Planning Your Maos

In Part One, we looked at the rules US expatriates have to follow when filing their taxes. In Part Two, we then looked at the specific process of filing the most common forms which need to be completed. In the third and final installment of our series, we will take a look at what to do with the dollars you have left over after you have filed....

In Part One of my ‘Tax Filing for US Expats & the IRS’ I looked at the landscape that US expats face when it comes to filing their annual tax return. The long and short of this article; US citizens and green card holders are subject to worldwide taxation and must file their income tax return annually. In Part Two I want to focus more on the information you need to file your own tax returns....

I often meet US citizens living abroad who are not current with their annual US income tax filing requirement. In some cases, their returns have not been filed for a decade or more. In my experience, this failure to file is usually the result of receiving bad information from friends, or advisors, or a misunderstanding of the Internal Revenue Code, and not an overt attempt to evade paying US taxes....

Property is, and always will be, one of the most popular vehicles used by individuals to build capital and receive income. Most people choose to invest in a property for one basic and simple reason; they understand it. For many the modern financial world is a confusing and dangerous place. Every day brings another news story of impending financial doom and understanding complex hedge funds or derivatives is a hard task even for financial professionals. However, when we talk to people about property they always seem to be happy with their investment and see safety in this type of asset....

Recently I have been asked by a lot of families in Beijing about life insurance. Maybe my article two months ago on wills and trusts got people thinking, or more likely it’s the pollution and crazy Beijing roads. Regardless of what it is in life which makes people inquire about life insurance, there should be only one key driver….’if I were to die tomorrow what would happen to my family and loved ones.’...

I once wrote an article about a lady who was referred to me by a client of mine. Her husband had just passed away and she was in need of some financial advice. Her family was your typical expat family: husband and wife from different countries, children in international schools, and the last ten years spent working in countries around the world....