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Citizenship

When Two Is Better Than One

Michael Cobb
If you are a proactive individual who likes to be prepared, I strongly encourage you to take action and consider second citizenship and residency. You will find the world around you just open up as you learn more about the options and possibilities available for you and your loved ones

The time to consider another passport is right now

The thought of attaining a second citizenship has become more appealing to folks all over the world. With the existence of countries that don't tax income, wealth, capital gains, and inheritance, it makes sense that many Americans, Canadians, and Europeans, are acquiring second passports. Holding two passports or residencies provides you with additional security in all aspects of your life –financial, residential, business and work, safety, and travel.

Tags: 
Citizenship
Residency
Passport
Michael Cobb

R.I.P. to the PRIVATE Citizen

Kelly Diamond

It’s pretty safe to say that we are no longer Private Citizens, but rather wards of the state.

The main ingredient in the whole “private citizen” thing is actual PRIVACY!!! Of which, my fellow ‘Merikans, we have none… and haven’t for a good while now.

I’ve been writing about this intrusion pretty much since I’ve started with GWP, and I get it: no one is going to stop using social networks or email or cell phones regardless of whether they know this stuff or not. Here’s the natural progression of where we are with the whole surveillance state:

Tags: 
Citizenship
Kelly Diamond

U.S. Citizens, Lawful Permanent Residents & Expatriates and Tax Responsibilities

Maurice M. Glazer

If it’s January it must be tax season…. Many U.S. citizens and lawful permanent residents of the U.S. (green card holders) move to another country and forget or choose not to file a tax return in the U.S. But be warned: The U.S. requires you to file a tax return accounting for your worldwide taxable income—and the statute of limitations never runs out.

In many cases, you may have few or no U.S. taxes to pay, thanks to exclusions and deductions that you may qualify for as an expatriate. But you definitely are required to file if you are a U.S. citizen or resident alien. Not filing can create major issues. For instance, if you live abroad for 10 years and then return to the United States, the penalties and interest you’ve accrued may be more than the actual tax.

Tags: 
Tax
Residents
Expat
Citizenship
Maurice M. Glazer

U.S. Expatriates and Tax Responsibilities

Maurice M. Glazer

If it’s January it must be tax season…. Many U.S. citizens and lawful permanent residents of the U.S. (green card holders) move to another country and forget or choose not to file a tax return in the U.S. But be warned: The U.S. requires you to file a tax return accounting for your worldwide taxable income—and the statute of limitations never runs out.

In many cases, you may have few or no U.S. taxes to pay, thanks to exclusions and deductions that you may qualify for as an expatriate. But you definitely are required to file if you are a U.S. citizen or resident alien. Not filing can create major issues. For instance, if you live abroad for 10 years and then return to the United States, the penalties and interest you’ve accrued may be more than the actual tax.

Tags: 
Tax
Citizenship
IRS
Maurice M. Glazer