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 71: DEMATS, PFICs & Provident Funds: What Indians Moving To America Need To Know
Manasa was a guest on The Expat Wealth podcast a few months ago, hosted by Richard Taylor. It was such an amazing conversation, and with Richard's permission, we are bringing it to you on this episode.
Richard and Manasa Nadig discuss the financial landscape for Indian expatriates in America.
They explore common financial assets, tax compliance issues, and the importance of pre-immigration planning.
The conversation delves into specific financial tools such as bank accounts, retirement accounts, and the complexities of PFIC reporting.
They also touch on real estate and inheritance considerations, emphasizing the need for proper reporting and planning to avoid pitfalls.
Key Takeaways
Understanding the common financial assets for Indian expats is crucial.
Bank accounts are the simplest financial tools to manage.
PFICs can lead to punitive taxation if not reported correctly.
Pre-immigration planning can help avoid financial pitfalls.
Inheritance and gifts from India must be reported to the IRS.
Real estate can be a valuable asset, but requires careful management.
Insurance policies in India may have complex reporting requirements.
The importance of understanding the differences in financial products across countries.
Tax compliance is essential for maintaining good standing with the IRS. Seeking professional advice can help navigate cross-border financial issues.
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.