A Cross-Border Finance & Tax Podcast To Filter Out The Noise
Hosted by Jane Mepham, CFP & Manasa Nadig, EA
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About
The International Money Café Podcast addresses the unique financial, tax, and life challenges faced by foreign-born individuals, foreign nationals on work visas, and U.S expats living outside the U.S.
Join us as we navigate the financial complexities, decode the challenges, and provide actionable strategies for thriving financially in a global landscape.
All Episodes
Every episode gives you tips on pursuing your financial dream while staying tax-compliant, saving you hours of combing the Internet for information relevant to your situation!
Ep 69: One Cross-Border Marriage and Two Filing Statuses: How The 6013h Election Can Help!
We discuss the 6013h election, a tax provision that allows certain non-residents to file as U.S. residents.
We explore eligibility criteria, the benefits of filing jointly, and the potential drawbacks, including the requirement to report worldwide income.
We emphasize the importance of consulting a tax professional before making this election and clarify common misconceptions about related tax codes.
Key Takeaways
The 6013h election allows non-residents to file as tax residents.
Eligibility for the election includes being married and both spouses being present in the U.S.
Filing jointly can lead to lower tax brackets and higher deductions, but requires reporting worldwide income and assets.
Once made, the 6013h election can only be revoked before the tax deadline.
The election locks you into joint filing unless certain conditions are met.
Meet Your Hosts
Jane Mepham, CFP and
Manasa Nadig, EA
Jane Mepham, CFP®, and Manasa Nadig, EA, are leading experts revolutionizing cross-border financial and tax advice for green card holders, foreign-born U.S. citizens, foreign nationals on work visas, and U.S. expats.
Jane, the founder of Elgon Financial Advisors in Austin, TX, and Manasa, the founder of MN Tax & Business Services in Plymouth, MI, combine their extensive knowledge and personal experiences to provide invaluable insights on the podcast.
Explore their journeys and expertise through their blogs, LinkedIn, Twitter, and Instagram pages.
If you’d like to go beyond the podcast and explore working with us one-on-one
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Take this episode further with our exclusive companion resource. Inside, you’ll find practical tips, tools, and insights designed to help you put what you’ve learned into action right away.