Tuesdays With Morey - Tax Tips®

In this episode, Morey and Macarena tell us why it is important to file an annual U.S. tax return, no matter which country you live or work in. Also, Morey shares information on the FBAR, the 5471 tax form, eligibility requirements for the Foreign Earned Income Exchange Credit, Insurance Wrappers, and international real estate. Make sure you have an educated, up-to-date, professional on your side when it comes to your money. Call Morey at Glazer Financial for more information.   Key Takeaways: [1:40] With a new president and new Congress, no one knows what will happen to the tax code. [3:16] Morey has to re-do a seminar due to the new tax code changes. [3:45] The 5471 International Corporation Form, and how it affects U.S. tax filings. [6:17] If you have a foreign bank account you must file the FBAR form. [7:57] Commonly missed tax deductions on foreign expenses. [9:24] Morey has advice for you if you have an internet sales business. [10:49] How to handle offshore investments during your divorce. [11:48] Self