Podcasts about fatca

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

In this episode of the Snowbirds Ex Pats Radio Podcast, Gerry Scott speaks with Greenback's CEO Mike Wallace about the psychological aspects of financial decision-making for expats, common tax-related challenges, such as understanding the complexities of FATCA, FBAR, as it applies to overseas Americans, and how to manage complex tax situations.

Ep #54 With David Caruso, Dominion Advisory Group In this episode of Regulatory Ramblings, David Caruso, a former U.S. Secret Service agent turned global financial crime fighter, shares insights from his 30-year journey in AML and financial crime compliance. With an impressive career, including time as chief compliance officer at Riggs Bank, David recounts his pivotal role in uncovering corruption scandals involving Equatorial Guinea and former Chilean dictator Augusto Pinochet. These investigations sparked significant U.S. regulatory and legal actions, influencing AML enforcement on a global scale. David reflects on the evolution of financial crime compliance, pointing to key regulations like the Bank Secrecy Act, USA PATRIOT Act, and FATCA. He critiques how the increasingly regulatory-driven focus has distracted AML teams from their primary mission. He also shares his concerns about international policy-setting bodies, such as the Financial Action Task Force (FATF), questioning whether new rules are truly effective in preventing financial crime or unintentionally stifling economic growth. The discussion wraps up with David's views on the limited success of sanctions against Russia, the potential of AI in AML/KYC compliance, and his policy recommendations moving forward. David Caruso is the founder and managing director of Dominion Advisory Group, helping banks across the U.S., Europe, and Asia navigate financial crime risk and compliance. With a background as a U.S. Secret Service agent and a degree from George Washington University, he has been at the forefront of shaping financial crime compliance since 1996, advising global institutions and building AML programs at major banks. For more details about the contents of this podcast, please visit: www.hkufintech.com/regulatoryramblingsHKU FinTech is the leading fintech research and education in Asia. Learn more at www.hkufintech.com.

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.

Esta mañana en #Noticias7AM entrevistamos a Mtro. Jorge Alberto Pickett Corona, Abogado Fiscalista y Columnista. Tema: Ley Fatca

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

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/

Join us as we rewind through the treasure trove of offshore wealth management topics covered in 2023. This episode is your gateway to mastering the intricacies of offshore banking, specifically tailored for Americans seeking financial prowess beyond borders.   The episode is a valuable resource for understanding the nuances of the offshore banking world. Subscribe for more expert insights and stay ahead in cross-border wealth management, whether you are an investor or a financial professional! 00:11 Going Beyond Performance: Link to the full discussion ⁠https://youtu.be/ZP5uR4lftpg ⁠ 03:12 Proposed Beneficial Owner Registry in Switzerland with Jessica Schaedler: Link to the full discussion ⁠https://youtu.be/KayxDlNY3ME ⁠ 06:14 The U.S. Bank Crisis & Credit Suisse: Link to the full discussion ⁠https://youtu.be/Cs5zxe5eTWs ⁠ 09:28 Unveiling Swiss Venture Capital: Link to the full discussion ⁠https://youtu.be/hOJ4lVnoYAE ⁠ 11:21 Central Bank Digital Currencies (CBDC) & The Swiss Franc Initiative: Link to the full discussion ⁠https://youtu.be/UxKq_sav7mI ⁠ 14:42 Cook Islands Trusts For Asset Protection: Link to the full discussion ⁠https://youtu.be/c874smLJN9I ⁠ 15:44 USA & China Decoupling And A New World Reserve Currency?: Link to the full discussion ⁠https://youtu.be/jKGOoj5LZxk ⁠ 19:27 BRICS: Are They Destroying The U.S. Dollar's Dominance?: Link to the full discussion ⁠https://youtu.be/5M4K8cLYXSE ⁠ 26:38 A Tale of Two Fiscal Choices: U.S. Debt Ceiling vs. Swiss Debt Brake: Link to the full discussion ⁠https://youtu.be/oVE4-hQxgqE ⁠ 31:19 Moving Offshore With Your Individual Retirement Account: Link to the full discussion⁠ https://youtu.be/em7-PhIGBvo⁠ 34:14 What is FATCA? What Americans with a Swiss Bank Account need to know: Link to the full discussion ⁠https://youtu.be/LN7BruaUzf8⁠ 37:51 Outro 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.

Welcome to our latest Swiss Money Secrets podcast episode, where seasoned Swiss financial experts delve into the intricacies of FATCA (Foreign Account Tax Compliance Act) and its impact on Americans holding Swiss bank accounts. In this informative discussion, our expert panel breaks down the critical aspects of the recent announcement about changes to the FATCA model used in Switzerland. Discover the essentials of FATCA compliance and how it affects American account holders at Swiss banks. Our team will demystify the regulations and provide practical guidance on maintaining financial transparency. Explore the unique considerations for Swiss banking institutions under FATCA regulations. Gain a deeper understanding of the collaboration between Swiss banks and account holders to meet compliance requirements. Uncover the implications of FATCA on global investments and asset management. This podcast episode is a valuable resource for understanding the nuances of FATCA. Subscribe for more expert insights and stay ahead in cross-border wealth management, whether you are an investor or a financial professional! Don't miss out on the chance to secure your financial future - listen to our podcast episode now and embark on your journey to offshore IRA success! Appearances (from left to right): Jess Roberson, Executive Assistant Urs Vrijhof-Droese, Managing Partner Jamie Vrijhof-Droese, Managing Partner 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.

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.

David Lesperance is one of the world's leading international tax and immigration advisors. Mel Warshaw is a highly regarded international tax and private client lawyer who has been practicing for over 40 years. In this episode we discuss a wide range of immigration, citizenship and international tax issues.

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

Sapere Research Group report kicks off a debate over the true tax burden in New Zealand Internal Revenue Service report on FATCA data gives a clearer picture of how much wealth is held offshore and the returns on that wealth Inland Revenue guidance around the bright-line test for transactions involving family members

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.

Wednesday July 6, 2022 - More US citizens than ever are renouncing their US citizenship. While politics plays a part - the most common reason is TAXES. US Expatriates (those Americans living outside the country) are still subject to US tax laws, FBAR and FATCA rules. Often, that means double taxation - and it ALWAYS means following US tax laws. When US Citizens elect to renounce their citizenship they find a SURPRISE - and exit tax. That's right. Before someone is allowed to give up their citizenship they have to pay a tax on ALL of their assets. Attorney Steven A. Leahy reveals the cold hard truth about the EXIT tax on Today's Tax Talk. https://www.forbes.com/sites/robertwood/2022/07/06/leave-us-pay-irs-taxes-forever/?sh=3367259c1a30 https://www.irs.gov/individuals/international-taxpayers/expatriation-tax --- Send in a voice message: https://anchor.fm/steven-leahy1/message

The Cayman Tax Information Authority (TIA) recently released its CRS enforcement guidelines outlining the circumstances under which financial institutions could face penalties for failing to comply with the Common Reporting Standard (CRS).It also outlined the process by which financial institutions would be notified of penalties, and the notice and appeals process by which they may contest penalty imposition. Listen to find out more about the latest enforcement guidelines and the latest updates in relation to FATCA and CRS from our in-house experts.

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.

The Cayman Tax Information Authority (TIA) recently released its CRS enforcement guidelines outlining the circumstances under which financial institutions could face penalties for failing to comply with the Common Reporting Standard (CRS).It also outlined the process by which financial institutions would be notified of penalties, and the notice and appeals process by which they may contest penalty imposition. Find out more about the latest enforcement guidelines and the latest updates in relation to FATCA and CRS from our in-house experts.Moderator:Elaine ChowPanelists:Roman IpflingMichelle Chan

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

Welcome to episode 2 of American OverseasAmerica is the only first-world country in the world that enforces a tax duty on American citizens, wherever they live or work.I'm Linda Mabelis and today I'm speaking with experience expert Daan Durlacher. We'll discuss what to do if you get a letter from the bank asking for an SSN. What does this letter mean? Does the bank have to report to the US?LinksEverything you need to know about SSN (Social Security Number)TIN (Tax Identification Number)I got a FATCA letter from the bank, now what?Streamlined ProcedurePlease contact us with any questions you may have: support@americansoverseas.orgRSS feedWebsite Americans OverseasFacebook, Twitter, LinkedinDirect link to episodeSubscribe op Apple Podcasts, Spotify

Welcome to episode 1 of American OverseasAmerica is the only first-world country in the world that enforces a tax duty on American citizens, wherever they live or work.I'm Linda Mabelis and today I'm speaking with experience expert Daan Durlacher. Born and raised in the Netherlands, he found out that he happened to be American through his mother and that he also had to comply with American tax liability.Visit americansoverseas.org for answers to all your questions.LinksTax liabilityWhen are you considered a US person (and taxable)?Direct link to mp3Website Americans OverseasFacebook, Twitter, LinkedinSubscribe op Apple Podcasts, Spotify, PodcastIndex

FBAR-report of foreign bank and financial accounts，海外金融账户申报114表，“肥爸条款”。Statement of Specified Foreign Financial Assets，特定海外金融资产报表8938表。FATCA-foreign account tax compliance act，美国海外财产税收合规法案，"FATCA条款"。FinCEN-Financial Crimes Enforcement Network，金融犯罪执法网络办公室

In this Compliance That Makes Sense episode, we are going to talk about FATCA and CRS for FinTech dummies. Yana decided to record this episode not because she thinks FinTechs or her listeners are dummies, but to make sure that you feel the content is easy to digest and not too overwhelming. Yana talks about how you might face decisions around FATCA and CRS and the categories that a FinTech might fall in, and which ones require them to do the FATCA and CRS paperwork. If you enjoy this episode, please share it with friends, leave comments and reviews, and join the conversation.  Today's episode: [00:34] Hello, my friends! [01:36] Yana discusses two instances when you might have to make decisions around FATCA and CRS. [04:02] Yana says it's not about whether you have US customers, it's about whether you take deposits and need to report US taxpayers. [06:54] Many FinTechs that Yana knows limit the deposit size or withdraw the money by the end of the year, so they don't have to do the paperwork. [07:42] Yana talks about being a customer and the most relevant categories of FATCA for FinTech startups. [09:51] Yana discusses an accepted non-financial startup company. [11:48] You could also be compliant for a financial entity if you qualify for some of the exemptions. [12:48] The main idea for this categorization is to never end up as a non-participating financial entity. [14:48] Does CRS apply to FinTech companies? [16:57] Yana talks about exemptions and how that applies to FinTechs. [18:33] Balances under 50,000 Euros are normally not reportable for CRS purposes. [19:14] Thank you for listening! Show links: Interested in FinTech compliance - consider investing into 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.    

Our guest today is Andrew Gordon. Andrew is a cryptocurrency tax lawyer and the managing attorney of Gordon Law Group. Andrew concentrates on tax controversy and compliance, Internet law, FTC Defense, and corporate litigation. Andrew is here today to discuss the economic relief measures that the government has enacted as a response to the coronavirus crisis. We discuss what role cryptocurrency plays in this relief response. In addition, Andrew updates us on any changes to FBAR and FATCA filing since his last time on the show.

ACA's Glen Frost interviews author and international lawyer, Bruce Zagaris, to discuss the recent Government Accountability Office (GOA) report on FATCA on tax compliance, the impact it has on Americans living abroad, and on financial institutions globally. Glen Frost serves on the ACA Executive Committee and is an Assistant Legal Counsel. Mr Frost is a graduate of the University of Baltimore School of Law and holds an LL.M in taxation and is a managing partner of a Washington DC metropolitan area based tax law firm. Bruce Zagaris is an author and international lawyer who reports and writes for the International Enforcement Law Reporter (IELR). Since 1981, he has represented foreign governments in international tax and financial services. He is partner with Berliner Corcoran & Rowe LLP in Washington DC and is a former lecturer with the University of the West Indies Faculty of Law. Articles: GAO Report Demonstrates That the United States Must Reform Foreign Asset Reporting

A lack of guidance has left crypto traders unsure of their reporting obligations for foreign accounts. We are joined with Andrew Gordon, a tax attorney, who understands the ins and outs of foreign account reporting in relation to cryptocurrency trading. Andrew discusses FBAR, FATCA, penalties associated with not reporting, and to answer the question – […]

A lack of guidance has left crypto traders unsure of their reporting obligations for foreign accounts. We are joined with Andrew Gordon, a tax attorney, who understands the ins and outs of foreign account reporting in relation to cryptocurrency trading. Andrew discusses FBAR, FATCA, penalties associated with not reporting, and to answer the question - do cryptocurrencies have to be included in these reports?