During this episode, Morey and Macarena stress the importance of having a reliable, professional, and knowledgeable team on your side. Buying international real estate and traversing a foreign country's tax code can be daunting. The right team you can give you peace of mind when making offshore decisions.   If you live offshore and don't have a qualified team of professionals to help you plan your financial future to get the lifestyle you want, call Glazer Financial. Ask Morey for a free consultation. Or, if you are looking for real estate in Belize, call Macarena Rose, at Rainforest Realty.   Key Takeaways:   [1:14] There is no double taxation in any country. [4:27] Mexican laws are following the trends in the U.S. [5:28] January 2018 could bring big changes for travelers who haven't filed U.S. tax returns. [7:21] Morey cites an article about foreign bank accounts. [9:01] Foreign taxes can offset U.S. taxes. [13:13] You need a great Realtor® to protect your interests in international property sales. [18:03] Macarena has a professional eye and can help with value-based purchases. [20:54] Morey and Macarena have a network of professionals to help with all types of financial issues.   Mentioned in This Episode: Glazer Financial Network Email Macarena: [email protected] Tuesdays with Morey on Facebook Expat Tax Expert Email Glazer Financial: [email protected] 469-358-2818 972-385-0007 MacarenaRose.com Rainforest Realty

During this episode, Morey and Macarena talk about the importance of having an international real estate agent on your side when considering a move offshore and planning your tax strategy before you go. Together Macarena and Morey have helped clients find their dream homes without any surprises lurking around the corner.   If you live offshore and don't have a qualified team of professionals to help you plan your financial future to get the lifestyle you want, call Glazer Financial. Ask Morey for a free consultation. Or, if you are looking for real estate in Belize, call Macarena Rose, at Rainforest Realty.   Key Takeaways:   [:49] Living in Belize has great tax benefits but taxes cannot be avoided. [4:04] Purchasing an offshore property should be done through a certified broker. [8:55] New clients get a free three-year tax review. [10:45] Be sure you plan your tax strategy before making a big investment. [15:08] Glazer Financial can help with the taxes and Macarena helps with the real estate. [16:56] A few of the many factors that go into buying international real estate.   Mentioned in This Episode: Glazer Financial Network Email Macarena: [email protected] Tuesdays with Morey on Facebook Expat Tax Expert Email Glazer Financial: [email protected] 469-358-2818 972-385-0007 MacarenaRose.com Rainforest Realty  

During this episode, Morey and Macarena talk about the importance of having a good relationship with the IRS, especially if you have offshore investments or bank accounts. Doing business or making investments overseas can trip you up, if you don't have the right financial planners working in your best interest. Be sure to err on the side of caution and properly vet the financial company in which you put your trust.   If you live offshore and don't have a qualified team of professionals to help you plan your financial future to get the lifestyle you want, call Glazer Financial. Ask Morey for a free consultation. Or, if you are looking for real estate in Belize, call Macarena Rose, at Rainforest Realty.   Key Takeaways:   [1:11] A good relationship with the IRS is worth its weight in gold. [4:37] The FBAR, Form 114 is used to report foreign bank accounts. [5:48] Special agents with the IRS and the Department of Justice are involved with tax collection. [7:39] Beware of investing in foreign projects that seem too good to be true. [9:24] Form 8938 tells the IRS about your foreign investments. [13:32] Offshore financial planners should be vetted properly. [15:16] Tax planning and proper reporting of mileage are essential under this administration.   Mentioned in This Episode: Glazer Financial Network Email Macarena: [email protected] Tuesdays with Morey on Facebook Expat Tax Expert Email Glazer Financial: [email protected] 469-358-2818 972-385-0007 MacarenaRose.com Rainforest Realty

Morey and Macarena dish up another exciting episode of Tax Tip Tuesday this week. Morey shares the necessary requirements for reporting your income and tax liabilities to the IRS, should you invest in overseas properties, and Macarena describes the benefits of having a person you can trust on your side.   If you live offshore and don't have a qualified team of professionals to help you plan your financial future to get the lifestyle you want, call Glazer Financial. Ask Morey for a free consultation. Or, if you are looking for real estate in Belize, call Macarena Rose, at Rainforest Realty.   Key Takeaways: [1:12] With a new tax bill on the horizon, it's time to think about tax alternatives. [3:04] An FBAR must be filed if you have over 10K in a bank account. [6:54] Due diligence pays off! [8:01] Morey's client has a healthcare issue that may not be addressed by the new tax law. [10:04] Let's do away with Obamacare and go back to the free market system. [12:40] Offshore investing and financing can be a dangerous game if you don't trust your partners. [15:39] Just because you are in a foreign country doesn't mean there are no laws, no taxes and no important paperwork. [17:50] Be wary of people who will not give you a referral.   Mentioned in This Episode: Glazer Financial Network Email Macarena: [email protected] Tuesdays with Morey on Facebook Expat Tax Expert Email Glazer Financial: [email protected] 469-358-2818 972-385-0007 MacarenaRose.com Rainforest Realty

Morey and Macarena warn expatriates of the dangers of people wanting to help you with your offshore business. Some people have a friendly face but bad intentions. Or, some just don't know the U.S. tax code and will tell you what you want to hear just to get your hard earned cash. Key Takeaways: [:50] It's important to stay in contact with your financial planner, especially with all the new changes to the health care changes. [3:24] Expatriates need to be aware of the IRS forms required to avoid being audited. [6:51] Do you have confidence in the people you are doing business with? [8:54] Glazer Financial is a small, trustworthy, international accounting firm. [13:35] Pay your taxes based on your 2016 tax bill. Mentioned in This Episode: Glazer Financial Network Email Macarena: [email protected] Tuesdays with Morey on Facebook Expat Tax Expert Email Glazer Financial: [email protected] 469-358-2818 972-385-0007 MacarenaRose.com Rainforest Realty

Morey and Macarena carve time out of their busy schedule to make sure you know how to keep up with your U.S. taxes when you move overseas, and what you are up against when you realize you haven't filed in years. This week's conversation details the deadline for filing the FBAR, how the rules change when the property you are buying is offshore, and recent tax changes. If you live offshore and don't have a qualified team of professionals to help you plan your financial future to get the lifestyle you want, call Glazer Financial. Or, if you are looking for real estate in Belize, call Macarena Rose, at Rainforest Realty. Key Takeaways: [1:06] How should people plan for the tax year 2017? [3:04] We are in uncertain times politically and fiscally. [4:21] The latest bill passed by the House may include a tax implication. [6:53] Just because you live overseas doesn't mean you aren't responsible for your U.S. taxes. [8:51] Buying and selling properties overseas is different than in the U.S. [11:44] Glazer Financial has qualified staff members to help you plan. [12:14] Is it too late to file an FBAR for 2017? [14:56] Penalties and interest on back taxes can accrue annually. [17:03] The IRS and the Justice Department can be involved with tax problems. Mentioned in This Episode: Glazer Financial Network Email Macarena: [email protected] Tuesdays with Morey on Facebook Expat Tax Expert Email Glazer Financial: [email protected] 469-358-2818 972-385-0007 MacarenaRose.com Rainforest Realty

Many people don't think ahead. They are putting their financial futures and the financial futures of their families at risk. During this episode, Morey stresses the importance of planning. He also shares his political views and says it doesn't matter if you are a Republican or Democrat; the key is to work together to get stuff done. If you live offshore and don't have a qualified team of professionals to help you plan your financial future to get the lifestyle you want, call Glazer Financial. Or, if you are looking for real estate in Belize, call Macarena Rose, at Rainforest Realty.   Key Takeaways: [1:09] Why do we get emotionally involved in the wrong political places? [2:34] Obamacare doesn't fit the needs of growing businesses. [5:20] Why it doesn't matter if you are a Democrat or Republican. [6:43] Everybody deserves a better education. [8:16] The new tax bill will include 3 different tax rates. [10:38] Morey believes deeply in charitable contributions and planning for those contributions. [13:02] Planning is very important. [14:48] The key is that if you had more money you could do more. [16:29] Many people don't think ahead. [17:24] If the new tax bill passes, people will need to plan more.   Mentioned in This Episode: Glazer Financial Network Email Macarena: [email protected] Tuesdays with Morey on Facebook Expat Tax Expert Email Glazer Financial: [email protected] 469-358-2818 972-385-0007 MacarenaRose.com Rainforest Realty

Morey shares his thoughts on the possible tax cut for small businesses in the U.S. He says people should be excited about the extra cash they will have to make the lives of others better. In addition to the tax cuts, Morey would also like to see Obamacare repealed so his workers will be able to use their insurance again. If you live offshore and don't have a qualified team of professionals to help you plan your financial future to get the lifestyle you want, call Glazer Financial. Or, if you are looking for real estate in Belize, call Macarena Rose, at Rainforest Realty.   Key Takeaways: [1:34] Macarena is a Realtor® in Florida and Belize but she can sell property anywhere. [2:35] Get excited about the business tax rate dropping to 15%. [4:41] Changing Obamacare rules will lower the deductible for most workers. [7:48] People need to improve their lifestyle. [9:50] Analyzing our spendable income? [11:23] Don't wait to plan for your financial future. [13:55] There are Americans who live offshore who need help. [15:42] Glazer Financial is a family-owned business [18:11] Stop considering who the politicians are and change your own life.   Mentioned in This Episode: Glazer Financial Network Email Macarena: [email protected] Tuesdays with Morey on Facebook Expat Tax Expert Email Glazer Financial: [email protected] 469-358-2818 972-385-0007 MacarenaRose.com Rainforest Realty

Morey shares his thoughts on what Trump's tax bill will mean for the economy in the United States. Morey believes more money in a worker's pocket will eventually trickle down to charitable donations and an increase in consumer spending. He would also like to see the adoption process out of the hands of the government. If you live offshore, and are uncertain which tax forms you need to file, or when your taxes are due, call the professionals at Glazer Financial. Or, if you are looking for real estate in Belize, call Macarena Rose, at Rainforest Realty.   Key Takeaways: [:59] Trump, the new tax bill and Obamacare. [5:26] Morey remembers a charitable donation to a woman in Mexico. [9:12] Health Savings Accounts, or HSAs, can give a decent tax deduction. [10:57] Morey believes Obamacare needs to be repealed. [12:03] Higher income people will get a 10% tax reduction. [13:50] Government controlled adoptions are not in the best interest of the children. [18:24] Changes are coming soon to the U.S. tax code.   Mentioned in This Episode: Glazer Financial Network Email Macarena: [email protected] Tuesdays with Morey on Facebook Expat Tax Expert Email Glazer Financial: [email protected] 469-358-2818 972-385-0007 MacarenaRose.com Rainforest Realty

Morey and Macarena inspect the proposed tax changes for 2017. Morey believes changing the tax requirements associated with the Obamacare health care plan will benefit businesses and individuals the most. And, if you have been using the same tax preparer for many years, it may behoove you to ask them about their compliancy status, and how they keep up on current tax changes which could affect you and your family. If you live offshore, and are uncertain which tax forms you need to file, or when your taxes are due, call the professionals at Glazer Financial. Or, if you are looking for real estate in Belize, call Macarena Rose, at Rainforest Realty.   Key Takeaways: [1:07] The FBAR is how you report your foreign bank account to the IRS. [3:41] A client of Morey's had to sell their foreign assets to pay a penalty from the IRS. [5:00] Get an estimate of what your future taxes could be with a free 3-year tax review from Glazer Financial. [7:12] Unreimbursed business expenses can signal an automatic audit. [9:05] Protecting clients is the main goal of Morey and his team at Glazer Financial. [11:02] What's new in taxes for 2017? [14:16] You need to plan ahead so you don't end up paying penalties. [15:18] Don't lose your passport for not paying your taxes. [17:23] Make sure you are familiar with the person doing your taxes.   Mentioned in This Episode: Glazer Financial Network Email Macarena: [email protected] Tuesdays with Morey on Facebook Expat Tax Expert Email Glazer Financial: [email protected] 469-358-2818 972-385-0007 MacarenaRose.com Rainforest Realty