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[ Offshore Tax ] Handling UK Retirement Accounts After Relocating Back to the US from the UK

The taxability of a UK Pension Plan in the U.S. under the US/UK tax treaty is a complex issue. Unfortunately, the guidance and previous rulings from the IRS do not make the answer easy to decipher.
Whether or not the UK pension is taxable in the US will depend on various factors. The primary source of law, and a source of confusion, is the US-UK income tax treaty (main treaty).
Some of the key issues include:
Is my 25% tax-free UK pension withdrawal taxed?
Are the contributions to my foreign retirement tax deductible?
Personal Pension vs. Employment Pension
Is the growth within the pension fund taxable?
FBAR & FATCA Reporting
Form 8833 Treaty Position
The taxability of a UK Pension Plan in the U.S. is complex and depends on various factors. it’s advisable to consult a tax professional.


TIMESTAMPS:
0:00 INTRO
0:40 Handling UK Retirement Accounts
1:10 Reviewing retirement account when Relocating Back to the US from the UK
2:40 OUTRO


--------------------------------
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--------------------------------------------------
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https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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--------------------------------------------------
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#OffshoreTax #RetirementAccounts #USUKTaxTreaty #UKPension #TaxComplexity #TaxGuidance #TaxRulings #TaxTreaty #TaxConfusion #TaxConsiderations #PensionTaxation #TaxDeductible #FBARReporting #FATCAReporting #TaxProfessionalAdvice

[ Offshore Tax ] Handling UK Retirement Accounts After Relocating Back to the US from the UK

The taxability of a UK Pension Plan in the U.S. under the US/UK tax treaty is a complex issue. Unfortunately, the guidance and previous rulings from the IRS do not make the answer easy to decipher.
Whether or not the UK pension is taxable in the US will depend on various factors. The primary source of law, and a source of confusion, is the US-UK income tax treaty (main treaty).
Some of the key issues include:
Is my 25% tax-free UK pension withdrawal taxed?
Are the contributions to my foreign retirement tax deductible?
Personal Pension vs. Employment Pension
Is the growth within the pension fund taxable?
FBAR & FATCA Reporting
Form 8833 Treaty Position
The taxability of a UK Pension Plan in the U.S. is complex and depends on various factors. it’s advisable to consult a tax professional.


TIMESTAMPS:
0:00 INTRO
0:40 Handling UK Retirement Accounts
1:10 Reviewing retirement account when Relocating Back to the US from the UK
2:40 OUTRO


--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
WATCH OTHER VIDEOS:
https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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High Net Worth? We can QUOTE for doing your "US-International" tax returns.

FOR MORE DETAILS, CONNECT WITH US:
✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
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#OffshoreTax #RetirementAccounts #USUKTaxTreaty #UKPension #TaxComplexity #TaxGuidance #TaxRulings #TaxTreaty #TaxConfusion #TaxConsiderations #PensionTaxation #TaxDeductible #FBARReporting #FATCAReporting #TaxProfessionalAdvice

0 0

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13LjVBU0RrWC0xeTcw

[ Offshore Tax ] Handling UK Retirement Accounts After Relocating Back to the US from the UK

15 hours ago

[ Offshore Tax ] When Do Migrants Become U.S. Tax Residents?

You typically become a U.S. tax resident when you enter the States on an immigrant visa. Qualified tax professionals conduct pre-immigration tax planning by following these steps:
Gather information from the client. The tax professional will need to gather information from the client, such as their citizenship, visa status, income, assets, and investments. This information will be used to assess the client’s current tax situation and identify potential tax risks.
Analyze the tax laws. The tax professional will need to analyze the U.S. tax laws, as well as the tax laws of the client’s home country. This will help the tax professional understand the client’s tax liability and identify potential tax planning strategies.
Develop a tax plan. The tax professional will develop a tax plan tailored to the client’s specific needs and goals. The tax plan may include strategies to reduce taxes, such as transferring assets to a foreign trust or donating assets to charity.
Implement the tax plan. The tax professional will help the client implement the tax plan. This may involve changing the client’s financial arrangements or filing amended tax returns.
Monitor the tax plan. The tax professional will monitor the tax plan to ensure that it is still effective. The tax professional will also make adjustments to the plan as needed, such as if the client’s circumstances change.

TIMESTAMPS:
0:00 INTRO
0:43 Entering the USA as a non-immigrant
1:00 Reporting any revenue in the USA
2:00 Visiting USA as a worker
2:40 OUTRO


--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
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--------------------------------------------------
WATCH OTHER VIDEOS:
https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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High Net Worth? We can QUOTE for doing your "US-International" tax returns.

FOR MORE DETAILS, CONNECT WITH US:
✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
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🌍 Check our website: https://htj.tax/
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#OffshoreTax #TaxResidents #MigrantTax #TaxPlanning #ImmigrantTax #TaxStrategies #TaxLaw #USVisa #TaxRisk #TaxProfessional #TaxLiability #ForeignTrust #TaxCompliance #TaxAdvice #TaxStrategy

[ Offshore Tax ] When Do Migrants Become U.S. Tax Residents?

You typically become a U.S. tax resident when you enter the States on an immigrant visa. Qualified tax professionals conduct pre-immigration tax planning by following these steps:
Gather information from the client. The tax professional will need to gather information from the client, such as their citizenship, visa status, income, assets, and investments. This information will be used to assess the client’s current tax situation and identify potential tax risks.
Analyze the tax laws. The tax professional will need to analyze the U.S. tax laws, as well as the tax laws of the client’s home country. This will help the tax professional understand the client’s tax liability and identify potential tax planning strategies.
Develop a tax plan. The tax professional will develop a tax plan tailored to the client’s specific needs and goals. The tax plan may include strategies to reduce taxes, such as transferring assets to a foreign trust or donating assets to charity.
Implement the tax plan. The tax professional will help the client implement the tax plan. This may involve changing the client’s financial arrangements or filing amended tax returns.
Monitor the tax plan. The tax professional will monitor the tax plan to ensure that it is still effective. The tax professional will also make adjustments to the plan as needed, such as if the client’s circumstances change.

TIMESTAMPS:
0:00 INTRO
0:43 Entering the USA as a non-immigrant
1:00 Reporting any revenue in the USA
2:00 Visiting USA as a worker
2:40 OUTRO


--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
WATCH OTHER VIDEOS:
https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/
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CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/
High Net Worth? We can QUOTE for doing your "US-International" tax returns.

FOR MORE DETAILS, CONNECT WITH US:
✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
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🌍 Check our website: https://htj.tax/
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#OffshoreTax #TaxResidents #MigrantTax #TaxPlanning #ImmigrantTax #TaxStrategies #TaxLaw #USVisa #TaxRisk #TaxProfessional #TaxLiability #ForeignTrust #TaxCompliance #TaxAdvice #TaxStrategy

0 0

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13LnVEUU9HRTNCNVhN

[ Offshore Tax ] When Do Migrants Become U.S. Tax Residents?

April 16th

[ Offshore Tax ] Managing US Retirement Accounts When Returning to the UK from the US

Under the Internal Revenue, any distribution from a qualified plan, such as an IRA or 401(k) plan, that does not qualify as an eligible rollover-distribution, is generally subject to mandatory income tax withholding. Although IRA and 401(k) plan distributions are subject to a 20% withholding tax, the U.S. income tax assessed on the withdrawal could be significantly higher, depending on the participant’s marginal tax bracket. In addition, Internal Revenue Code Section 72(t) imposes a 10% additional income tax on some distributions to individuals who have not reached the age of 59 ½.
The Effect of Income Tax Treaties
Tax treaties may provide an additional legal forum for the taxation of distributions from qualified plans. In certain cases, non-resident participants of qualified plans can reduce or even eliminate U.S. tax associated with a distribution from an IRA or 401(k) plan.
In order for a non-resident to utilize a tax treaty to reduce or eliminate the U.S. tax consequences associated with an IRA or 401(k) plan distribution, the non-resident must reside in one of the 58 countries that have an income tax treaty with the United States.

TIMESTAMPS:
0:00 INTRO
0:44 Treatment of retirement back to UK from USA
1:15 401K and IRA in UK
1:50 Dual tax agreement of UK and USA
2:20 OUTRO



--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
WATCH OTHER VIDEOS:
https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/
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CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/
High Net Worth? We can QUOTE for doing your "US-International" tax returns.

FOR MORE DETAILS, CONNECT WITH US:
✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
FOLLOW US ON:.
🌍 Check our website: https://htj.tax/
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#OffshoreTax #RetirementPlanning #IRA #401k #USUKTax #TaxTreaties #InternationalTax #ExpatsFinance #TaxWithholding #IncomeTax #TaxationAgreements #CrossBorderTax #ForeignRetirement #TaxPlanning #USExpatsUK

[ Offshore Tax ] Managing US Retirement Accounts When Returning to the UK from the US

Under the Internal Revenue, any distribution from a qualified plan, such as an IRA or 401(k) plan, that does not qualify as an eligible rollover-distribution, is generally subject to mandatory income tax withholding. Although IRA and 401(k) plan distributions are subject to a 20% withholding tax, the U.S. income tax assessed on the withdrawal could be significantly higher, depending on the participant’s marginal tax bracket. In addition, Internal Revenue Code Section 72(t) imposes a 10% additional income tax on some distributions to individuals who have not reached the age of 59 ½.
The Effect of Income Tax Treaties
Tax treaties may provide an additional legal forum for the taxation of distributions from qualified plans. In certain cases, non-resident participants of qualified plans can reduce or even eliminate U.S. tax associated with a distribution from an IRA or 401(k) plan.
In order for a non-resident to utilize a tax treaty to reduce or eliminate the U.S. tax consequences associated with an IRA or 401(k) plan distribution, the non-resident must reside in one of the 58 countries that have an income tax treaty with the United States.

TIMESTAMPS:
0:00 INTRO
0:44 Treatment of retirement back to UK from USA
1:15 401K and IRA in UK
1:50 Dual tax agreement of UK and USA
2:20 OUTRO



--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
WATCH OTHER VIDEOS:
https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/
STREAM premium educational videos: https://htj.tax/youtube/
CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/
High Net Worth? We can QUOTE for doing your "US-International" tax returns.

FOR MORE DETAILS, CONNECT WITH US:
✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
FOLLOW US ON:.
🌍 Check our website: https://htj.tax/
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#OffshoreTax #RetirementPlanning #IRA #401k #USUKTax #TaxTreaties #InternationalTax #ExpatsFinance #TaxWithholding #IncomeTax #TaxationAgreements #CrossBorderTax #ForeignRetirement #TaxPlanning #USExpatsUK

0 0

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13Ll8yR1hRQmNiZFhB

[ Offshore Tax ] Managing US Retirement Accounts When Returning to the UK from the US

April 15th

[Offshore Tax] Tax Strategies for US Immigrants with Dubai Rental Properties and Equity Investments

Pre-immigration tax planning is important for those wishing to migrate to the USA because it can help minimize their tax liability and avoid unexpected surprises.
Here are some of the benefits of pre-immigration tax planning:
Identifying and Understanding Tax Obligations: The USA has a complex tax system, and it can be difficult to understand all of your tax obligations if you are not familiar with the system. Pre-immigration tax planning can help you identify and understand your tax obligations so that you can plan accordingly.
2.    Reducing Tax Liability: There are a number of strategies that you can use to reduce your tax liability.
3.   Avoiding Unexpected Surprises: USA tax laws are constantly changing. Staying up-to-date on the latest changes is important. Pre-immigration tax planning can help you avoid any unexpected surprises by making sure that you are aware of the latest tax laws.
If you are considering migrating to the USA, it is important to speak with a tax advisor to discuss your individual circumstances and develop a pre-immigration tax plan. This will help you minimize your tax liability and avoid any unexpected surprises.
Here are some additional tips for pre-immigration tax planning:
Start Planning Early: The sooner you start planning, the more time you will have to gather all the necessary information and make informed decisions.
Get Professional Help: A tax advisor can help you understand the US tax system and develop a tax plan that is right for you.



--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
WATCH OTHER VIDEOS:
https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
Here are 4 ways we can help you:
SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/
STREAM premium educational videos: https://htj.tax/youtube/
CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/
High Net Worth? We can QUOTE for doing your "US-International" tax returns.

FOR MORE DETAILS, CONNECT WITH US:
✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
FOLLOW US ON:.
🌍 Check our website: https://htj.tax/
🎙️ Listen to our podcast: https://podcast.htj.tax/
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🐦 Add us on Twitter: https://twitter.com/derren43/
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#OffshoreTax #TaxPlanning #USImmigrants #DubaiProperties #EquityInvestments #TaxStrategies #PreImmigration #TaxLiability #TaxObligations #TaxAdvisor #TaxPlan #TaxTips #USAImmigration #TaxLaws #TaxSurprises

[Offshore Tax] Tax Strategies for US Immigrants with Dubai Rental Properties and Equity Investments

Pre-immigration tax planning is important for those wishing to migrate to the USA because it can help minimize their tax liability and avoid unexpected surprises.
Here are some of the benefits of pre-immigration tax planning:
Identifying and Understanding Tax Obligations: The USA has a complex tax system, and it can be difficult to understand all of your tax obligations if you are not familiar with the system. Pre-immigration tax planning can help you identify and understand your tax obligations so that you can plan accordingly.
2. Reducing Tax Liability: There are a number of strategies that you can use to reduce your tax liability.
3. Avoiding Unexpected Surprises: USA tax laws are constantly changing. Staying up-to-date on the latest changes is important. Pre-immigration tax planning can help you avoid any unexpected surprises by making sure that you are aware of the latest tax laws.
If you are considering migrating to the USA, it is important to speak with a tax advisor to discuss your individual circumstances and develop a pre-immigration tax plan. This will help you minimize your tax liability and avoid any unexpected surprises.
Here are some additional tips for pre-immigration tax planning:
Start Planning Early: The sooner you start planning, the more time you will have to gather all the necessary information and make informed decisions.
Get Professional Help: A tax advisor can help you understand the US tax system and develop a tax plan that is right for you.



--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
WATCH OTHER VIDEOS:
https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
Here are 4 ways we can help you:
SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/
STREAM premium educational videos: https://htj.tax/youtube/
CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/
High Net Worth? We can QUOTE for doing your "US-International" tax returns.

FOR MORE DETAILS, CONNECT WITH US:
✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
FOLLOW US ON:.
🌍 Check our website: https://htj.tax/
🎙️ Listen to our podcast: https://podcast.htj.tax/
📸 Add us on Instagram: https://www.instagram.com/htj.tax/
🐦 Add us on Twitter: https://twitter.com/derren43/
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💼 Contact Derren on LinkedIn: https://www.linkedin.com/in/derren-joseph-ea-0345332


#OffshoreTax #TaxPlanning #USImmigrants #DubaiProperties #EquityInvestments #TaxStrategies #PreImmigration #TaxLiability #TaxObligations #TaxAdvisor #TaxPlan #TaxTips #USAImmigration #TaxLaws #TaxSurprises

0 0

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13LkVwZVZRbDA5cEZr

[Offshore Tax] Tax Strategies for US Immigrants with Dubai Rental Properties and Equity Investments

April 14th

[ Offshore Tax ] Investments to Avoid for UK/US Exposed Expats

The PFIC tax regime was created via the Tax Reform Act of 1986 with the intent to level the playing field for U.S. based investment funds (i.e., mutual funds).
Prior to the legislation of 1986, U.S.-based mutual funds were forced to pass-through all investment income earned by the fund to its investors (resulting in taxable income). In contrast, foreign mutual funds were able to shelter the aforementioned taxable income as long as it was not distributed to its U.S. investors.
After the passage of the Tax Reform Act of 1986, the main advantage of foreign mutual funds was effectively nullified by a tax regime that made the practice of delaying the distribution of income prohibitively expensive for most investors.
To employ this punitive regime, the IRS requires shareholders of PFICs to effectively report undistributed earnings via choosing to be taxed through one of three possible methods- Section 1291 fund, Qualified Election Fund, and Mark to Market election.

--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
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SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
WATCH OTHER VIDEOS:
https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/
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CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/
High Net Worth? We can QUOTE for doing your "US-International" tax returns.

FOR MORE DETAILS, CONNECT WITH US:
✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
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#OffshoreTax #ExpatsInvestments #PFICtax #TaxReformAct1986 #InvestmentFunds #USExpat #UKExpat #TaxRegime #MutualFunds #IRS #Taxation #PFIC #InvestmentIncome #TaxCompliance

[ Offshore Tax ] Investments to Avoid for UK/US Exposed Expats

The PFIC tax regime was created via the Tax Reform Act of 1986 with the intent to level the playing field for U.S. based investment funds (i.e., mutual funds).
Prior to the legislation of 1986, U.S.-based mutual funds were forced to pass-through all investment income earned by the fund to its investors (resulting in taxable income). In contrast, foreign mutual funds were able to shelter the aforementioned taxable income as long as it was not distributed to its U.S. investors.
After the passage of the Tax Reform Act of 1986, the main advantage of foreign mutual funds was effectively nullified by a tax regime that made the practice of delaying the distribution of income prohibitively expensive for most investors.
To employ this punitive regime, the IRS requires shareholders of PFICs to effectively report undistributed earnings via choosing to be taxed through one of three possible methods- Section 1291 fund, Qualified Election Fund, and Mark to Market election.

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#OffshoreTax #ExpatsInvestments #PFICtax #TaxReformAct1986 #InvestmentFunds #USExpat #UKExpat #TaxRegime #MutualFunds #IRS #Taxation #PFIC #InvestmentIncome #TaxCompliance

0 5

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13LkZrdTJvc0tDanhz

[ Offshore Tax ] Investments to Avoid for UK/US Exposed Expats

April 13th

[ Offshore Tax ] Insights into U.S.  Healthcare for New Immigrants

Navigating healthcare as a new immigrant in the US can be complex. Here’s a breakdown of the situation:
Challenges:
Cost: Without health insurance, medical bills can be very expensive in the US. Even with insurance, deductibles, copays, and out-of-pocket costs can be high.
Language Barriers: Communication difficulties can occur if you don’t speak English fluently.
Available Options:
Public Programs (with limitations): Medicaid and CHIP: Lawfully present immigrants who meet income eligibility requirements and haven’t reached their waiting period can potentially qualify for these programs. Emergency Medicaid: Undocumented immigrants might be eligible for limited emergency medical services.
Marketplace Coverage: Lawfully present immigrants who are not eligible for Medicaid or CHIP can potentially purchase health insurance through the Marketplace after they go through the qualifying process. Some may qualify for subsidies to help lower the cost.
Employer-Sponsored Insurance: If you have a job with health insurance benefits, this can be a good option, although not all employers offer coverage.
Community Health Centers: These centers offer affordable primary care services to all residents, including immigrants, regardless of their immigration status or ability to pay.

TIMESTAMPS:
0:00 INTRO
0:40  Beneficial plans in the US as an immigrant
1:20 Health care system in the US 
2:15 OUTRO


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#ImmigrantHealthcare #USHealthcareSystem #NewImmigrants #HealthcareCosts #HealthcareOptions #HealthInsurance #Medicaid #CHIP #MarketplaceCoverage #EmployerInsurance #CommunityHealthCenters #LanguageBarriers #HealthcareAccess #HealthcareNavigations #OffshoreTaxInsights

[ Offshore Tax ] Insights into U.S. Healthcare for New Immigrants

Navigating healthcare as a new immigrant in the US can be complex. Here’s a breakdown of the situation:
Challenges:
Cost: Without health insurance, medical bills can be very expensive in the US. Even with insurance, deductibles, copays, and out-of-pocket costs can be high.
Language Barriers: Communication difficulties can occur if you don’t speak English fluently.
Available Options:
Public Programs (with limitations): Medicaid and CHIP: Lawfully present immigrants who meet income eligibility requirements and haven’t reached their waiting period can potentially qualify for these programs. Emergency Medicaid: Undocumented immigrants might be eligible for limited emergency medical services.
Marketplace Coverage: Lawfully present immigrants who are not eligible for Medicaid or CHIP can potentially purchase health insurance through the Marketplace after they go through the qualifying process. Some may qualify for subsidies to help lower the cost.
Employer-Sponsored Insurance: If you have a job with health insurance benefits, this can be a good option, although not all employers offer coverage.
Community Health Centers: These centers offer affordable primary care services to all residents, including immigrants, regardless of their immigration status or ability to pay.

TIMESTAMPS:
0:00 INTRO
0:40 Beneficial plans in the US as an immigrant
1:20 Health care system in the US
2:15 OUTRO


--------------------------------
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--------------------------------------------------
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https://youtu.be/yKIQ78azSA8
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#ImmigrantHealthcare #USHealthcareSystem #NewImmigrants #HealthcareCosts #HealthcareOptions #HealthInsurance #Medicaid #CHIP #MarketplaceCoverage #EmployerInsurance #CommunityHealthCenters #LanguageBarriers #HealthcareAccess #HealthcareNavigations #OffshoreTaxInsights

0 0

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13LkIyRldNbkFqaGFB

[ Offshore Tax ] Insights into U.S. Healthcare for New Immigrants

April 12th

[ Offshore Tax ] Science and Innovation: A Key Focus of Portugal’s New NHR

Starting January 1, 2024, new tax residents who have not lived in Portugal for the past five years may be eligible for a tax incentive. This incentive is tailored to activities related to scientific research and innovation.
These activities include roles in higher education, specific high-value sectors, and startups. Persons who are eligible can benefit from a 20% tax rate on their income from these activities for ten years, subject to certain conditions.
Additionally, they won’t have to pay taxes on certain types of foreign income.

TIMESTAMPS:
0:00 INTRO
0:15 Tax incentives as the new NHR
0:45 A Key Focus of Portugal’s New NHR
1:50 outro

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#OffshoreTax #ScienceInnovation #NewNHR #TaxIncentive #ResearchAndInnovation #PortugalTax #TaxRate #HighValueSectors #Startups #TaxBenefits #ForeignIncome #TaxExemption #InnovativeTax #PortugalInnovation #TaxPolicy

[ Offshore Tax ] Science and Innovation: A Key Focus of Portugal’s New NHR

Starting January 1, 2024, new tax residents who have not lived in Portugal for the past five years may be eligible for a tax incentive. This incentive is tailored to activities related to scientific research and innovation.
These activities include roles in higher education, specific high-value sectors, and startups. Persons who are eligible can benefit from a 20% tax rate on their income from these activities for ten years, subject to certain conditions.
Additionally, they won’t have to pay taxes on certain types of foreign income.

TIMESTAMPS:
0:00 INTRO
0:15 Tax incentives as the new NHR
0:45 A Key Focus of Portugal’s New NHR
1:50 outro

--------------------------------
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--------------------------------------------------
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#OffshoreTax #ScienceInnovation #NewNHR #TaxIncentive #ResearchAndInnovation #PortugalTax #TaxRate #HighValueSectors #Startups #TaxBenefits #ForeignIncome #TaxExemption #InnovativeTax #PortugalInnovation #TaxPolicy

0 0

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13Llc2SVozNW1aVnVJ

[ Offshore Tax ] Science and Innovation: A Key Focus of Portugal’s New NHR

April 11th

[ Offshore Tax ] Tax Considerations for Families Moving to the U.S. for Education Opportunities

Arguments for the US having a strong higher education system:
Top-Ranked Universities: Many US universities consistently rank high in global university rankings, such as QS World University Rankings and Times Higher Education World University Rankings.
Diversity of Institutions: The US offers a wide range of public and private universities, catering to various needs and budgets.
Research and Innovation: US universities are at the forefront of many research fields, fostering groundbreaking discoveries and technological advancements.
Flexibility and Choice: Students can choose from a vast array of programs and disciplines across different universities.
Arguments against the US having the unquestionable best system:
Cost: US universities can be very expensive, with high tuition fees and living expenses.
Accessibility: Acceptance rates at top universities can be highly competitive, making it challenging for some students to gain admission.
Focus on Prestige: There might be an overemphasis on attending high-ranking universities rather than finding the best fit for individual needs.

TIMESTAMPS:
0:00 INTRO
0:35 Education opportunities in USA
1:08 Reporting gifts in USA
1:36 Outro

--------------------------------
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--------------------------------------------------
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#OffshoreTax #USHigherEducation #EducationOpportunities #TaxConsiderations #USUniversities #TopRankedUniversities #DiversityInEducation #ResearchAndInnovation #StudentFlexibility #EducationCosts #UniversityAccessibility #PrestigeVsFit #TuitionFees #StudentLivingExpenses #EducationSystem

[ Offshore Tax ] Tax Considerations for Families Moving to the U.S. for Education Opportunities

Arguments for the US having a strong higher education system:
Top-Ranked Universities: Many US universities consistently rank high in global university rankings, such as QS World University Rankings and Times Higher Education World University Rankings.
Diversity of Institutions: The US offers a wide range of public and private universities, catering to various needs and budgets.
Research and Innovation: US universities are at the forefront of many research fields, fostering groundbreaking discoveries and technological advancements.
Flexibility and Choice: Students can choose from a vast array of programs and disciplines across different universities.
Arguments against the US having the unquestionable best system:
Cost: US universities can be very expensive, with high tuition fees and living expenses.
Accessibility: Acceptance rates at top universities can be highly competitive, making it challenging for some students to gain admission.
Focus on Prestige: There might be an overemphasis on attending high-ranking universities rather than finding the best fit for individual needs.

TIMESTAMPS:
0:00 INTRO
0:35 Education opportunities in USA
1:08 Reporting gifts in USA
1:36 Outro

--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
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https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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#OffshoreTax #USHigherEducation #EducationOpportunities #TaxConsiderations #USUniversities #TopRankedUniversities #DiversityInEducation #ResearchAndInnovation #StudentFlexibility #EducationCosts #UniversityAccessibility #PrestigeVsFit #TuitionFees #StudentLivingExpenses #EducationSystem

1 0

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13LkZXdENjeXdLOVFr

[ Offshore Tax ] Tax Considerations for Families Moving to the U.S. for Education Opportunities.

April 10th

[ Offshore Tax ] Tax Treatment of US LLCs in the New NHR.

Firstly, it should be noted that the Portuguese legal and tax system does not provide specific treatment for opaque and transparent entities such as LLCs or LPs. This presents additional challenges when assessing the applicable tax treatment to capital income perceived under the NHR regime.
As a general rule, LLCs and LPs are limited liability partnerships deemed transparent under US legislation. In this context, income flows to partners without taxation at the company level, a concept known as ‘pass-through taxation’. Given this, the LLC’s annual taxable income allocable to the partners will be taxed in the hands of the latter. This is particularly notable for US-sourced income, whereby the partner will be liable for US federal taxes.
It should be noted that LLCs and LPs are generally not eligible for the application of the benefits granted under most of the Double Taxation Conventions (DTCs) entered into by Portugal. For instance, under Article 3, paragraph a) of the Protocol of the US/Portugal DTC, LLCs will only be deemed resident in the US provided that income obtained by these corporate vehicles is effectively subject to tax in the US, either at the level of the corporation or in the hands of its partners.
This topic has already been brought to the attention of the Portuguese tax authorities, who have issued several rulings on the matter.

TIMESTAMPS:
0:00 INTRO
0:15 US LLCs taxation in Portugal
1:00 Evaluating the double tax treaty
2:00 Exemption on taxation in Portugal
3:40 outro


--------------------------------
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--------------------------------------------------
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--------------------------------------------------
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#OffshoreTax #USLLCs #TaxTreatment #NewNHR #PassThroughTaxation #USPortugalDTC #DoubleTaxation #TaxRulings #TransparentEntities #TaxRegulations #TaxationLaws #TaxAdvisory #LLCTaxation #TaxCompliance #TaxPlanning

[ Offshore Tax ] Tax Treatment of US LLCs in the New NHR.

Firstly, it should be noted that the Portuguese legal and tax system does not provide specific treatment for opaque and transparent entities such as LLCs or LPs. This presents additional challenges when assessing the applicable tax treatment to capital income perceived under the NHR regime.
As a general rule, LLCs and LPs are limited liability partnerships deemed transparent under US legislation. In this context, income flows to partners without taxation at the company level, a concept known as ‘pass-through taxation’. Given this, the LLC’s annual taxable income allocable to the partners will be taxed in the hands of the latter. This is particularly notable for US-sourced income, whereby the partner will be liable for US federal taxes.
It should be noted that LLCs and LPs are generally not eligible for the application of the benefits granted under most of the Double Taxation Conventions (DTCs) entered into by Portugal. For instance, under Article 3, paragraph a) of the Protocol of the US/Portugal DTC, LLCs will only be deemed resident in the US provided that income obtained by these corporate vehicles is effectively subject to tax in the US, either at the level of the corporation or in the hands of its partners.
This topic has already been brought to the attention of the Portuguese tax authorities, who have issued several rulings on the matter.

TIMESTAMPS:
0:00 INTRO
0:15 US LLCs taxation in Portugal
1:00 Evaluating the double tax treaty
2:00 Exemption on taxation in Portugal
3:40 outro


--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
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https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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--------------------------------------------------
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#OffshoreTax #USLLCs #TaxTreatment #NewNHR #PassThroughTaxation #USPortugalDTC #DoubleTaxation #TaxRulings #TransparentEntities #TaxRegulations #TaxationLaws #TaxAdvisory #LLCTaxation #TaxCompliance #TaxPlanning

0 0

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13LnNWdzBBUlJkb29j

[ Offshore Tax ] Tax Treatment of US LLCs in the New NHR.

April 9th