, with additional financial requirements for dependents. For genuinely retired Americans drawing Social Security, pension income, or living off investment portfolios, this is often the cleanest path. It comes with one substantial caveat that we’ll return to in the tax section: NLV holders are not eligible for the Beckham Law, so they pay full progressive Spanish tax rates on worldwide income from day one. The Golden Visa Is Gone If you’ve been planning around Spain’s Golden Visa — the residency-by-investment program that previously offered residency in exchange for a €500,000 real estate investment — that program ended in April 2025 as part of housing market reforms. New applications are no longer accepted. Existing Golden Visa holders retain their residency, but anyone considering this route now needs to look at alternative visas, or alternative countries (Portugal and Greece still operate similar programs, though Portugal’s no longer accepts real estate). The Highly Qualified Professional Visa For Americans being recruited by Spanish companies for skilled positions, the Highly Qualified Professional (HQP) Visa provides a path tied to a specific job offer. It’s typically valid for two years and renewable, and it qualifies the holder for the Beckham Law tax regime. This is less common for traditional relocation but matters for executives and engineers being hired into Spanish operations. Choosing Among Them In practice, most Americans we work with end up on either the DNV (if working remotely) or the NLV (if retired or financially independent). The choice has significant tax implications down the line, particularly around eligibility for the Beckham Law, which we’ll cover next. The Spanish Tax System: What Americans Actually Pay This is where most pre-move planning gets serious. Spain taxes its tax residents on worldwide income — meaning your U.S. dividends, your rental income from a property in Texas, your capital gains from selling Apple stock, all of it can be subject to Spanish tax. The U.S.–Spain tax treaty and the Foreign Tax Credit prevent most cases of literal double taxation, but the interaction between the two systems creates real planning challenges. When You Become a Tax Resident Spain considers you a tax resident if any one of three things is true: you spend more than 183 days in Spain during a calendar year, your “center of economic interests” is in Spain (meaning your primary income or main assets are there), or your spouse and minor children habitually live in Spain (a rebuttable presumption). The 183-day rule is the most common trigger, and importantly, sporadic absences count toward the total unless you can prove tax residency in another country. This matters because Spanish tax residency is binary and applies to the full calendar year. If you arrive in Spain on July 1 and stay through year-end, you’ve spent 184 days there and you’re a tax resident for the entire year — including January through June, when you were still living in the U.S. Smart timing of the move can save substantial tax. We often recommend arriving after July 2 in a given year, which keeps you under the 183-day threshold for that year and pushes Spanish tax residency to year two. Income Tax Brackets Spanish income tax (IRPF) is progressive and combines a national portion with a regional portion that varies by autonomous community. For 2026, the combined general rates run roughly: Up to €12,450: about 19% €12,451 to €20,200: about 24% €20,201 to €35,200: about 30% €35,201 to €60,000: about 37% €60,001 to €300,000: about 45% Over €300,000: about 47% Investment income — dividends, interest, capital gains, and rental income from investments — is taxed on a separate “savings” schedule: Up to €6,000: 19% €6,001 to €50,000: 21% €50,001 to €200,000: 23% €200,001 to €300,000: 27% Over €300,000: 30% For most American expats earning between €40,000 and €80,000 per year, the effective Spanish tax rate is about 25–33%, which is comparable to or slightly lower than combined U.S. federal and state taxes for the same income. The pain points aren’t usually the standard rates — they’re the wealth tax, the lack of Roth recognition, and Modelo 720 reporting. The Beckham Law: A Major Opportunity Spain’s “Beckham Law” — named for the soccer player who was its early high-profile beneficiary — allows qualifying newcomers to be taxed as non-residents for up to six years, despite physically living in Spain. Under this regime, you pay a flat 24% on Spanish-source employment income up to €600,000 per year (47% on amounts above that), and your foreign income is generally exempt from Spanish taxation. For an American earning €100,000 per year on a Digital Nomad Visa with an employment contract, the Beckham Law saves roughly €10,000 annually compared to standard progressive rates — and the savings grow rapidly at higher income levels. For someone earning €250,000, the savings can exceed €40,000 per year. The Beckham Law has strict requirements. You generally must not have been a Spanish tax resident in the previous five years, you must move to Spain because of an employment contract or to take on a directorship, and — critically — you must elect into the regime within six months of registering with Spanish Social Security. Miss that six-month window and you cannot opt in later. We’ve seen this mistake destroy tens of thousands of euros of potential tax savings. The regime is available to W-2 employees and DNV holders with employment contracts. It is not available to self-employed autónomos in most circumstances, nor to Non-Lucrative Visa holders. This is why your visa choice has such significant tax implications. The Wealth Tax This is the tax that most surprises Americans. Spain’s wealth tax (Impuesto sobre el Patrimonio) is an annual levy on net worth as of December 31 each year. Spanish tax residents pay on their worldwide assets; non-residents only pay on Spanish-located assets. The structure includes a national tax-free allowance of €700,000 per person (which means €1.4 million for a married couple holding assets jointly), plus an additional €300,000 exemption for your primary residence in Spain. Above those thresholds, rates run progressively from 0.2% to 3.5%, depending on total assets and the autonomous community where you reside. Regional variation matters enormously here. Madrid and Andalucía effectively eliminate the wealth tax through 100% regional bonifications, though the national-level Solidarity Tax on Large Fortunes still applies above €3 million in those regions. Catalonia, by contrast, applies the tax in full. If wealth tax exposure is a serious concern for your situation, the autonomous community you choose to live in becomes a meaningful planning variable. There’s also a Solidarity Tax on Large Fortunes, introduced in 2023, that applies to net wealth above €3 million and adds an additional 1.7% to 3.5% on assets above that threshold. It coordinates with regional wealth tax relief to provide a national floor, so even residents of Madrid pay it on assets above €3 million. Roth IRAs in Spain: A Critical Issue Here is one of the most important things for Americans to understand before moving: Spain does not respect the tax-free status of Roth IRAs. Under U.S. law, qualified Roth IRA distributions are entirely tax-free, since contributions were made with after-tax dollars. Spain doesn’t see it that way. The Spanish tax authority (Hacienda) classifies Roth IRA distributions as investment income — specifically, as income from movable capital — and taxes them at savings rates. The taxable portion is generally the gain (the increase in value over your contributions), not the entire distribution, but this still represents a substantial loss of the Roth’s core benefit. A 2022 binding consultation (V1291-22) clarified this treatment, and the same ruling generally requires Roth IRAs to be reported on Modelo 720 and included in wealth tax calculations. The strategic implications are significant. If you have a large Roth IRA and you’re moving to Spain, you may want to consider taking distributions before establishing Spanish tax residency, while distributions are still tax-free in both countries. After becoming a tax resident, every Roth IRA distribution will likely face Spanish tax on the embedded gains. The same applies to any Roth conversions you might be considering — generally you want these completed before the move, not after. Traditional 401(k) and IRA distributions are treated more conventionally as pension or general income in Spain, and they’re taxable in both countries with foreign tax credits relieving most of the double taxation. The U.S.–Spain treaty was updated by a protocol that entered into force in November 2019, and it improves the treatment of cross-border pensions in several ways, though it does not solve the Roth issue. Capital Gains and Investment Income For Spanish tax residents, capital gains on the sale of most U.S. securities (like stocks held in a brokerage account) are taxable in Spain at savings rates of 19% to 30%. Under the U.S.–Spain treaty, gains on the sale of shares are generally taxed only in the country of residence, with limited exceptions for real estate and substantial shareholdings, so the planning here is relatively clean: if you sell while a U.S. resident, you owe U.S. tax; if you sell while a Spanish resident, you owe Spanish tax. This creates a major pre-move planning opportunity. If you have substantial unrealized gains in your taxable investment accounts, the year before your move is a powerful window. You can harvest gains at U.S. long-term capital gains rates — which top out at 23.8% including the Net Investment Income Tax — rather than at Spanish savings tax rates that run as high as 30% above €300,000 in gains. For a portfolio with $500,000 in unrealized long-term gains, the difference can be tens of thousands of dollars. This is one of the most common planning moves we recommend for clients moving to Spain with appreciated portfolios. The strategy isn’t always to harvest. If you’re moving to a non-Beckham regime and your overall income will push you into Spain’s higher capital gains brackets later, harvesting now may be valuable. If you have low income in Spain and modest gains, the Spanish tax may actually be lower than your U.S. rate. The right answer depends on your specific numbers — which is exactly the kind of cross-border modeling a fee-only planner is well-positioned to do without bias. The Foreign Earned Income Exclusion and Foreign Tax Credit U.S. citizens are taxed on worldwide income regardless of where they live, so you’ll continue filing U.S. returns from Spain. Two main mechanisms prevent literal double taxation. The Foreign Earned Income Exclusion (FEIE), claimed on Form 2555, allows you to exclude up to $130,000 of foreign earned income from U.S. taxation for the 2025 tax year (the limit adjusts for inflation each year). Qualifying requires either the bona fide residence test or the physical presence test (330 full days outside the U.S. in any 12-month period). Importantly, the FEIE only covers earned income — wages and self-employment income — not investment income. The Foreign Tax Credit (FTC), claimed on Form 1116, gives you a dollar-for-dollar credit against U.S. taxes for income taxes paid to Spain. Because Spanish rates often exceed U.S. rates at higher income levels, most expats earning above the FEIE threshold find the FTC works better. Excess credits can be carried back one year and forward ten years. The choice between FEIE and FTC has secondary effects worth understanding. The FEIE can disqualify you from making Roth IRA contributions if it pushes your taxable U.S. income low enough. The FTC preserves earned income for IRA contribution purposes. For families with college-age children, the FEIE can also affect the calculation of education credits. Reporting Obligations: Modelo 720 and FBAR Spanish tax residents must file Modelo 720 each year, declaring foreign accounts, securities, and real estate that exceed €50,000 in any of three categories. The form is informational, not a tax return, but penalties for non-filing have historically been severe (though the European Court of Justice forced Spain to substantially soften them in 2022). The filing window is January 1 through March 31 each year for the prior year’s data. On the U.S. side, you’ll continue to file: FBAR (FinCEN Form 114): required when total foreign accounts exceed $10,000 at any point during the year. Form 8938 (FATCA): required when foreign financial assets exceed $200,000 at year-end or $300,000 at any point during the year for single filers living abroad ($400,000/$600,000 for married filing jointly). Form 8621: required for any PFIC holdings — more on this below. Form 8833: to disclose treaty positions. The reporting load is real but manageable with the right preparer. What gets people in trouble isn’t usually the difficulty of any single form — it’s not knowing the forms exist. Investments: What to Do Before You Become a Spanish Tax Resident This is the single most consequential financial planning area for Americans moving to Spain, and the area where pre-move action matters most. Once you’re a Spanish tax resident, your options narrow considerably. The window before that happens is when most of the high-leverage decisions get made. The Brokerage Account Problem A wave of U.S. brokerage firms — including Vanguard, Fidelity, Morgan Stanley, Merrill Lynch, Edward Jones, Ameriprise, TIAA, USAA, and others — have been restricting or closing accounts of U.S. citizens who update their address to a foreign country. The pace accelerated sharply in 2024 and 2025 as firms tightened compliance with anti-money-laundering and FATCA-related requirements. Some firms close accounts outright; others restrict trading to liquidating positions only; some allow continued holdings but block new purchases. The practical implications for someone planning to move to Spain are: Don’t update your address until you have a plan. Once your firm sees a Spanish address, you may have 30 to 60 days to make decisions under significant time pressure. Identify expat-friendly custodians in advance. Charles Schwab International and Interactive Brokers continue to serve U.S. expats in Spain with relatively few restrictions, and a handful of independent advisory firms maintain relationships with custodians who will hold accounts for U.S. citizens abroad — typically when those accounts are managed by the advisory firm rather than self-directed. Transfer assets in-kind, don’t liquidate. If you’re forced to move accounts, transferring securities directly between custodians avoids creating a tax event. Liquidating into cash can trigger massive unintended capital gains. We spend considerable time at AIO Financial helping clients structure their accounts to remain compliant and accessible from abroad. The best time to do this work is before the move. Why Local European Brokerages Are a Trap for Americans The natural instinct, once you’ve moved to Spain, is to open a Spanish or European brokerage account and invest locally. For non-Americans, this is fine. For U.S. citizens, it’s a tax catastrophe — because of the Passive Foreign Investment Company (PFIC) rules. Under U.S. tax law, virtually any non-U.S. pooled investment vehicle — every European mutual fund, every UCITS ETF, every European-domiciled index fund — is classified as a PFIC. The IRS designed PFIC rules to discourage Americans from investing in foreign funds that the IRS cannot easily audit, and the punishment is severe: PFICs are taxed at the highest ordinary income rates (currently up to 37%) on gains, with interest charges layered on top, and require an annual Form 8621 filing that can take a tax preparer several hours per fund to complete. There’s a Qualified Electing Fund (QEF) election that can avoid the worst of these rules, but it requires the foreign fund to provide an annual PFIC statement with very specific information. Almost no European fund managers produce these for retail investors, so QEF elections are theoretically available but practically impossible. The bottom line is straightforward: as a U.S. citizen living in Spain, you generally need to invest through a U.S. brokerage in U.S.-domiciled funds and ETFs. Buying European funds — even excellent, low-cost European index funds — turns a clean financial picture into a tax disaster. There’s a complicating wrinkle: EU MiFID II regulations restrict EU-resident investors from buying many U.S.-domiciled ETFs, because U.S. fund providers haven’t produced the EU-required Key Information Documents. Most U.S. expats in Europe end up holding individual stocks, ETFs purchased through expat-friendly U.S. brokerages, and pre-existing fund positions. Some use options strategies or structured workarounds. Working with a cross-border advisor who understands which products remain accessible matters here. Pre-Move Investment Moves to Consider Twelve to eighteen months before your move, the following are typically worth analyzing: Harvesting long-term capital gains. As discussed above, U.S. long-term gains rates often beat Spanish savings rates, and once you’re a Spanish resident, every sale potentially triggers Spanish tax. Strategically selling and rebuying appreciated positions in your final U.S. year can lock in U.S. tax treatment. Roth conversions. If you have meaningful traditional IRA balances and you’re not in a high U.S. tax bracket, completing Roth conversions before the move means the conversion is taxed at U.S. rates only. After the move, conversions get more complicated (and the resulting Roth doesn’t get U.S.-style tax-free treatment in Spain anyway). Roth distributions. For older clients with substantial Roth balances who plan to draw on them in retirement, taking distributions before becoming a Spanish tax resident captures the full Roth benefit. Once in Spain, the gain portion of every distribution is taxable. HSA decisions. Health Savings Accounts are not recognized by Spain. The income inside them is potentially taxable annually for Spanish tax residents. Some clients draw down HSAs before the move; others maintain them with the understanding that ongoing reporting and tax will apply. 529 plans. Similar issues. 529 plans aren’t recognized as tax-advantaged in Spain, and depending on the structure, may create ongoing Spanish tax liability. Drawing down 529s for U.S. educational use before the move, or restructuring them, is often part of the plan. Real estate decisions. Selling a U.S. primary residence before the move keeps the Section 121 exclusion ($250,000 single / $500,000 married) cleanly available under U.S. rules. Selling after the move adds Spanish tax considerations and can complicate the exclusion. Renting out the U.S. home while abroad creates ongoing reporting in both countries but can be the right answer for those who plan to return. Trust and estate review. U.S. revocable living trusts are not recognized as transparent in Spain — Spanish tax authorities may treat them as opaque foreign entities, which can create unexpected tax consequences. Estate plans drafted under U.S. assumptions often need substantial revision before a move. Should You Keep Investments in the U.S. or Move Them Abroad? For almost every American citizen moving to Spain, the answer is: keep your investments in the U.S. The combination of PFIC rules, EU MiFID II restrictions on U.S. ETFs, and the comparatively higher costs and lower transparency of European retail investing means that a U.S.-domiciled portfolio held at an expat-friendly U.S. brokerage is almost always the right structure. The exception is if you renounce U.S. citizenship — but that’s a separate, much larger conversation. What changes is what you hold and how you manage it. U.S.-domiciled ETFs and individual stocks remain the foundation. You may need to adjust around currency exposure (more on this below), tax-efficiency rules that differ between the two countries, and the loss of access to certain U.S. mutual funds that don’t allow non-resident purchases. Asset location — what you hold in Roth versus traditional versus taxable accounts — also looks different through a cross-border lens. Currency Considerations One question we get often: should you convert to euros once you move? The honest answer is “it depends on your time horizon and liabilities.” Most retirees and long-term residents in Spain end up with euro-denominated living expenses but dollar-denominated investments. Over time, this creates currency exposure: a 10% drop in the dollar means your investment portfolio buys 10% less in Spain. There are a few approaches we use with clients: Hold a euro cash reserve sufficient to cover 1–2 years of living expenses. This protects against short-term currency movements forcing investment sales at bad prices. Don’t try to time currency markets. Strategic currency hedging at the portfolio level is rarely worth the cost for individual investors. For larger portfolios, consider modest direct euro exposure through ETFs that hold European equities or international developed-market funds. Don’t overdo it — global diversification is good; concentrated currency bets are not. Moving Cash: How to Actually Get Money to Spain Getting funds across the Atlantic has gotten easier in recent years but still has friction points worth understanding. Wire Transfers vs. Money Service Providers Traditional bank wires from a U.S. bank to a Spanish bank work but are typically expensive — fees commonly run $25–$50 per outbound wire from the U.S. side, plus a poor exchange rate that often costs another 1–3% of the amount transferred. For a $100,000 transfer, that’s potentially $3,000+ in spread costs. Specialized providers like Wise (formerly TransferWise), OFX, and Revolut typically offer mid-market exchange rates with much lower fees, often under 0.5% all-in. For larger transfers, a foreign exchange broker can negotiate even better rates, sometimes with a forward contract that locks in the exchange rate for a specific future date — useful when you’re closing on a Spanish property and want to know exactly how many dollars the euro purchase price will cost. For most cross-Atlantic transfers under $250,000, Wise is the simplest and lowest-cost option. Above that, dedicated FX brokers start to make sense. Spanish Bank Accounts You’ll need a Spanish bank account for daily living. The traditional banks (CaixaBank, BBVA, Santander) all offer non-resident accounts you can open before establishing residency, though increasingly they want to see your NIE (Spanish foreigner identification number) or your visa. Newer digital banks like N26 and Revolut are popular with expats for their lower fees and English-language interfaces, though some Spanish landlords and employers still prefer traditional banks. A common approach: open a basic non-resident account at a major Spanish bank for housing transactions and government payments, plus a Wise multicurrency account for receiving USD income and converting to EUR efficiently. Reporting Large Transfers Both U.S. and Spanish authorities track large cross-border transfers. On the U.S. side, transfers over $10,000 are reported automatically by your bank to FinCEN. On the Spanish side, banks report incoming international transfers to the Banco de España and tax authorities. None of this is illegal or problematic — but if you’re moving $400,000 to buy a house in Valencia, expect both sides to know, and don’t structure transfers in ways that look like you’re trying to avoid reporting (which is itself a U.S. federal crime). Cash Buffer for the First Year We typically recommend clients have at least six months — preferably twelve months — of Spanish living expenses available in liquid form before the move, in addition to their long-term investment portfolio. The first year in Spain comes with surprise costs: temporary housing, deposits, immigration fees, legal and tax advisor fees, furniture, car purchases, healthcare deposits. Having a cash buffer means none of this requires selling investments at a bad time or running up debt at unfavorable rates. Healthcare, Insurance, and Social Security Spain has one of the better healthcare systems in the developed world, but accessing it as a new arrival requires planning. Most visa categories require private health insurance during the application process and typically through the first year of residency. Standard policies from companies like Adeslas, Sanitas, and Asisa run €60–€150 per month per person depending on age and coverage level. After establishing residency and (for those working in Spain) contributing to Spanish Social Security, you become eligible for the public system, which is generally excellent. For Americans on Medicare, Medicare does not cover care received in Spain. Some retirees maintain Medicare and pay the Part B premiums in case they return to the U.S.; others let it lapse. Reactivation comes with late-enrollment penalties, so this decision deserves careful thought before it’s made. U.S. Social Security retirement benefits continue to be paid to U.S. citizens living in Spain, and the U.S.–Spain Totalization Agreement helps prevent dual social security taxation for many work situations. Working in Spain also generates Spanish social security credits that may eventually qualify you for Spanish retirement benefits, though qualification typically requires fifteen or more years of contributions. Estate Planning Across Borders This is the area most often deferred — and most often regretted. U.S. estate plans drafted assuming U.S. residence rarely work cleanly in Spain. Spain has its own inheritance and gift tax (Impuesto sobre Sucesiones y Donaciones) that applies to Spanish residents and to inheritances of Spanish-located assets. National rates run from 7.65% to 34%, with multipliers based on the relationship between the deceased and the beneficiary. Autonomous communities have wide latitude to set their own rates and bonifications, so effective rates vary enormously: in Madrid, Andalucía, and several other regions, close family members pay almost nothing; in others, rates approach the national maximum. Spanish forced heirship rules also differ from U.S. rules. Spain reserves a legitimate portion of an estate for certain heirs (typically children), which can override testamentary wishes expressed in a U.S. will. EU Regulation 650/2012 allows you to elect U.S. (or your nationality’s) law to govern your succession, but this election generally must be made explicitly in your will and is not automatic. Revocable living trusts, the workhorse of U.S. estate planning, are not transparent in Spain. The Spanish tax authority may treat the trust as a separate opaque entity, which can create unexpected income tax during life and complicate inheritance treatment at death. Many cross-border families need to revise or replace their trust structure before the move. Practical recommendations: consult a Spanish abogado experienced in cross-border estate planning before the move. Have a Spanish will (separate from your U.S. will) covering Spanish-located assets. Make explicit choice-of-law elections under EU Regulation 650/2012. Review beneficiary designations on all U.S. accounts to ensure they still make sense. Lifestyle Costs: What Spain Actually Costs in 2026 A rough framework for Spanish living costs in 2026, by region: Mid-sized cities (Valencia, Granada, Málaga, Seville, Zaragoza): A comfortable lifestyle for a single person runs €1,800–€2,500 per month including rent for a one-bedroom in a desirable neighborhood. A couple typically lives well on €3,000–€4,500 per month. Madrid and Barcelona: Add 30–50% to the above. A nice one-bedroom in central Madrid runs €1,400–€2,000 per month; in Barcelona, €1,500–€2,200. Total monthly costs for a single person comfortably range €2,800–€4,000. Coastal premium areas (Marbella, Ibiza, parts of Mallorca): Closer to U.S. coastal city costs, especially in summer months. Expect €4,000+ monthly for comfortable single living, often €6,000+ for couples. Rural and smaller towns: Substantially lower. Many Americans report living comfortably in Spanish villages or small cities for €1,500–€2,000 monthly per person, including rent. These figures cover housing, food, utilities, transport, basic entertainment, and private health insurance. They don’t include big-ticket items like a car purchase, international travel, or major medical events. A Practical Pre-Move Timeline For a hypothetical move twelve to eighteen months in the future, here’s the timeline we generally recommend: T-18 to T-12 months: Strategic planning. Engage a U.S.-side cross-border financial planner and a Spanish abogado/tax specialist. Decide on visa pathway. Begin tax-projection modeling. Identify which U.S. accounts will move and which custodians can serve you abroad. Begin Spanish language study if you haven’t already. T-12 to T-9 months: Big financial moves. If indicated, complete Roth conversions. Begin strategic gain harvesting in taxable accounts. Review 529 and HSA balances for pre-move decisions. Decide on U.S. real estate (sell, rent, or hold). Update estate documents. T-9 to T-6 months: Visa application. Gather documents, get FBI background check apostilled, prepare income documentation, file the visa application. (Application processing typically takes 4–5 months.) T-6 to T-3 months: Logistics. Arrange international moving company. Begin planning what to ship versus sell versus store. Open expat-friendly U.S. brokerage account if needed. Open Spanish non-resident bank account if possible. Identify Spanish housing for the first 3–6 months. T-3 months to move date: Execution. Final tax planning moves. Cancel U.S. utilities, services, insurance. Notify employer if working remotely. Confirm all Spanish appointments (NIE, padrón, visa pickup). Time the actual move date for tax efficiency — generally after July 2 in any given calendar year if circumstances permit. T-0 to T+6 months in Spain: Settling in. Register with local padrón. Apply for Tarjeta de Identidad de Extranjero (TIE). Set up Spanish utilities, internet, healthcare. Critically: file Beckham Law election within 6 months of Social Security registration if eligible. Begin Spanish tax registration with AEAT. T+12 months: First Spanish tax return. File first IRPF return for the partial year (if applicable). Review and adjust ongoing tax strategy based on actual income realized. How AIO Financial Works With Cross-Border Clients At AIO Financial, our work with Americans moving to Spain is fundamentally about reducing the cost of bad surprises. We are a fee-only fiduciary firm — meaning we receive no commissions, no kickbacks, no revenue from any product we recommend. Our clients pay us directly, and we work only for them. That structure matters especially for international moves, where the financial services industry’s commission-based incentives often push expats into expensive insurance products and PFIC-laden offshore structures that primarily benefit the salesperson. Our typical engagement with a Spain-bound client involves an initial deep planning phase eight to twelve months before the move, then transition support during the move itself, then ongoing investment management and annual planning review once settled. We coordinate with Spanish tax counsel and U.S. expat tax preparers — we don’t replace them, but we make sure all the pieces fit together. We help clients maintain compliant U.S. brokerage relationships from abroad through our institutional arrangements. We don’t claim to be everything. We’re not Spanish lawyers or accountants. We don’t handle Spanish tax filings ourselves. Spain’s gestores and Spanish tax advisors handle that side of the picture. Our role is the U.S.-side planning and the cross-border coordination — making sure the two systems work together rather than against each other for our clients. The Bottom Line Moving to Spain can be one of the best financial and lifestyle decisions an American family makes. It can also be one of the most expensive, depending on how the planning goes. The difference is rarely about how much money you have — it’s about how much advance planning you do. The tax rates aren’t usually the killer. Spain isn’t dramatically more expensive than the U.S. on income tax for most middle-income families. What costs people money is the avoidable mistakes: missing the Beckham Law deadline, holding the wrong type of investments, triggering U.S. capital gains in Spain when they could have been harvested at home, getting blindsided by Modelo 720 reporting, ending up in a high-wealth-tax region without realizing it. Almost all of these are preventable. The work to prevent them mostly happens twelve to eighteen months before the plane takes off, not after. If you’re seriously considering Spain, the time to start the financial planning conversation is now. AIO Financial is a fee-only fiduciary financial planning firm registered with the SEC, headquartered in Tucson, Arizona, and serving clients virtually across the United States and abroad. We specialize in expat financial planning, sustainable and impact investing, retirement planning, and tax-aware investment management. We earn no commissions, sell no products, and are compensated only by our clients. To discuss your situation, visit aiofinancial.com or contact us at 520-325-0769. This guide is for educational purposes only and is not legal, tax, or investment advice. Tax laws and visa rules change frequently. The figures, thresholds, and rates cited reflect our understanding as of early 2026 and are subject to change. Please consult qualified U.S. and Spanish professionals about your specific situation before making cross-border financial or relocation decisions.

A review of the week's major US international tax-related news. In this edition:  US Congress passes FY'26 budget resolution to prepare targeted budget reconciliation bill – US, Croatia sign tax protocol – Financial institutions should confirm account holders' tax IDs for FATCA and CRS compliance – OECD releases Global Minimum Tax Implementation Toolkit, updated FAQs on GloBE and global minimum tax.

Season 4, Episode 8 - April 2026 The April episode is here. This month we're proudly sponsored by the Almuerzo, Valencia's greatest invention. No corporate sponsor would have us probably, so we went with something we actually believe in. We run through everything we published in March, including our big two-part series on the real running costs of owning a property in Valencia. Part one covers electricity and why Spain's renewable energy story is actually good news for your bills. Part two covers everything else: IBI, gas, water, community fees, internet, insurance, pools, gardens. Real numbers for a city apartment and a house with a pool. We also talk about the property market. Americans now make up around two-thirds of our transactions, which is remarkable. The global chaos, the Iran situation, tariffs, oil prices. None of it has slowed things down here. If anything, it's pushing more people our way. The main interview this month is with Teresa Villaseca, one of our clients who's setting up a business in Valencia helping Americans abroad with their US tax returns. If you're American and thinking of moving here, or you're already here and confused about FBAR, FATCA and why the IRS hasn't forgotten about you, this is essential listening. The US is one of only two countries that taxes citizens on worldwide income regardless of where they live. The other one is Eritrea. Good company to be in US, good company. And we finish with our getting-to-know-the-team segment. This month it's Paul's turn. Can he juggle or ride a unicycle? Can he paint your portrait in oils or your walls with emulsion? And is he really from Cork or is it just an affectation? Links from this episode: Running costs Part 1 (Electricity): https://valencia-property.com/new/2026/03/23/the-running-costs-of-your-valencia-property-part-one-electricity-in-2026/ Running costs Part 2 (Everything else): https://www.valencia-property.com/new/2026/03/30/the-running-costs-of-your-valencia-property-part-two-everything-else/ Teresa Villaseca's TLV Expat Tax: https://www.tlvexpattax.com/ Substack - Why We've Stayed: https://valenciaproperty.substack.com/p/why-weve-stayed Substack - Fallas: The Worst Time of the Year: https://valenciaproperty.substack.com/p/fallas-the-worst-time-of-the-year Substack - What We Don't Do: https://valenciaproperty.substack.com/p/what-we-dont-do Our Substack: https://valenciaproperty.substack.com/ Our Bluesky: https://bsky.app/profile/grahunt.bsky.social Main website: https://www.valencia-property.com Blog: https://www.valencia-property.com/new Mail us at information@valencia-property.com

Moving to the US is an exciting step, but for Indians making that move, the financial complexity can be significant. From Demat accounts and Provident Funds to ULIPs, the assets that made perfect sense back home can quickly become compliance headaches, tax traps, and costly surprises in America. The good news is that with the right guidance – ideally before you arrive – most of these problems are entirely avoidable.    In this episode of Expat Wealth, Richard Taylor – dual UK/US citizen and Chartered Financial Planner – is joined by Manasa Nadig, Enrolled Agent and owner of MN Tax and Business Services, and co-host of the International Money Cafe podcast. Together, they walk through the most common Indian financial assets held by expats in America, what US reporting rules apply to each, and why pre-immigration planning can make the difference between a smooth transition and years of non-compliance.  Richard and Manasa discuss:    The four main Indian asset categories that matter for US tax purposes: Bank accounts, Demat accounts, Provident Funds, and insurance policies each carry different reporting requirements under FATCA and FBAR. Manasa breaks down what each one is, how it maps to more familiar US equivalents, and why simply not knowing about them is no defence with the IRS.    Why Demat accounts and ULIPs may trigger the PFIC problem: Mutual funds and unit-linked insurance policies held in India are typically classified as Passive Foreign Investment Companies under US tax law, bringing punitive tax treatment and complex annual reporting. Richard and Manasa explore why these are so hard to unwind once you are stateside, and why catching people before they arrive is so much more valuable than cleaning up afterwards.    Inheritances, gifts, and real estate – the traps people miss: From inherited property in Mumbai to gold jewellery gifted by grandparents, assets crossing borders often trigger Form 3520 reporting requirements that catch even well-intentioned expats off guard.     Richard and Manasa explain what needs to be reported, what the actual tax consequences are, and why failing to report can be far more costly than the assets themselves.    --    Expat Wealth is supported by Plan First Wealth. Plan First Wealth is a Registered Investment Advisor serving fellow expatriates and immigrants living across the US on matters such as retirement planning, investment management, tax planning and non-US asset management.  https://planfirstwealth.com/    --    Expat Wealth is affiliated with Plan First Wealth LLC, an SEC registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Plan First Wealth does not provide any tax and/or legal advice and strongly recommends that listeners seek their own advice in these areas. 

Jessalyn Dean explains how CARF, CRS, and FATCA overlap and why crypto firms can't treat tax reporting as a standalone compliance exercise.

How to Move to Mexico: Visas, Costs, Taxes, and the Best Places to Live Mexico is one of the most popular countries in the world for Americans who want a lower cost of living, a warmer climate, and a richer day to day culture without moving halfway across the planet. Many expats are retirees, remote workers, or entrepreneurs who find that their money goes further while they gain a more relaxed lifestyle. For someone in the southwestern U.S. (like Arizona), Mexico is especially appealing because you can often drive instead of fly, keep close ties with friends and family, and still feel like you've made a big lifestyle upgrade. This guide walks through why and where to move, what it really costs, how visas work, how Mexican taxes function, when you might owe them, and other real world considerations that don't always show up in glossy travel articles. ________________________________________ Why move to Mexico? People move to Mexico for a mix of financial, personal, and lifestyle reasons. You can open this section with a simple story: for example, a couple selling a house in the U.S., paying cash for a home or condo in Mexico, and cutting their monthly expenses nearly in half while eating better and traveling more. Key motivations to highlight: Lower cost of living Mexico's overall cost of living is significantly lower than in the U.S. Rents in many Mexican cities are substantially cheaper than comparable U.S. cities, groceries and fresh produce are affordable, and services like cleaning, childcare, and home repairs cost far less. A couple who spends 5,000 USD per month in the U.S. can often live comfortably in Mexico on 2,000–3,500 USD per month, depending on city and lifestyle. Proximity and connectivity Unlike moving to Europe or Asia, living in Mexico means you're usually one flight away from your U.S. hometown. Major cities like Mexico City, Guadalajara, Monterrey, Cancún, and Mérida have robust air connections. Internet infrastructure has improved a lot; mid size cities now often have fiber optic service, making remote work highly feasible. Lifestyle and climate variety Mexico is huge and geographically diverse. You can choose from: • Coastal beach towns with surf culture and sunsets • High altitude colonial cities with spring like weather • Mega cities with world class dining, museums, and nightlife • Smaller, artsy towns with vibrant local traditions You get to decide whether you want small town community, cosmopolitan buzz, or something in between. Culture, food, and community You'll never run out of festivals, markets, and regional dishes. For many expats, the biggest upgrade isn't just cheaper rent, but living in a place where there's always music in the plazas, food in the streets, and a sense of community. In many popular locations, there is also an established expat network to help you orient. Healthcare Private healthcare in Mexico is dramatically more affordable than in the U.S. Many expats pay out of pocket for routine care and buy local or international health insurance for major events. In larger cities you'll find modern hospitals and specialists, and in some cases doctors who trained abroad. ________________________________________ Where to move in Mexico Mexico isn't a single experience. Moving to Oaxaca is very different from moving to Mazatlán or Guadalajara. This section should help you “try on” a few places in your imagination. Mexico City Vibe: Big city, cosmopolitan, urban energy. Pros: World class restaurants, museums, art, music, and nightlife; excellent air connections; plenty of coworking spaces and job opportunities with international companies. Cons: Higher rents than many other Mexican cities, traffic and air pollution, security can vary by neighborhood. Mexico City suits people who want an urban life and don't mind density. It works well for younger professionals or creatives, and for remote workers who want big city culture at a lower price than New York, LA, or San Francisco. Guadalajara Vibe: Large city with a strong tech scene and traditional Jalisco culture (mariachi, tequila). Pros: Big city services without quite the chaos of Mexico City, growing startup and tech ecosystem, nearby towns and lakes for weekend escapes. Cons: Some neighborhoods can feel sprawling; traffic is very real; summers can be hot. Guadalajara is a good fit for remote workers and entrepreneurs who want a mix of modern infrastructure and traditional Mexican character. Lake Chapala (Ajijic/Chapala) Vibe: Classic retiree and snowbird destination near a large lake. Pros: Mild climate, large English speaking expat community, social clubs and activities, walkable village feel in places like Ajijic. Cons: Heavy expat presence can make it feel less “Mexican” to some; limited big city amenities compared to Guadalajara. This area is ideal for retirees who want community, comfort, and a gentle pace of life within reach of a major city. San Miguel de Allende Vibe: Picturesque colonial city, artsy, charming, and heavily international. Pros: Beautiful historic center, strong arts and cultural scene, plenty of restaurants and galleries. Cons: One of the more expensive inland cities; tourism and expat presence drive up housing costs. San Miguel appeals to people who prioritize aesthetics, architecture, and culture and are willing to pay a premium. Querétaro Vibe: Clean, orderly, fast growing city with industry and a large middle class. Pros: Safe reputation, good infrastructure, beautiful colonial center, strong job market in manufacturing and services. Cons: Less “touristy charm” in some newer suburbs; housing prices have been rising with growth. Querétaro works well for families and professionals who want a modern, organized city with good schools and services. Puebla Vibe: Historic, livable city with serious food culture and nearby nature. Pros: Gorgeous colonial architecture, famous cuisine (like mole poblano), access to mountains and smaller towns, a mix of traditional markets and modern malls. Cons: Higher altitude and cooler winters than coastal areas; still under the radar for many expats, so less English support than in Lake Chapala or San Miguel. Puebla suits people who love culture, gastronomy, and city life but don't need a huge expat bubble. Oaxaca City Vibe: Cultural and culinary capital with strong Indigenous traditions and arts. Pros: Outstanding food, vibrant markets, year round festivals, access to mountains and rural communities, often lower rents than more famous expat hubs. Cons: Smaller airport and fewer direct international flights; infrastructure can be a bit more rustic compared to megacities. Oaxaca is great for people who want deep culture, don't mind a bit of grit, and prefer authenticity over polish. Mérida and the Yucatán Vibe: Colonial city, family friendly, often cited for safety. Pros: Strong sense of community, rich history, cenotes and beaches nearby, growing expat scene. Cons: Hot and humid much of the year; air conditioning can be essential. Mérida appeals to families, retirees, and anyone who wants a mix of culture and relative safety in a warm climate. Puerto Vallarta / Riviera Nayarit Vibe: Beach town/medium city with a strong expat and LGBTQ+ community. Pros: Ocean, sunsets, whale watching, strong tourism economy, many English speaking services, international airport. Cons: Housing and dining in tourist zones are more expensive; high season crowds; summer humidity. This is an easy landing spot if you want a beach lifestyle and community support from day one. Mazatlán Vibe: Working port city with long beaches and a growing expat presence. Pros: Ocean side living, more “local” feel than some resort towns, improving infrastructure, cost of living that can be lower than in ultra commercial tourist areas. Cons: Humid climate; parts of the city feel industrial; some areas are still rough around the edges. Mazatlán is appealing if you want the Pacific coast without the heavy commercialization and highest prices of places like Los Cabos or Cancún. Place Vibe Big Pros Main Tradeoffs Mexico City Mega‑city Culture, jobs, flights Cost, traffic, pollution Guadalajara Big, traditional Tech scene, culture Sprawl, traffic Lake Chapala Retiree village Mild climate, expat community Fewer urban amenities San Miguel Artsy colonial Beauty, culture Higher housing costs Querétaro Modern, orderly Safety, infrastructure Rising prices Puebla Historic, foodie Cuisine, architecture, nature nearby Less expat support Oaxaca City Cultural hub Food, festivals, affordability Smaller airport, rustic edges Mérida Warm, family‑oriented Safety, history Heat and humidity Puerto Vallarta Beach city Ocean, expat support Tourist prices in key areas Mazatlán Port/beach city More local feel, coast Humidity, some gritty areas ________________________________________ Cost of living in Mexico Readers want numbers, but it's better to provide realistic ranges and examples than a single “magic” figure. Basic cost structure Housing Rents vary wildly by location. A modest one bedroom in a non touristy city might rent for the equivalent of a few hundred dollars per month. In upscale neighborhoods of Mexico City or popular beach towns, modern apartments can cost as much or more than many mid tier U.S. cities. Utilities and internet Electricity is affordable unless you run heavy air conditioning all year, which you might need on the coasts and in the lowlands. Internet and mobile service are reasonably priced, with fiber available in many urban areas. Food and groceries Fresh fruits, vegetables, and staples are cheap, especially if you shop in local markets. Imported items (certain cheeses, specialty products) are more expensive. Eating at local restaurants and street food stalls is inexpensive; high end dining in major cities is still far cheaper than equivalent places in the U.S. Transportation Public transit, taxis, and app based rides are affordable. Owning a car involves fuel, insurance, and maintenance costs, but these are usually lower than in the U.S. You can often live car free in dense cities like Mexico City, Guadalajara, or Puebla. Example monthly budgets (rough, per household) Frugal single in a non touristy city • Rent (studio/1 bed): 400–600 USD equivalent • Utilities and internet: 70–120 • Groceries and local dining: 250–350 • Local transport and misc.: 100–150 • Total: roughly 800–1,200 USD per month Comfortable couple in a mid range city • Rent (nice 2 bed apartment): 700–1,200 USD • Utilities, internet, mobile: 120–200 • Groceries and eating out several times a week: 400–600 • Health insurance (local or international): 200–400 • Transport, entertainment, gyms, etc.: 200–400 • Total: roughly 1,600–2,800 USD per month Beach town or premium neighborhood living In high demand areas (like parts of Puerto Vallarta, San Miguel de Allende, or prime zones in Mexico City), you can easily spend 2,500–4,000 USD per month or more for a couple if you choose modern housing, eat out frequently, and live a more upscale lifestyle. Startup costs Don't forget one time or irregular costs: • Visa fees for temporary or permanent residency • International flights or moving your belongings • First month's rent plus deposit (sometimes more for furnished places) • Basic furniture and household goods if you're not renting furnished • Car purchase or import (if you choose to have one) Encourage readers to arrive with a cash cushion: at least 3–6 months of living expenses plus relocation costs. ________________________________________ Visa options and residency paths Mexico's visa system offers several ways to stay, depending on your plans and finances. Tourist stay Many foreigners enter Mexico as tourists without a visa and receive permission to stay up to a certain number of days (often up to 180 days, but it is not guaranteed). A tourist stay: • Does not allow you to work for Mexican employers • Does not let you access local residency benefits • Is not meant as a long term “back to back” solution Tourist entries are good for exploration trips but not for a full time move. Temporary resident (Residente Temporal) Temporary residency is the most common path for people who want to live in Mexico for more than six months without immediately going permanent. General characteristics: • Usually granted initially for 1 year, with the possibility to renew up to 4 years • Allows you to live in Mexico full time, open local bank accounts, and sometimes get local health coverage • Does not automatically grant permission to work; if you plan to work in Mexico you need work authorization attached to your residency Most temporary residents qualify via financial solvency (proof of income or savings). Typical recent numbers: • Monthly income requirement: roughly in the low to mid 4,000 USD range for the last 6–12 months, depending on the consulate • Savings/investment requirement: often in the high five figures to low six figures in USD equivalent, again varying by consulate Each Mexican consulate sets its own exact thresholds and evidence rules, so readers must always check with the specific consulate where they'll apply. Permanent resident (Residente Permanente) Permanent residency is ideal if you plan to live in Mexico indefinitely. Characteristics: • No need for frequent renewals • Lets you live in Mexico as long as you like • Often used by retirees or those with strong ties to Mexico (like family connections) You can qualify either: • Directly from abroad if you meet higher income or savings requirements, often thousands of dollars more per month than temporary residency; or • By first holding temporary residency for several years (for many, 4 years), then converting to permanent status inside Mexico. Again, the exact thresholds and documentation depend on the consulate and can change year to year. Work visas and business If you plan to work for a Mexican employer or run a Mexican company that needs your presence, you need proper work authorization. Basic ideas: • A Mexican employer can sponsor you for a temporary resident visa with permission to work if they are registered with the immigration authorities. • You cannot legally work in Mexico for a Mexican entity on a tourist visa. • If you intend to start a business (for example, a hotel, restaurant, or tourism operation), you'll need legal and tax advice to structure it correctly and secure the right visa. ________________________________________ Visa process: step by step overview You can treat this as a checklist. 1. Clarify your plan Decide how long you want to stay and whether you'll work, retire, or just live on savings or remote income. That determines whether you need temporary or permanent residency, and whether you need work authorization. 2. Choose a consulate and check requirements Review the website of the Mexican consulate you'll use (near your U.S. residence, for example). Requirements vary: one might emphasize income, another savings; some want 12 months of bank statements, others 6. 3. Gather documents Typical documents include: passport, completed application form, passport photos, bank and/or investment statements, pension or Social Security award letters, marriage or birth certificates if applying with family members. 4. Book and attend the consulate appointment You'll have a short interview, submit your documents, and pay a fee. If approved, the consulate places a visa sticker in your passport, usually valid for a limited period to enter Mexico and “activate” your residency. 5. Enter Mexico and finalize at immigration (INM) Within a set number of days after entering Mexico on your new visa (often 30 days), you must go to your local immigration office, complete forms, pay fees, and provide biometrics to receive your residency card. 6. Renew or convert (for temporary residents) Temporary residents must renew before their card expires, often annually at first. After the allowed number of years, many can convert to permanent residency. Many applicants use a local immigration facilitator or attorney, especially if their Spanish is limited or if they have a more complex case. ________________________________________ How Mexican taxes work This is where readers start wondering, “How much are Mexican taxes, and what do they tax?” Income tax (ISR) Mexico has a progressive income tax called ISR (Impuesto Sobre la Renta) that applies to individuals. For tax residents (people who are considered resident in Mexico for tax purposes): • The system uses progressive tax brackets. • Rates start at low single digits on small incomes (around 1.9%) and rise stepwise. • The top marginal rate is around 35% on high incomes (at several million pesos per year). • Most employment income is taxed through withholding by the employer, with an annual true up in a tax return. For non residents (people who are not tax resident in Mexico but have Mexican source income): • There is usually an exemption for a small initial amount of income. • Above that, one common pattern is 15% tax on mid range income and 30% on higher income, depending on the type and level of income. You don't need to quote exact peso thresholds to readers; it's enough to say that most ordinary incomes are taxed at moderate rates, while high incomes pay up to about 35%. What income do they tax? For Mexican tax residents, Mexico generally taxes worldwide income: • Wages and salaries from Mexican or foreign employers • Self employment and business income • Rental income from property in Mexico or abroad • Interest, dividends, and capital gains • Some pensions and retirement income, depending on the source and treaties For non residents, Mexico usually taxes only Mexican source income: • Income from work physically performed in Mexico • Rental income from Mexican real estate • Business profits from a Mexican business or permanent establishment • Some Mexican source interest and dividends If your readers are U.S. citizens, remind them: they must still file a U.S. tax return even if they also become Mexican tax residents, and they may be able to offset Mexican taxes through tax credits or exclusions. Value added tax (IVA) Mexico's sales tax is a value added tax called IVA. • The standard IVA rate is 16%, applied to most goods and services, including many consumer purchases and professional services. • There is a reduced rate (often around 8%) in certain border regions to promote competitiveness. • Some items are zero rated or exempt: many basic foods, some medicines, exports, certain types of housing, and some education and health services. As a consumer, you see IVA embedded in most prices, much like sales tax in the U.S. For businesses (like a hotel or restaurant), you collect IVA on sales and remit it to the government. Other common taxes and contributions Depending on what you do in Mexico, you might also encounter: • Social security contributions for employees (if you work for a Mexican employer) • Property taxes (predial), which are generally much lower than typical U.S. property taxes on a comparable property • Vehicle registration fees if you own a car You don't need to go into detail here, but it's worth flagging that these exist and are part of the overall tax picture. ________________________________________ Tax examples: retiree, remote worker, and Mexican employed American These simplified examples assume the person has become a Mexican tax resident (over 183 days per year in Mexico and/or center of vital interests in Mexico). Real world outcomes depend on exact numbers, deductions, the current year's brackets, and treaty interpretation, so they are for illustration only and not tax advice. Example 1: Retiree getting 30,000 USD/year in U.S. Social Security Assumptions: • 30,000 USD/year in U.S. Social Security, no other income. • Exchange rate of 18 MXN per USD → 540,000 MXN/year. • Lives in Mexico full time and is treated as a tax resident. Key points: • Foreign pensions, including U.S. Social Security, may need to be reported to the Mexican tax authority (SAT) once you are a Mexican tax resident. • In practice, some advisors and expats find that U.S. Social Security and U.S. retirement distributions are primarily taxed in the U.S., with Mexico focusing more on Mexican source income, but the safest assumption is that Mexico can tax worldwide income and may expect you to declare it. How you might explain it to readers: • If you are a retiree with 30,000 USD/year in Social Security and no other income, you will still deal with U.S. tax rules on that income. • Once you become a Mexican tax resident, Mexico may require you to report that income, but whether they actually tax it depends on treaty rules and how your situation is interpreted. • A cross border tax professional can tell you whether you'll see any Mexican tax on that Social Security or whether your liabilities remain mostly on the U.S. side. Plain English takeaway: retirees living on moderate U.S. Social Security often don't get hammered by Mexican income tax, but they should plan on at least reporting their income and coordinating U.S. and Mexican filings. Example 2: Remote American worker living in Mexico, making 80,000 USD/year from a U.S. employer Assumptions: • 80,000 USD/year salary from a U.S. company, work performed remotely while living in Mexico. • Exchange rate 18 MXN/USD → 1,440,000 MXN per year. • Spends more than 183 days/year in Mexico, so is a Mexican tax resident. Key points: • Mexico taxes its residents on worldwide income, which includes your U.S. salary. • If you are effectively working from Mexico, Mexico views that as Mexican taxable employment or self employment income, even if your employer is in the U.S. Approximate effect: • At around 1.44 million MXN/year, you'll be in higher ISR brackets, facing a top marginal rate of 35% on the upper slice of your income and a blended effective rate likely in the low to mid 20% range, after standard calculations. • You still file a U.S. return every year. • You may use the Foreign Earned Income Exclusion and/or foreign tax credits to prevent being fully taxed twice. If you're a U.S. citizen working remotely from Mexico and earning 80,000 USD/year from a U.S. employer, expect to owe Mexican income tax as a resident and still file a U.S. return. The good news is that, with proper planning, Mexican tax you pay can usually be credited against your U.S. tax so you're not double taxed on the same income. Example 3: American earning 60,000 USD/year from a Mexican employer Assumptions: • American citizen employed by a Mexican company, working in Mexico. • 60,000 USD/year salary → 1,080,000 MXN/year at 18 MXN/USD. • Treated as a Mexican tax resident. Key points: • This is clearly Mexican source employment income. • Your Mexican employer will withhold ISR from your paycheck based on the progressive tables, plus social security and other payroll contributions. • At roughly 1.08 million MXN/year, you're again in higher brackets, with an effective tax rate that can land roughly in the low to mid 20% range, depending on deductions and credits. • As a U.S. citizen, you still file a U.S. tax return but can typically use foreign tax credits and, possibly, the Foreign Earned Income Exclusion to avoid paying full tax twice. If you're an American making about 60,000 USD/year working for a Mexican employer, you'll see Mexican taxes withheld from every paycheck and you'll still file in the U.S., but in many cases the Mexican tax you pay will substantially offset what you owe the IRS. ________________________________________ When do you have to file Mexican taxes? Taxes depend on tax residency, not just on immigration status (visa type). When do you become a Mexican tax resident? Mexico may treat you as a tax resident when: • You spend more than 183 days in Mexico in a calendar year; or • Mexico is the “center of your vital interests,” meaning your main economic or family ties are there (for example, your spouse and minor children live in Mexico and you earn most of your income from Mexican sources). Residency for tax purposes is a legal determination, not just a personal choice, so it's wise to consult a tax professional if you're unsure. Filing and paying For Mexican tax residents: • Individuals generally file an annual income tax return, often in the spring of the following year (recent years use April 30 as a common deadline). • Some types of income require monthly provisional payments. • Employers withhold tax on salary, and banks or brokers may withhold on interest and other income. For non residents: • Mexican tax is often withheld at source by the payer (for example, a Mexican employer or tenant), at the applicable non resident rates. A simple rule of thumb for your readers: • If you spend less than 183 days in Mexico per year and don't earn Mexican source income, you usually don't file a Mexican tax return (but you still file in your home country). • If you live in Mexico most of the year, own a business there, or earn income from Mexican property or employment, expect to deal with Mexican tax returns and possibly to be treated as a tax resident. Always encourage readers to get cross border tax advice, especially U.S. citizens who may need to coordinate U.S. and Mexican returns. ________________________________________ Other important considerations Rounding out the blog with practical and cultural issues makes it feel grounded. Healthcare and insurance • Many expats use a combination of local private healthcare and insurance (either Mexican private plans or international expat policies). • Some long term residents enroll in Mexico's public healthcare system, but quality and access can vary by region. • Before moving, review how your current health insurance will work abroad and plan for major emergencies. Banking and money • Most people keep at least one bank account in their home country and open a Mexican account after they get residency, making it easier to pay rent and utilities. • Money transfer services and online banks can offer better exchange rates and lower fees than traditional bank wires. • U.S. citizens must also be mindful of foreign account reporting requirements (like FBAR and FATCA). Renting vs buying property • Renting first is usually smart. It gives you time to test neighborhoods, understand noise patterns, get a feel for the climate, and decide if you really like the city. • Buying property in Mexico can be attractive, especially in less expensive markets, but there are legal nuances, including special structures (like fideicomisos) for coastal and border properties. • Using a reputable notario (a specialized legal official) and real estate professionals is critical. Safety • Safety in Mexico is highly regional and neighborhood specific. Some places are very comfortable for day to day life, while others have serious security issues. • Research specific cities and neighborhoods, use recent data, and talk to locals and expats on the ground, not just headline news. • As in any country, common sense precautions (knowing where not to go at night, avoiding displays of wealth, learning local norms) go a long way. Language and integration • Learning Spanish is one of the best investments an expat can make. Even basic Spanish opens doors: cheaper local services, smoother dealings with bureaucracy, better relationships with neighbors. • Integration means respecting local customs, supporting local businesses, and avoiding “little bubble” lifestyles where expats only interact with each other. Working or running a business • Anyone planning to run a hotel, restaurant, tour company, or other business in Mexico needs clarity on immigration status, work authorization, and tax obligations. • A business that employs locals (for example, a hotel/restaurant concept in Puebla or a tourism operation in Oaxaca or Mazatlán) can be both profitable and socially impactful, but it requires upfront planning with local lawyers, accountants, and immigration professionals. • Operating “informally” or on a tourist visa can create serious immigration and tax problems.

Brent chats with Christine Alexis Concepción about how Americans in France can strategize around the thorny international tax issues they face. They talk about investing abroad, owning real estate in France, thinking about the cross-border tax world, and planning to succeed. Christine Alexis Concepción is an international tax and estate planning attorney and partner at Concepción Global, with offices in Miami, Madrid, and Paris. She advises high-net-worth individuals, entrepreneurs, and businesses on complex international and domestic tax matters, including income and estate tax planning, U.S. pre-immigration planning, expatriation, FATCA compliance, and multi-jurisdictional reporting. Christine has extensive experience advising individuals and families who have a connection between France and the U.S., guiding them through U.S.–France tax coordination, cross-border business structuring, real estate investing, and international estate planning. Multilingual in English, Spanish and French, Christine serves clients across the United States, Europe, Latin America, Africa, and the Middle East. To learn more about Christine and her work, connect with her on LinkedIn at https://www.linkedin.com/in/christineaconcepcion. This material is for informational purposes only. The views expressed are those of the speaker as of the date noted and not necessarily of the speaker's firm or its affiliates. If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/. Legal Disclaimer: https://wealthandlaw.com/legal-disclaimer/

Is your citizenship a rug pull waiting to happen? We sit down with legal expert Jennifer Harding Marlin (@jh_marlin) to discuss why relying on a single fiat passport is a massive single point of failure. We explore the harsh truth for Americans facing restrictive FATCA banking regulations and why entrepreneurs are forced to renounce US citizenship just to protect their stack and keep their businesses alive.Jennifer breaks down the citizenship by investment industry for those looking to opt out of the system completely. We navigate the maze of golden visa programs available right now to determine where you should plant your flag. From the lightning-fast El Salvador Freedom Visa to traditional Caribbean options we compare the best citadels. She highlights the ability to pay for a new nationality directly in Bitcoin for those looking to exit the fiat banking rails entirely.We also get into the operational security of securing your freedom. You will learn the difference between applying for a temporary digital nomad visa and securing a permanent high-security biometric passport that guarantees global mobility. Jennifer explains how to navigate the bureaucracy of background checks and apostille services to ensure you actually get approved. Subscribe to the channel to build your sovereign portfolio and drop a comment if you would move countries for better money laws-Bitcoin Beach TeamConnect and Learn more about Jennifer Harding:X: https://x.com/jh_marlin YT: https://www.youtube.com/@JenniferHardingMarlincitizen Web: https://jhmarlin.com/ Support and follow Bitcoin Beach:X: https://www.twitter.com/BitcoinBeach IG: https://www.instagram.com/bitcoinbeach_sv TikTok: https://www.tiktok.com/@livefrombitcoinbeach Web: https://www.bitcoinbeach.com Browse through this quick guide to learn more about the episode:00:00  Intro 02:26  How to become a citizenship lawyer in Caribbean 06:50  Best second passport for weak passport holders 09:44  Why American entrepreneurs renounce citizenship FATCA banking 13:15  New citizenship by investment programs 2025 Sao Tome 17:30  El Salvador Freedom Visa processing time vs St Kitts citizenship 22:10  Cheapest vs most expensive citizenship by investment 2025 28:40  Is foreign income tax-free in El Salvador for US expats 33:14  Paraguay vs El Salvador residency requirements for digital nomads 36:50  Can you get citizenship by investment with a criminal recordLive From Bitcoin Beach

In this episode of Swiss Money Secrets, WHVP's Jess Roberson, Jamie Vrijhof-Droese, and Urs Vrijhof-Droese come together to sit down and answer some of the most common questions we hear about Swiss banking for Americans. From the impact of FATCA to the real advantages of opening an account overseas, we break down what's possible today and what clients can expect when considering Switzerland as part of their financial strategy.We walk through the practical side of compliance and onboarding, explaining the documents required, how long the process usually takes, and how Swiss accounts differ from those in the U.S. Our team also discusses account structure, including options for holding multiple currencies, precious metals, and even the possibilities around crypto or IRAs.To round things out, we share our personal perspectives on why we enjoy this line of work, the value of building relationships in a boutique setting, and whether privacy still exists in today's banking world. If you've ever wondered how Swiss banking works for Americans, this conversation offers a clear and candid look behind the scenes.00:00 Intro00:53 Knabenschiessen04:20 Do Swiss banks still take Americans, or has FATCA basically shut that door for us?06:30 Why choose Swiss banking today? What's the real benefit?08:25 How do you determine which bank is the right one for me?11:33 Do I have to travel to Switzerland to open an account?13:01 What does FATCA really mean for Americans… what changes in their day-to-day compared to a normal U.S. account?14:20  Do I need a passport, or can I do it with a driver's license?14:50 What documents are required to do this?14:42 How long does the process take?19:15 Can I actually hold more than just dollars in there? 21:00 Can I hold cryptocurrencies in my account?22:16 Is it possible to send IRAs overseas?24:10 Who makes the investment decisions?28:25 Are the fees for Americans higher? I mean, do I pay a kind of ‘FATCA penalty' just for being a U.S. citizen?32:30 If I wanted to send money in or out of the account, would it raise red flags?33:55 How do I access my money? Partially or fully?37:25 Is there an equivalent to the FDIC?38:30 How did you end up in this line of business?42:30 How is working with a small company different than working with a large company?46:07 OutroContact WHVP:    Website: https://whvp.ch/    Email: info@whvp.ch    Telephone: +41 44 315 77 77    Schedule a Meeting: https://whvp.ch/get-started  About WHVP: WHVP is not just another asset manager. We are an independent firm specializing in managing the funds of private clients. Registered with the SEC in the U.S. and located in Zurich, Switzerland, we are associated with several first-class private banks in Switzerland and Liechtenstein, which serve as custodian banks for our clients' accounts. Our asset management principles are rooted in conservative, long-term-oriented capital preservation strategies. We prioritize personalized service, crafting portfolios that are shielded against U.S. Dollar depreciation while leveraging overseas investment opportunities. Disclaimer: All posts and publications are for your information only and are not intended as an offer, promotion, or solicitation to buy or sell any financial instrument or perform any other financial transactions. All information and opinions expressed in posts and publications reflect our current views as of the date of the publication and may be liable to change without notice.

Send us a textThe invisible chain that follows every American abroad isn't nostalgia—it's the IRS. Unlike citizens of virtually every other nation, Americans must file tax returns no matter where they build their lives, creating a bureaucratic burden that turns paradise into paperwork.This final episode of Leaving America dives deep into the unique tax situation facing U.S. citizens abroad. We explore the Foreign Earned Income Exclusion that shields most expats from actually paying U.S. taxes, but doesn't protect them from the annual filing requirement. We unpack FATCA—the law that turned Americans into toxic banking clients by forcing foreign financial institutions to report directly to the IRS or face severe penalties. Many expats now pay thousands to accountants just to file zero-balance returns.For some, this perpetual tether becomes too much to bear, leading to citizenship renunciation—the ultimate step in cutting ties with America. We walk through this process step by step: the $2,350 fee, the embassy appointment, the potential "exit tax" for higher-net-worth individuals, and what happens to Social Security and Medicare benefits afterward. Is freedom from IRS paperwork worth giving up your blue passport?Throughout the episode, experts like Tim Marting from Citizen Remote, David Lesperance from Lesperance Associates, Adrian Leeds from House Hunters International, and Basil Mohr-Elzeki from Henley & Partners offer insights on navigating these complex waters. We close with reflections from expats who've found their homes abroad, whether they've kept their U.S. citizenship or decided to let it go.Featuring:Tim MartingDavid LesperanceBasil Mohr-ElzekiMatt WilsonKaren McCannRichard McCollTim LeffellAdrian Leeds-------------------------Follow Deep Dive:BlueskyYouTube Email: deepdivewithshawn@gmail.com Music: Majestic Earth - Joystock

In this insightful episode, we explore the foundations of cross-border financial planning, designed specifically for Americans. Whether you're considering living overseas, investing internationally, or planning to retire abroad, understanding how to navigate complex financial landscapes across borders is essential. We dive into what cross-border financial planning really means—managing income, assets, and obligations that span multiple countries—and why it's crucial for maintaining compliance, minimizing tax liabilities, and protecting your wealth.We're joined by special guest John McNertney, founder and owner of Green Ocean Global Advisors, who brings deep expertise in helping Americans manage their finances across borders. John shares real-world insights on avoiding common pitfalls, understanding regulatory requirements, and building a solid, globally integrated financial strategy tailored to individual goals.You'll learn who needs cross-border financial planning, from U.S. citizens living abroad, international entrepreneurs, and Americans married to foreign nationals. We also highlight common and costly mistakes such as failing to report foreign accounts under FBAR and FATCA, investing in non-compliant foreign funds like PFICs, and overlooking estate planning conflicts between legal systems. For those investing offshore, we discuss how to achieve global diversification while staying aligned with U.S. regulations. If you're considering retiring outside the U.S., we cover key factors like local healthcare access, currency management, and how to handle U.S.-based retirement accounts from abroad. Finally, we walk through the first steps toward building a cross-border financial plan—setting clear goals, taking stock of international assets and obligations, and working with professionals who understand both U.S. and foreign financial systems.00:00 Intro00:30 Switzerland's Interest Rate Decision 03:27 Introduction To John McNertney & Green Ocean Global Advisors 06:36 Cross-Border Financial Planning vs. U.S. Financial Planning 08:26 What Is A Cross-Border Financial Plan11:02 Mistakes To Avoid 18:37 Make Sure You Have The Right Partners25:46 Opening An American Mind to International Investing33:33 Initial Steps Of A Financial Plan To Retire Overseas39:54 Final Thought40:52 Outro Webinar with John McNertney, Ryan Ahrens, and Jess Roberson: https://youtu.be/tHl9ZvvczHU?si=GmYFSVEb0tScxTGmLearn more about Green Ocean Global Advisors: https://www.greenoceanglobal.net/Find Green Ocean Global Advisors on YouTube: @greenoceanglobaladvisorsConnect with John McNertney on LinkedIn: https://www.linkedin.com/in/john-mcnertney-cfp%C2%AE-4b14a71/About WHVP: WHVP is an independent asset manager, specializing in managing the funds of private clients. We are registered with the SEC in the U.S. and are located in Zurich, Switzerland. We are associated with several first-class private banks in Switzerland, Liechtenstein, and Austria, which act as custodian banks for our clients' accounts. Our asset management principles are guided by conservative, long-term-oriented capital preservation strategies. Our focus is personalized service. We structure a portfolio that will be insulated against U.S. Dollar depreciation yet capitalize on overseas investment opportunities. Contact WHVP: Website: https://whvp.ch/ Email: info@whvp.ch Telephone: +41 44 315 77 77 Disclaimer: All posts and publications are for your information only and are not intended as an offer, promotion, or solicitation to buy or sell any financial instrument or perform any other financial transactions. All information and opinions expressed in posts and publications reflect our current views as of the date of the publication and may be liable to change without notice.

In this episode, I sit down with international tax expert Alex McGowin of McGowan Tax LLC to talk about what Americans need to know about taxes when moving abroad. Alex breaks down the key things expats often get wrong—like filing requirements, foreign earned income exclusion, and the foreign tax credit—and explains how to avoid double taxation.We also get into specifics like tax implications for employees, remote workers, self-employed expats, business owners, and retirees. Alex shares advice on business structures, how to manage self-employment taxes abroad, and the role of tax treaties and totalization agreements. We also dig into investing for retirement, pensions, Roth IRAs and other investment accounts when you're living abroad!Whether you're freelancing in Europe or considering setting up an LLC while living overseas, this episode is packed with helpful guidance. We also discuss FATCA, FBAR, and DIY tax tools for expats—plus when it's time to bring in a pro.If you're thinking about moving abroad or are already living overseas, this is a must-listen.Find more from Alex at https://mcgowantax.com

Wed, 09 Jul 2025 03:45:00 +0000 https://jungeanleger.podigee.io/2398-borsepeople-im-podcast-s19-20-manuel-kurz 8324025ef3a601ce26095eb4782576b5 Manuel Kurz ist Deputy Head of Member Sales & Business Development bei der Wiener Börse und parallel Prokurist bei der CCPA, die ja 50-Prozent-Tochter der Börse ist. Ganz bewusst habe ich ihn für Sendetermin "9.Juli 2025, der 18. Jahrestag des All-time-Highs im ATX" eingeladen. Wir sprechen über einen frühen Touchpoint zur Börse, weiters über familiären Bezug zur Börse, über spannende erste Jobs bei der UniCredit Bank Austria und der RLB NÖ Wien / RSC, dann vor 13 Jahren den Wechsel zur Wiener Börse. Es geht auch um FATCA, CIIA/CEFA/CPM, wichtige Wegbegleiter:innen, die Bindeglied-Rolle zur CCPA sowie Indexrekorde. Finally auch um die Running Bulls mit Aktiv-Member Manuel. http://www.wienerborse.at https://www.ccpa.at Börsepeople Iris Schatzl Wiener Börse: https://audio-cd.at/page/podcast/5430 Börsepeople Thomas Rainer Wiener Börse: https://audio-cd.at/page/podcast/4910 Börsepeople Wolfgang Aubrunner CCPA: https://audio-cd.at/page/playlist/6697 Börsepeople Kalina Jarova Müller CCPA: https://audio-cd.at/page/playlist/6701 About: Die Serie Börsepeople des Podcasters Christian Drastil, der im Q4/24 in Frankfurt als "Finfluencer & Finanznetworker #1 Austria" ausgezeichnet wurde, findet im Rahmen von http://www.audio-cd.at und dem Podcast "Audio-CD.at Indie Podcasts" statt. Es handelt sich dabei um typische Personality- und Werdegang-Gespräche. Die Season 19 umfasst unter dem Motto „25 Börsepeople“ 25 Talks. Presenter der Season 19 ist die Volksbank https://www.volksbank.at. Welcher der meistgehörte Börsepeople Podcast ist, sieht man unter http://www.audio-cd.at/people. Der Zwischenstand des laufenden Rankings ist tagesaktuell um 12 Uhr aktualisiert. Bewertungen bei Apple (oder auch Spotify) machen mir Freude: http://www.audio-cd.at/spotify , http://www.audio-cd.at/apple . 2398 full no Christian Drastil Comm. 2003

Learn how to navigate gas prices this summer, then hear how to make your money work after retiring early and moving abroad. What's going on with gas prices this summer? How can early retirees turn their savings into income abroad? Hosts Sean Pyles and Elizabeth Ayoola discuss gas price trends and smart investment options for early retirees to help you plan a smoother ride — both on the road and in your financial journey. Joined by NerdWallet's Anna Helhoski and AAA's Aixa Diaz, they begin with a discussion of 2025 gas prices, with tips and tricks on timing your fill-ups, choosing the right fuel blend, and prepping your car for summer travel. Then, Sean and Elizabeth answer a listener's question about how to turn $150,000 in savings into ongoing passive income after achieving FIRE (Financial Independence, Retire Early) and relocating to Spain. They discuss how to balance accessibility with growth through options like CD ladders, T-bills, REITs, and dividend ETFs. They also explore considerations around managing rental properties from abroad, currency risk, and the importance of working with a CPA to avoid tax pitfalls when investing internationally. Use NerdWallet's free compound interest calculator to see how your savings and investment account balances can grow with the magic of compound interest: https://www.nerdwallet.com/calculator/compound-interest-calculator  Dividend aristocrats are stocks that raise their dividends every year. Here's an overview of how to invest in them: https://www.nerdwallet.com/article/investing/top-dividend-aristocrats-list Dividend stocks can be a great choice for investors looking for passive income and portfolio stability. View NerdWallet's list of the best high-dividend stocks and learn how to invest in them: https://www.nerdwallet.com/article/investing/how-to-invest-dividend-stocks  Here's NerdWallet's list of the best ways to send money internationally: https://www.nerdwallet.com/article/banking/best-ways-to-wire-money-internationally  In their conversation, the Nerds discuss: gas prices 2025, summer gas prices, how to save money on gas, why are gas prices rising, AAA fuel cost calculator, road trip cost calculator, gas price trends, crude oil price impact on gas, how to prepare for a road trip, car maintenance for road trips, road trip emergency kit checklist, what affects gas prices, hurricane impact on gas prices, early retirement abroad, how to generate passive income after FIRE, CD ladder strategy, high-yield savings alternatives, best short-term investments, moving to Spain finances, cost of living in Spain vs USA, living off rental income abroad, managing rental property from overseas, REIT vs dividend ETF, opening brokerage account abroad, FATCA rules for expats, real estate income planning, investing while living overseas, treasury bills vs CDs, compound interest calculator, diversifying passive income, financial planning after FIRE, and retiring in your 40s. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

中国人民银行与香港金融管理局于6月20日联合宣布，内地与香港快速支付系统互联互通（下称跨境支付通）将于6月22日正式上线。届时，两地居民仅凭收款方手机号码或银行账户，即可完成小额跨境汇款的实时到账操作，突破传统跨境汇款的时效限制。 当前，首批参与跨境支付通共12家，其中内地机构包括工、农、中、建、交五家国有大行以及招商银行；香港机构包括中银香港、东亚银行、建银亚洲、恒生银行、汇丰香港、工银亚洲，后续将逐步扩大参与范围。 02:13 跨境支付通：6月22号后的转账变革，速度与手续费的双重颠覆！ 05:26 招行和交行的转账体验对比：方便快捷但有限额 10:53 在四大上班，每个月给女儿汇款一万元生活费，养儿育女的现实与劝退 16:23 “信用卡额度限制：生活使用与投资之间的尴尬选择” 21:49 揭开CRS的神秘面纱：中国税务机关如何掌握境外信息 27:16 揭秘FATCA：美国与中国之间的双向信息交换机制 32:48 香港银行卡与人民币支付的便利性：在内地和香港之间的无缝连接 38:16 海外投资的机遇与挑战：普通百姓如何实现资产增值？ 43:42 创业者的必备心态：百万大火 Origin Story 49:10 A股投资策略：技术分析、基本面分析与基本面认知的重要性 54:39 投资理念与经历：在旅途中寻找优质股票的故事 01:00:04 情绪价值与实际收益：理财中的幻觉与现实差距

中国人民银行与香港金融管理局于6月20日联合宣布，内地与香港快速支付系统互联互通（下称跨境支付通）将于6月22日正式上线。届时，两地居民仅凭收款方手机号码或银行账户，即可完成小额跨境汇款的实时到账操作，突破传统跨境汇款的时效限制。 当前，首批参与跨境支付通共12家，其中内地机构包括工、农、中、建、交五家国有大行以及招商银行；香港机构包括中银香港、东亚银行、建银亚洲、恒生银行、汇丰香港、工银亚洲，后续将逐步扩大参与范围。 02:13 跨境支付通：6月22号后的转账变革，速度与手续费的双重颠覆！ 05:26 招行和交行的转账体验对比：方便快捷但有限额 10:53 在四大上班，每个月给女儿汇款一万元生活费，养儿育女的现实与劝退 16:23 “信用卡额度限制：生活使用与投资之间的尴尬选择” 21:49 揭开CRS的神秘面纱：中国税务机关如何掌握境外信息 27:16 揭秘FATCA：美国与中国之间的双向信息交换机制 32:48 香港银行卡与人民币支付的便利性：在内地和香港之间的无缝连接 38:16 海外投资的机遇与挑战：普通百姓如何实现资产增值？ 43:42 创业者的必备心态：百万大火 Origin Story 49:10 A股投资策略：技术分析、基本面分析与基本面认知的重要性 54:39 投资理念与经历：在旅途中寻找优质股票的故事 01:00:04 情绪价值与实际收益：理财中的幻觉与现实差距

Der Podcast beleuchtet, wie der automatische Informationsaustausch (AIA) weltweit funktioniert und welche steuerlichen Folgen er für Investoren hat. Anhand realer Beispiele zeigt Andreas, welche Investitionen meldepflichtig sind – und welche nicht. Dabei wird der strategische Vorteil nicht-börsennotierter, substanzbasierter Investments hervorgehoben.

Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers:https://nomadcapitalist.com/email Join us for the next Nomad Capitalist Live event: https://nomadcapitalist.com/live/ Worried about the future of your wealth in the US? Wealthy Americans are moving hundreds of millions of dollars out of US banks—fearing political instability, capital controls, and rising financial restrictions. In this episode, Mr. Henderson breaks down what's really happening behind the headlines, explains the mistake most people are making, and shares smarter, more strategic ways to diversify your money globally. Nomad Capitalist helps clients "go where you're treated best." We are the world's most sought-after firm for offshore tax planning, dual citizenship, international diversification, and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors. We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country. No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson's Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this episode should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

A review of the week's major US international tax-related news. In this edition: US announces tax agreement negotiations with Taiwan – IRS launches new LB&I pass-through field operations unit, EY's Jeff Erickson chosen to lead – IRS announces new FATCA relief for FFIs – US officials discuss coming changes to CAMT regs – IRS official recommends expanding OECD Treaty Article 25 MAP scope – OECD official offers BEPS IF update.

Tax Planning, Enforcement, and International Taxation Source: Session 3: Tax Planning, Enforcement, and International Taxation Main Themes: Strategic Tax Planning: Utilizing legal provisions to minimize tax liability and maximize after-tax income. This encompasses: Retirement Account Optimization: Leveraging Traditional and Roth IRAs, 401(k)s, 403(b)s, and self-employed plans to defer income and maximize contributions. Tax-Efficient Investing: Investing in vehicles like municipal bonds, tax-deferred accounts, and managing capital gains to reduce tax burdens. Estate Planning: Utilizing gifting strategies and trusts to minimize estate taxes and ensure smooth wealth transfer. Understanding Tax Audits and Enforcement: Knowing the IRS audit process, taxpayer rights, penalties for non-compliance, and the appeals process. Navigating International Taxation: Addressing the complexities of U.S. taxation of worldwide income, double taxation treaties, transfer pricing, and reporting requirements for foreign assets. Keeping Abreast of Recent Tax Law Developments: Staying informed about changes brought by the Tax Cuts and Jobs Act, Inflation Reduction Act, and initiatives targeting the digital economy. Key Ideas and Facts: Tax Planning: "Tax planning is not about evading tax obligations but rather taking advantage of legitimate opportunities provided by the tax code." Retirement accounts offer tax advantages like deductibility of contributions, tax-deferred growth, and potential tax-free withdrawals (Roth IRA). Employer matching in 401(k) plans is "essentially free money." Tax-efficient investments minimize the impact of taxes on returns. Long-term capital gains are taxed at preferential rates compared to short-term gains. Estate planning tools like gifting and trusts help minimize estate tax liability. Tax Audits and Enforcement: The IRS uses various methods to select returns for audit, including random selection, computer screening, and document matching. Red flags that can increase the likelihood of an audit include large charitable contributions, unusually high deductions, and discrepancies between reported income and third-party information. Taxpayers have the right to representation and appeal during an audit. Penalties for non-compliance can be severe, ranging from late filing/payment penalties to accuracy-related penalties and even criminal prosecution for fraud. International Taxation: U.S. citizens and residents are taxed on their worldwide income. The Foreign Earned Income Exclusion (FEIE) and Foreign Tax Credit (FTC) alleviate double taxation for individuals working abroad. Tax treaties prevent double taxation and clarify taxing rights between countries. Transfer pricing rules ensure fair income allocation among related entities in different countries. U.S. taxpayers with foreign financial assets exceeding certain thresholds must file FBAR and comply with FATCA reporting requirements. Recent Developments: The Tax Cuts and Jobs Act (TCJA) lowered the corporate tax rate, increased the standard deduction, and introduced the Qualified Business Income (QBI) Deduction. The Inflation Reduction Act provided tax credits for electric vehicles, energy-efficient home improvements, and imposed a corporate minimum tax. International efforts are underway to address digital economy taxation and implement a global minimum tax. Case Studies: Maria's case: Illustrates the importance of utilizing the FEIE, FTC, and FBAR filing for U.S. citizens living and working abroad. John's case: Demonstrates the value of proper documentation, understanding taxpayer rights, and the potential benefits of the appeals process during an audit. Conclusion: Staying informed about tax law changes, planning strategically, and ensuring compliance are crucial for managing tax obligations effectively. A comprehensive understanding of tax planning, enforcement, and international taxation empowers taxpayers to optimize their financial well-being while minimizing risks. --- Support this podcast: https://podcasters.spotify.com/pod/show/law-school/support

Doug McHoney (PwC's International Tax Services Global Leader) is joined by returning guest Rebecca Lee, a Principal in PwC's Washington National Tax Services Practice where she focuses on complex tax problems and financial transactions in the digital asset space. Doug and Rebecca discuss T.D. 10000, the recently published final regulations dealing with digital assets. They dive into the details of digital assets, including the definition of a digital assets, revisiting non-fungible tokens (NFTs) and blockchain, and the different types of digital transactions. They also cover the background of the final regulations, calculating gains and losses, determining basis, digital asset transaction costs, ordering rules, Form 1099-DA, Notices 2024-56 & 2024-57, and the applicability dates. They finish the podcast with an exploration of how other jurisdictions are approaching cryptocurrencies around the world, touching on FATCA, DAC8 and more. 

How does living abroad impact the taxes an American has to pay? Unlike most countries that tax based on residency, the US employs citizenship-based taxation, meaning Americans are taxed on their global income regardless of where they reside. This unique system creates a web of complexities, including stringent reporting requirements and potential penalties, which can leave many US citizens feeling overwhelmed. In this discussion, Marylouise Serrato from American Citizens Abroad, joins Kyle Hulehan to explore the implications of FATCA for Americans living outside the United States. Together, they'll unpack the compliance hurdles and misconceptions surrounding US tax obligations abroad, offering insights on the future of tax policy and its impact on the global American community.  Links:  https://www.americansabroad.org/Support the Show.Follow us!https://twitter.com/TaxFoundationhttps://twitter.com/deductionpodSupport the show

How does living abroad impact the taxes an American has to pay? Unlike most countries that tax based on residency, the US employs citizenship-based taxation, meaning Americans are taxed on their global income regardless of where they reside. This unique system creates a web of complexities, including stringent reporting requirements and potential penalties, which can leave many US citizens feeling overwhelmed. In this discussion, Marylouise Serrato from American Citizens Abroad, joins Kyle Hulehan to explore the implications of FATCA for Americans living outside the United States. Together, they'll unpack the compliance hurdles and misconceptions surrounding US tax obligations abroad, offering insights on the future of tax policy and its impact on the global American community.  Links:  https://www.americansabroad.org/Support the Show.Follow us!https://twitter.com/TaxFoundationhttps://twitter.com/deductionpodSupport the show

In this episode, David Warren – Co-Founder and Chairman of Bridgeford Trust Company – interviews Enrique Hernandez-Pulido and Raúl Villarreal Garza – Partners at Procopio, an AmLaw 200 corporate and litigation law firm. Enrique and Raúl share insights into Procopio's success and their diverse backgrounds, contributing to a remarkable team of attorneys with licenses in the U.S. and abroad. The discussion focuses on the current political and economic environment in Mexico and the tension clients are experiencing. Enrique and Raúl discuss how Mexican clients are navigating recent developments, including the election in Mexico, which presents both opportunities and concerns. They emphasize the importance of jurisdiction selection and fiduciary duty amid the uncertainty many are feeling. As they conclude, David asks for their views on the strong push for transparency through CRS, FATCA, and CTA, balancing client privacy with regulatory demands. They also discuss the impact of the Pandora Papers and Panama Papers, defending the trust industry's stance on asset protection, privacy versus secrecy, and tax planning versus tax evasion.

In this episode, we discuss the FATCA and CRS Update, CIMA AML Surveys, CIMA Rule and Statement of Guidance on Market Conduct for Trust and Corporate Service Providers and Company Managers, CIMA Policy on Virtual Asset Service Provider ("VASP") Registration and Licensing and the Financial Regulatory Authority ("FRA") Updated SARs Guidance.SPEAKERS:Patrick Head | Partner | +1 345 814 5377 | patrick.head@maples.com | View BioTim Dawson, Partner | +1 345 814 5525 | tim.dawson@maples.com | View bioNikki Wood | Partner | +1 345 814 5463 | Nikki.Wood@maples.com | View bioMichelle Bailey | Senior Vice President - Head of Cayman AEOI | +1 345 814 5711 | Michelle.Bailey@maples.com | View bioRESOURCES:Click here for Episode 14 Presentation slidesTo watch previous episodes of the 15/15 webcasts, Click hereRELATED SERVICES:Maples Group Regulatory and Financial Services AdvisoryWith a depth of experience across all regulated sectors, the Maples Group Regulatory and Financial Services team is positioned to address client needs and sensitivities. We have the largest dedicated Cayman Islands Regulatory and Financial Services team in the offshore market.FOLLOW US: LinkedIn: https://www.linkedin.com/company/maplesgroup/Instagram: https://www.instagram.com/maplesgroup/Twitter: https://twitter.com/maplesgroupFacebook: https://www.facebook.com/maplesgroup/Website: https://maples.com/

In this episode Harriet and Grahame discuss the legal challenges to FATCA and CRS and explain how they feel about the boundaries of what is and what isn't justifiable. FATCA and CRS were introduced in the last decade to mandate exchange of information between banks and foreign tax authorities on the contents of accounts held outside your home jurisdiction. There has long been disquiet amongst professionals about this as an invasion of privacy. A growing number of cases are challenging the legal basis of FATCA and CRS.

Mona, Rebecca and Mark share their 8+ year podcasting journey to episode 200!In this episode, you will be able to:•    Understand the step-by-step process and costs involved in renouncing US citizenship for informed decision-making. •    Discover the tax implications associated with giving up US citizenship and how to strategically plan for them. •    Explore the reasons behind the increasing trend of American renunciations and its potential impact on expatriates. •    Learn about the significance of FATCA and how it affects American expats living abroad. •    Uncover the complexities of dual citizenship and the related tax obligations for expatriates and green card holders.Have a topic or question you would like covered on a future episode of Global Investment Voice?Let us know over at https://globalinvestmentvoice.com/contact/ or using the contact details below.Phone: 212-233-7473Email: info@mshahlaw.comTo discover the show notes on this episode as well as other topics, information, and resources; please head over to https://globalinvestmentvoice.com/podcast/

Join us in welcoming Olivier Wagner, founder of 1040 Abroad, to the show. With increasing interest in Plan B options and international living, especially post-COVID, Olivier offers insights into becoming a global citizen. Discussion highlights include the trend of U.S. citizens renouncing their citizenship due to worldwide income tax obligations, enforced by FATCA and FBAR regulations. Olivier explains tax strategies like the Foreign Tax Credit and Foreign Earned Income Exclusion for expats. He also discusses Mexico as a favorable destination for expatriates due to its relaxed residency and banking requirements. Learn more at https://1040abroad.com/   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

In this episode I took at "Fatca" - the Foreign Account Tax Compliance Act. This particular act was passed in 2010, and means that if you live in America and are involved in its tax system (which I am, thanks to my podcast work) then America wants to tax everything you have, in any country. Only two countries in the world insist on doing this — America… and Eritrea, a country in East Africa. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.webworm.co/subscribe

Mona and Mark are joined by Alexander Marino to discuss the growing trend of Americans renouncing their U.S. citizenship.In this episode, you will be able to:•    Understand the step-by-step process and costs involved in renouncing US citizenship for informed decision-making. •    Discover the tax implications associated with giving up US citizenship and how to strategically plan for them. •    Explore the reasons behind the increasing trend of American renunciations and its potential impact on expatriates. •    Learn about the significance of FATCA and how it affects American expats living abroad. •    Uncover the complexities of dual citizenship and the related tax obligations for expatriates and green card holders.Have a topic or question you would like covered on a future episode of EB-5 Investment Voice?Let us know over at https://mshahlaw.com/contact-us/ or using the contact details below.Phone: 212-233-7473Email: info@mshahlaw.comTo discover the show notes on this episode as well as other topics, information, and resources; please head over to https://mshahlaw.com/Podcast/

A review of the week's major US international tax-related news. In this edition: US Congress returns from August recess after Labor Day – IRS releases proposed regulations on digital asset information reporting – IRS extends FATCA penalty relief for certain dividend equivalent payments – IRS releases Q4 update to 2022-2023 Priority Guidance Plan.

This week we're covering foreign pensions and when there is an FBAR and FATCA reporting requirement.

This week we're covering foreign pensions and when there is an FBAR and FATCA reporting requirement.

We chat with the Executive Director of ACA, Marylouise Serrato about what's new with ACA's advocacy in Washington DC, what is happening with the three bills introduced in the last Congress (Congresswoman Maloney's safe harbor bill for FATCA reporting, her commission bill, and Congressman Beyer's tax filing simplification act); the impact of government and academic studies on advocacy for tax reform; why Congressional hearings are so important; what is going on with the Americans Abroad Caucus; and much more! Visit ACA ACA's Current Write-In Campaigns Join ACA

In the world of compliance, there are two main regulatory approaches: how to do things regulations and how to report things regulations. Depending on the regulation type, the compliance and implementation strategy can be dramatically different. In this episode, we explore how smart fintech companies can leverage a specific regulatory approach to grow and optimize their businesses while minimizing the burden of compliance. We'll also dive deeper into the benefits of the how to do things regulatory approach and how it can help companies optimize their processes and services. If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is.    Today's episode: [00:32] Discussion of the two main regulatory approaches: how to do things regulations and how to report things regulations. [01:49] The types of regulations that provide clarity and a level playing field for companies. [3:26] The differences between regulations on how to do things and how to report things and how companies in the compliance industry view them. [04:19] How regulations aimed at detecting and curbing unwanted behavior can be overly burdensome for companies and individuals. [05:41] Contrasting compliance regulations that offer little value to companies already doing the right thing with regulations that can help a business optimize its processes for growth.  [07:20] Tips for determining whether a regulation is helpful and minimizing compliance efforts. [08:35] An invitation to share your experiences and thoughts on the two types of regulatory approaches discussed.   Show links: Connect with me on LinkedIn here. Learn how to be valued as a FinTech compliance expert! Join our next call: https://yana-afanasieva.mykajabi.com/collective  Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here.

Today on the Expat Money Show, I am going to share a conversation I had last year on The Tom Woods Show. This interview has gotten such a great response since it first aired that I wanted to share it here with you to make sure you didn't miss it. Tom didn't let me off easy and really put me on the hot seat, bringing up a ton of objections that many who are first hearing about the expat lifestyle tend to come up with. Answering Common Expat Objections In this discussion, I respond to some common “black pilled" takes that Tom has heard about the negative side of expatriation, dispelling the notion that the advantages you can achieve outside your country of birth aren't all that great when you break it down. There is no Shangri-La - no perfect libertarian country in the world. It does not exist. But that's not to be said that we can't get more freedom in our lives by being overseas or by jurisdiction shopping. I explain to Tom exactly what FATCA - the Foreign Account Tax Compliance Act -  is and how it works, and why it's even caused some Americans to go as far as to renounce their U.S. citizenship! I address Tom's concern that whatever problems you have in the U.S., they may very well be worse outside the U.S., as was the case in certain countries when it came to COVID restrictions. Tom and I talk about how Americans can utilize the Foreign Earned Income Exclusion to greatly reduce their tax burden while living overseas. I break down the concept of citizenship by investment and how the process typically unfolds for those with substantial funds to invest overseas. I lay out the many reasons to have a second passport, even if you do not plan to live outside your home country! I provide some definitive first steps to take for those that have caught the expat bug and are ready to take their expat journey to the next level. RELATED EPISODES 221: What The World Can Expect In 2023 - Ron Paul 170: Searching For Freedom In Mexico - Marc Clair 093: Why Are People Leaving The USA – Travis Luther PURCHASE THE EXPATS GUIDE TO MOVING TO MEXICO Get your own copy of the Expats Guide on Moving to Mexico and after you read the book, do us a HUGE favour and leave us a great review on Amazon! This is a huge help in getting the book in front of more people. THE EXPAT MONEY SUMMIT We also discussed the Expat Money Summit a bit, and even though this was from last year, we will be doing another summit this year, so you can head to this link and grab a FREE ticket to the largest expat event of the year. CONCLUSION I hope you enjoyed today's conversation on The Tom Woods Show. Tom is an excellent interviewer, and I loved how he pressed me on some of the common objections people who are first learning about the expat lifestyle often hold. These are questions that don't often come up here on the Expat Money Show, where I primarily interview those who are...

Welcome to episode 5 of the American Overseas Podcast I'm Linda Mabelis and in this episode I am talking about the burden of US persons overseas and the initiatives initiated by the organizations Americans Overseas and American Citizens Abroad in search of sustainable solutions for Americans abroad with my guests:Daan Durlacher, experience expert andMarylouise Serrato, executive director of Americans Citizens Abroad.What burden are we talking about? From American expats to coincidental Americans, they are all facing the same issue: and that is having to deal with citizen-based taxation.Please contact us with any questions you may have: support@americansoverseas.orgLinks:When are you considered a US person (and taxable)RSS feedWebsite Americans Overseas, Facebook, Twitter, LinkedinSubscribe: Apple Podcasts, Spotify, Postcastindex

Discussion of recent actions taken by governments in enforcing FATCA and the Common Reporting Standard - CRS.

U.S. Tax Court Chief Judge Kathleen Kerrigan discusses the court's post-COVID transition and case management system, and how the additional funding from the Inflation Reduction Act may be used.Listen to our episode with Judge Foley, "Talking With the Tax Court Chief Judge: A Year of Change."For additional coverage, read these articles in Tax Notes:Company Looks to Reverse Tax Court Software Fee Deduction RulingMedtronic II's Unspecified Method Raises Specific QuestionsTax Court Should Never Have Heard Whistleblower Case, IRS SaysTax Court's Sealed Case Iceberg Will Soon Be Fully ThawedIn our “Editors' Corner” segment, Filippo Noseda, a partner at Mishcon de Reya LLP and a visiting professor at King's College in London, chats about his Tax Notes series on potentially corrupt behavior with FATCA and EU public registers.   Follow us on Twitter:David Stewart: @TaxStewTax Notes: @TaxNotes**This episode is sponsored by 360 Coverage Pros. For more information, visit 360coveragepros.com/taxnotes.This episode is sponsored by SafeSend. For more information, visit safesend.com.This episode is sponsored by the University of California Irvine School of Law Graduate Tax Program. For more information, visit law.uci.edu/gradtax.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner and Audio Engineer: Jordan ParrishGuest Relations: Alexis HartWe want to hear from you, our listeners! To fill out a short, two-minute survey, visit taxnotes.co/podcastsurvey.

A review of the week's major US international tax-related news. In this edition: OECD releases new global tax transparency framework for crypto-assets, amendments to Common Reporting Standard – IRS to request Sponsoring Entities cancel their FATCA agreement if they fail to meet Sponsoring Entity requirements.

Descriptions- EXPAT FILES SHOW #1177 FRI, SEPT 09 (09-09-22)  #1- ANNOUNCING MY WEEK LONG LATIN AMERICAN EXPAT “INSIDER” SEMINAR FOR THE FALL OF 2022: Our event will be held in the Dominican Republic beginning Saturday, Nov 5th thru Friday, Nov 11th 2022. Signup and get full details at www.ExpatPlanB.com  #2- Steps to take as the US slips into 3rd World status:  #3- Can you really learn Spanish well enough to completely understand the local Latinos?  #4- How ridiculous FATCA laws continuously trip up Gringos and Expats: #5- Can fed-up gringos really disappear or fade away by heading south of the border? #6- Consider this, if your goal becoming a “gentleman farmer” gringo: #7- Do you want to get into the exploding Crypto-currency world but don't feel quite confident enough to dive in? Our own Captain Mango has developed a unique one-on-one Crypto consulting and training service (he's been deep into crypto since 2013). To get started, email him at: bewarecaptainmango@gmail.com #8- Be sure to pick up my newly updated, "LATIN AMERICAN HEALTHCARE REPORT": The new edition for 2022 (and beyond) is available now, including the latest "Stem Cell Clinic" info and data and my top picks for the best treatment centers for expats and gringos. Just go to www.ExpatPlanB.com and click on the "Latin American Healthcare Report”.  

In this episode, David Warren – Co-Founder/Chairman of the Board of Bridgeford Trust Company – is back with guest, Joseph Kellogg – Partner/Head of Wealth Planning at WE Family Offices – for part 2 of their discussion on international wealth planning, including more technical issues around information disclosure under CRS, FATCA, and the Corporate Transparency Act. In addition, David and Joe discuss data leaks and how to keep information safe, including Know Your Customer procedures. They conclude with the question of jurisdiction selection and the often-evolving definition of what a family office is.

In this episode, we discuss the laws requiring U.S. taxpayers to report foreign account information and research into the efficacy of those laws.

On today episode of the podcast, I wrap up my Digital Nomad Tax Series with Part III, which covers the Foreign Tax Credit, banking, the Foreign Account Tax Compliance Act (FATCA), and the Foreign Bank and Financial Accounts report (FBARs). Disclaimer: I am not your attorney. The rules outlined below apply differently to everyone based on each individuals' facts and circumstances. This is not legal advice. For more information on the Foreign Tax Credit, click here. To read more about banking, FATCA, and FBARs, click here. This podcast series is based on my five part Digital Nomad blog series, which you can read starting here.

In this episode, David Warren – Co-Founder/Chairman of the Board of Bridgeford Trust Company – sits down with guest, Joseph Kellogg – Partner/Head of Wealth Planning at WE Family Offices – to discuss his take on the evolution of the fiduciary industry and how the U.S. became a jurisdiction of choice. They go on to talk about mandatory information disclosure requirements, including the distinctions between CRS, FATCA, and the Corporate Transparency Act, and the impact of these for those in the international space.

Over the past few years, the IRS has increased its compliance and enforcement efforts focused on payment transactions between US and foreign persons. However, these new information reporting requirements for compliance can be confusing and intimidating for taxpayers. What changes has the IRS made to tax information reporting requirements? On today's episode of the Taxgirl podcast, Kelly is joined by Tara Ferris to talk about the new requirements for tax compliance. Tara is a Principal in the Financial Services Office of Ernst & Young LLP. In this role, Tara advises multinational financial institutions and asset managers on customer tax reporting and withholding. In addition, she focuses on process and control improvements to create efficiencies and reduce risk. Before joining Ernst & Young LLP, Tara served as Senior Counsel and worked on matters relating to FATCA, non-resident alien withholding and reporting, and international aspects of domestic information reporting. Listen to Kelly and Tara discuss tax reporting requirements:There's more emphasis now on reporting requirements, either for US payments to foreign persons or foreign income received by US persons. How has the expansion of information reporting impacted the professional tax practice?  How should tax professionals communicate to their clients and financial institutions that they work with which forums are important, and when they need to issue them? When working with financial institutions with clients who don't wish to be reported, how should tax professionals convince them that they need to give up the data, especially in countries where they may have built their entire system around the idea that it's secret? What should a taxpayer do if they think they're supposed to get a forum and didn't, or that form doesn't come through? Is that something that a taxpayer should have a conversation about with their financial institution or tax professional? Many clients struggle with the idea that they could have a reporting requirement that they aren't aware of or have reporting requirements they didn't even know existed. As a tax professional, how should one advise clients to figure out what those are? Kelly and Tara discuss reporting and the burden on the taxpayer to make sure that that information is correct, keep records, and balance the way they use their tax data. With the recent changes in tax reporting requirements, will taxpayers need to be reeducated on what is taxable and what is not? Are we suffering from an overreliance on tax forms to navigate this new territory? Now that more mainstream financial institutions adopt crypto in various forms, could this make it easier or harder for the IRS to enforce crypto reporting? Tara and Kelly provide their opinions about the long road ahead for crypto reporting and tax preparation. Tara speaks on her predictions of the tax reporting space in the upcoming years. To subscribe to the podcast (it's free!) using Apple, Spotify, or your favorite listening app,https://www.taxgirl.com/taxgirl-podcast/podcast-subscription/ ( click here). Links mentioned:Kelly's Website:http://www.taxgirl.com/ ( Taxgirl) Tara's LinkedIn: https://www.linkedin.com/in/tara-ferris-238670b (Tara Ferris)  EY Tax Operations: https://www.ey.com/en_us/financial-services/customer-tax-operations-reporting-services (Customer Tax Operations and Reporting Services)

Matt Metras, an Enrolled Agent at MDM Financial Services and overall crypto tax expert, joins the show to discuss and demystify the popular question: is crypto staking taxed? Matt outlines the recent Jarrett case that had plenty of crypto enthusiasts asking the question! Plus, Matt answers crypto tax questions from Reddit users: casualty losses, FBAR and FATCA, Roth IRAs, the Economic Substance Doctrine, how to handle 1099s, a potential (but unlikely) De Minimis, wash sales, fair market value versus zero cost basis for airdrops and NFTs, and more! Talk.Bitcoin.Tax (01:55): The Jarrett Case's Effect on Staking Taxes (07:30): A New De Minimis Bill? (10:05): The Current Status of Crypto Wash Sales (14:53): Constructive Receipt – When Do You Own Airdrops? (22:32): Are NFT Airdrops Reportable Income? (24:42): Crypto Casualty Losses – Lost, Stolen, Hacked Crypto (29:24): Dealing With 1099s From Crypto Exchanges (38:05): FBAR and FATCA – How To Report

Welcome back to Powering Your Retirement Radio. This week I am taking off my Investment Advisor, Certified Financial Planner™ hat, and putting on my Enrolled Agent, Marathon Tax Planning hat. I am going to share 10 Tax Facts for 2022. I recently attended a two-day, 16 hours of continuing education tax update session for my tax practice. To say it was fun would be a lie; informative and had lots of good information, without a doubt. Western CPE was the firm offering the classes. The instructors Sharon Kreider, CPA, Karen Brosi, CFP®, EA, and Mark Seid, EA, CP, USTCP, are some of the smart people I know in the tax world. They all also are practicing preparers in addition to instructors. It is impossible to recap the 16 hours in one podcast so I thought I would pull out a Top Ten List of things many people would or should want to know about. Top 10 Tax Facts 1) IRS overwhelmed by calls – 90,000 calls a minute 2) IRS Enforcement is back – Letter usually asks for a reply in 30 days. It takes them 60 days to sort their mail. 3) 3rd Round of Stimulus in March of 2022 – Reporting this correctly, IRS not making adjusts for taxpayers this year 4) Child Tax Credit was increased in 2022, but there is a Double Phase Out to help confuse matters. The advances will be reported on IRS Letter 6149. The CTC Advance will cause problems for divorced parents who swap child deductions yearly. 5) Child and Depend Care Credit was increased. The new total does not have to be spent evenly if you have more than one child. 6) Medical Expense Deductions on Schedule A were permanently lowered to 7.5% of AGI. PPE qualifies for Medical Expenses, and yes, hand sanitizer counts. 7) Student Loan Tax-Free Forgiveness extended through 2025 8) Virtual Currency is receiving increased scrutiny. If you exchanged currency from one coin to another, that is reportable. That is a taxable event if you receive currency without paying for it. 9) Have you moved? Update your address with the IRA on Form 8822 or Form 8822-B for a business 10) Set up an account on IRS.gov. It will establish an ID.me *Bonus* FBAR and FATCA, don't forget to file if you have accounts outside the US. Please listen to the episode to hear more about each topic, or click on the links in this post to read more about the different topics. Thank you for listening. I will talk with you again soon. Until next time stay safe. For more information, please visit the podcast's website: https://poweringyourretirement.com/2022/01/20/top-10-tax-facts-you-should-know-for-2022