In This Issue...
- U.S. About to Close the Door on Foreign Income and Reporting Amnesty
- International Experts Help You Prepare for New Tax Law Affecting International Business, Banking and Investment
- 15 Critical “Must Ask” Questions when Buying Real Estate Overseas, Part 3: Know the Developer
- 20 of the Most Frequently Asked Questions About International Investment Through an IRA: Part 1
- Offshore Life Insurance – the Last Best Tax Shelter
U.S. About to Close the Door on Foreign Income and Reporting Amnesty
Over the history of the U.S. Treasury Department, there has never been a general tax amnesty. However, there have been limited amnesties that brought the Treasury a flood of amended tax returns paying taxes on previously unreported income.
For example, the amnesties ending April of 2003 and October 2009 have brought in almost $600,000,000 in taxes so far, and involved thousands of taxpayers.
International Experts Help You Prepare for New Tax Law Affecting International Business, Banking and Investment
Major changes in U.S. tax laws are coming in 2013 that may affect your ability to invest and do business internationally.
If you ever want to buy a home abroad ... invest in a business ... diversify some of your assets into a different currency and economy ... or simply open a bank account outside North America, international business experts advise that you start preparing now.
15 Critical “Must Ask” Questions when Buying Real Estate Overseas, Part 3: Know the Developer
by Mike Cobb
Buying a home from a real estate developer is somewhat like deciding to get married. Not many of us meet a girl (or guy) in a bar and get married the next day -- but it does happen, I am told, especially in Las Vegas.
When it does, it might fall under the category of “Margarita Madness,” a malady that sadly also affects many travelers to Latin America, as well as those struck by marriage-at-first-sight.
20 of the Most Frequently Asked Questions About International Investment Through an IRA: Part 1
by Joel M. Nagel
IRAs are a great way to grow a portion of your investment assets on a tax-deferred basis. Most Americans have their IRA assets locked up in U.S. stocks, bonds and mutual funds.
The tax code, however, which regulates IRAs and other defined retirement accounts, does not place many of the restrictions and limitations on such accounts, which classic Wall Street brokerage houses impose. In other words, most Americans do not get full access to a world of international investment and true global diversification, simply because it is not expedient or profitable for their brokerage house to offer such investments.Offshore Life Insurance – the Last Best Tax Shelter
by Wayne Kurtz
Many investors feel that they are losing too large a percentage of their investment gains to income taxes each and every year. These aggressive investors, whose portfolios turn over a number of times during the tax year, often lose as much as forty percent (40%) of their gains to a combination of federal and state income taxes.
What investors really want are products that:...