Tuesdays With Morey - Tax Tips®

Tax regulations are complicated enough in the US and if you have property or assets offshore you may find yourself reeling by the ever changing rules in the tax code. The Foreign Account Compliance Act (FACTA) focuses on the reporting and proper tax filing of offshore assets. If you are unsure about the applicable taxes, credits and rules regarding your upcoming move to a foreign country, allow Glazer Financial and Macarena Rose to help you to simplify the process.    Key Takeaways: [1:28] People forget to pay their tax, which causes penalties from the IRS [3:39] Planning is important if you are moving offshore, starting a business or running a household [7:43] Get assistance from a professional when investigating moving offshore [9:11] Glazer Financial analyzes 3-years of past returns to make certain there are no mistakes [11:59] Make a business or personal plan to keep yourself from going broke [12:36] Tuesdays with Morey is a mentoring program [14:59] New offices will be opening in Belize and Guadalajara [