Expat Finance
Expat banking, offshore banking, expat taxes and finance are all daunting issues for new expats. Our new Expat Finance guide is broken down into three sections: banking, tax & finance. Plus, our new Ask the Expert tool enables you to submit your finance questions.
Banking offshore and Expat banking are critical expat services. Moving overseas is not the same experience for every expatriate, and the articles below will help you evaluate what you need to successfully bank abroad.
Expat tax is one of the most important aspects of managing one's finances after a move abroad. Do not neglect offshore tax issues or wait until the last minute to explore the financial implications of international living. The articles below will help you start your research into expat taxes.
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FATCA (Foreign Account Tax Compliance Act) -- What American Investors Need to Know Now
By David Kuenzi, CFP
This article examines the new FATCA law (Foreign Account Tax Compliance Act) and explains the significant impact it will have on Americans abroad. It details how the legislation will force foreign financial institutions to directly report to the IRS on assets held by Americans and why this suddenly makes compliance with many old and new reporting requirements much more critical. Practical implications for Americans abroad of these big changes are discussed and recommended actions are suggested to avoid being caught unaware as the new FACTA rules raise the difficulty of compliance and risks of non-compliance.
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Expat Tax Alert -- How the HIRE Act Means You Need to Get Caught Up On Your US Taxes NOW
By David McKeegan
Although it has always been a requirement to file a tax return for all Americans living outside of the US each year, many American expats until now have justified not filing with the belief that the IRS has no way of "finding" them and knowing that they are living abroad/earning income abroad. This has all changed with the HIRE Act.
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Expat finance requires proper research while living overseas. Expats are often exposed to offshore investment opportunities not available at home. The articles in this section provides basic overseas finance information to consider while living abroad.
If you're living overseas, please take a few minutes to answer a few questions in our Expat Finance Report. Your advice will help newcomers understand the challenges of managing their finances and doing their expat tax return.
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View all Expat Finance Reports
Recent Submissions:
> Taxes, Finances & Banking in San Juan, Costa Rica
> Taxes, Finances & Banking in Oman City, Oman
> Taxes, Finances & Banking in Las Terrenas, Dominican Rep
> Taxes, Finances & Banking in Cape Town, South Africa
> Taxes, Finances & Banking in Luanda, Angola
> Taxes, Finances & Banking in Kabul, Afghanistan
> Taxes, Finances & Banking in Moscow, Russia
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