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In this episode, Morey and Macarena share with their listeners the most important questions to ask before picking up and moving offshore. Most people wait until after they have sold everything in the U.S., and are sitting on the beach in a foreign country, to consider the tax implications of their move. Morey Glazer has been doing foreign taxes for 50 years and, is an expert in Belizean tax laws, with over 10 years’ experience. Key Takeaways: [:59] Important questions to consider if you are ready to move to Belize. [2:15] An example of a client who moved to Costa Rica, and improved his business through planning. [2:55] Check the tax laws in the country you plan to move to, before making your decision. [3:57] Morey has been handling finances and tax implications in Belize for 10 years. [4:26] Send your questions to Morey and Macarena, on the Tuesdays with Morey Facebook page, and they will answer them during the next podcast! Mentioned in This Episode: Glazer Financial Network Email Macarena: macarenarose@gmail.com Tuesdays with Morey on Facebook Expat Tax Expert Email Glazer Financial: mglazer@glazerfinancial.com MacarenaRose.com Rainforest Realty
On this episode, Morey and Macarena remind us of how important it is to plan to plan. If you, or someone you know, is thinking about moving overseas you must have an honest, experienced tax and lifestyle planning specialist like Morey Glazer, or someone on his team at Glazer Financial. Stay compliant, live a good life and be prepared! Key Takeaways: [:58] A vacation in a foreign country is much different than buying a piece of property there. [1:52] Every state is different, when it comes to taxes. [3:10] Today’s technology allows people to live anywhere on the globe, and still work. [3:32] Morey is always available to solve clients’ problems. [4:16] Staying compliant with the IRS is of the utmost importance. Do it before you leave the U.S. [4:53] Many countries follow suit, and adopt the same systems as the U.S. [5:35] Lifestyle planning can help you stay on track, no matter where you are from or where you are going. [7:24] Taxes and penalties can be your biggest cost of moving overseas. Mentioned in This Episode: Glazer Financial Network Email Macarena: macarenarose@gmail.com Tuesdays with Morey on Facebook Expat Tax Expert Email Glazer Financial: mglazer@glazerfinancial.com MacarenaRose.com Rainforest Realty
Morey and Macarena join forces again today to discuss the penalties of not paying your US taxes. They warn that even if you have an accountant or tax preparer it doesn’t mean he or she is versed in how to report international accounts or foreign corporations. Some accountants aren’t even aware of the additional forms required by the IRS when a US citizen has an offshore account. Be prepared and plan your financial future with a team who understands your expat lifestyle. Call Glazer Financial today. Key Takeaways: [:48] How do you know if you are legally paying all of your US taxes? [1:26] If you have a foreign corporation, you need to file two separate tax forms. [3:19] Morey Glazer is always available to answer your financial and tax related questions. [3:51] The IRS may impose tax penalties in amounts far greater than the original tax. [4:40] In Belize, you need to bring in $2000.00 a month to be a residence. [5:52] If you sell an international company, you should be prepared to pay US taxes on your stock dividends. [6:49] Many accountants don’t review foreign investments or accounts. Mentioned in This Episode: Glazer Financial Network Email Macarena: macarenarose@gmail.com Tuesdays with Morey on Facebook Expat Tax Expert Email Glazer Financial: mglazer@glazerfinancial.com MacarenaRose.com Rainforest Realty
At the end of 2014 and 2015, Congress added and changed tax provisions in budget extension bills. Many of these changes go unnoticed by some preparers, but not by Morey Glazer. He and his team are continually reading and investigating the tax code so his clients don’t have to. They are competent in FACTA requirements, Obamacare and the Foreign Earned Income Credit for those who spend time living and investing offshore or have a vested interest in an offshore corporation. Key Takeaways: [1:32] What was significant about the extension bill Congress passed on December 15, 2014? [6:24] You may be missing important tax deductions if you are using a filing program such as Turbo Tax. [9:15] FACTA requires you to prove you have paid taxes on any money you move to an offshore account. [11:00] If you make over $250,000, including passive income, you have an additional 2.8% tax based on tax changes included in Obamacare. [14:03] The extender bill added deductions for investments in new equipment. [16:44] Don’t forget to obtain the proper documentation when making charitable donations! Mentioned in This Episode: Glazer Financial Network macarenarose@gmail.com Tuesdays with Morey on Facebook Expat Tax Expert mglazer@glazerfinancial.com
If you are not familiar with the IRS’s new program designed to uncover all of your assets, anywhere in the world, you need to listen to this week’s episode. Morey Glazer and Macarena Rose discuss the tax changes which were added to the Highway Bill, Obamacare, and BBDECA. All of your foreign interests will be scrutinized and you need to be prepared. The best way to prepare yourself is to hire a professional and engage in a tax planning program. Remember, audits cost money so do it right the first time. Key Takeaways: [1:40] The IRS is coming after taxpayers and ditching Voluntary Disclosure [3:30] Hiding assets is no longer an option, put your money in safe places [5:42] There are laws in the US designed to protect us [6:50] An LLC used to protect precious metals and real estate in private homes [7:40] The 2015 Social Security changes embedded in Obamacare [9:01] Justice to the Balance Budget and Emergency Deficit Control Act [12:12] IRS upgraded their system so no returns were processed during the first week of January 2016 [13:50] Glazer Financial will review your last 3 returns at no charge to you [16:18] Tax planning and cost reduction strategies through asset protections to build net worth [18:40] Thinking about starting a foreign trust? Be aware, changes can be made without consent [22:06] Knowing the right questions to ask when writing a will Mentions: Glazer Financial Network macarenarose@gmail.com Tuesdays with Morey on Facebook
The ever-changing tax landscape in the U.S. is difficult to follow. Add on an international move and it’s practically impossible for most of us to keep straight. That is why we have Morey Glazer. Every week he brings us tips, tricks and tax help for those of us with international interests. His co-host, Macarena Rose, is a Certified International Property Specialist with years of international real estate experience and the host of Belize Talk Radio. Listen in for tax planning information, no matter where you are in the world. Key Takeaways: [1:18] Just who is Morey and what experience does he have? [4:05] The IRS has the power to take your passport if you haven’t noted foreign bank accounts [5:58] If you live offshore, you need to file a tax return even if you make under $13K per year [10:03] The Foreign Earned Income Credit and who it applies to [11:40] Permanent residency does make a difference and you need to plan [12:09] Get a planning packet to help protect your assets [13:39] Communicate with Maury, no matter where you live [18:09] Write down your questions and contact us via Facebook [18:58] Attend a seminar and continue listening to this show [19:36] Not all tax planners are the same, Morey stands out both nationally & internationally Mentions: Glazer Financial Expat Tax Expert Tuesdays with Morey on Facebook Rainforest Realty macarenarose@gmail.com
Listen in to today’s show to powerful world renowned Sylvia LaFair speak about Gutsy Women and International business- then for the 2nd half of the show hear Morey Glazer educate you about Hire Act and WHO will be holding YOUR 30% come this January 1, 2014. Learn what to do NOW to be in compliance to protect what you have ! Do not miss this show !!
Listen in to today’s show to powerful world renowned Sylvia LaFair speak about Gutsy Women and International business- then for the 2nd half of the show hear Morey Glazer educate you about Hire Act and WHO will be holding YOUR 30% come this January 1, 2014. Learn what to do NOW to be in compliance to protect what you have ! Do not miss this show !!
You need to know the facts- IRS reporting as to foreign bank accounts and the how to stay legal facts are SO important ! Listen to Morey Glazer and learn from the master of International PROACTIVE planning-Do not miss this valuable information !Then we end the show hearing from the personable Belize Real Estate Buyers agent Gwido Hector Mar ......who is to be featured on HGTV House Hunters International !