Tuesdays With Morey - Tax Tips®

Morey and Macarena stress the importance of having a quality financial professional on your side. Many tax preparers and accountants fail to notify clients of changes in due dates for tax forms, and they miss important deductions that can save you money! 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: [:50] Morey shares important resources for more information. [2:06] Financial planning is very important to ensure expats meet tax filing deadlines. [4:15] What to do if you are unprepared to file corporate taxes by March 15, 2017. [6:02] C-Corps are extended for an additional month and personal returns remain due on April 15. [7:42] U.S. citizens must pay income taxes on worldwide income, no matter where they live. [9:15] Interest and penalties can be more than the tax due if citizens don’t meet tax deadlines.