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 64: Your Top 5 Cross‑Border FAQs, Demystified
We tackle the complexities of cross-border taxes for American expats. We address the top five frequently asked questions expats have about their tax obligations while living abroad.
We start by emphasizing the need to file U.S. taxes even when residing overseas, noting that U.S. citizens are taxed based on citizenship rather than residency.
They also highlight the importance of reporting foreign bank accounts and the potential penalties for non-compliance with IRS regulations.
We also discuss filing jointly with a non-resident alien spouse, the implications of owning rental properties both in the U.S. and abroad, and the process of setting up a business entity in a foreign country.
Key Takeaways
You must file U.S. taxes even if living abroad.
Foreign bank accounts must be reported to avoid penalties.
Filing jointly with a non-resident spouse can have tax implications.
Rental income from abroad needs to be reported on U.S. tax returns.
Setting up a business abroad requires understanding local laws and U.S. tax obligations.
Chapters
00:00 Introduction to Cross-Border Taxes
01:18 Filing Requirements for Expats
03:55 Reporting Foreign Bank Accounts
05:41 Filing Jointly with a Non-Resident Spouse
10:17 Handling Rental Properties
14:02 Setting Up a Business Abroad
Episode Links and Resources
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Grab "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode.
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.