Episodios

  • Ep 56: Financial Planning Challenges In The Cross-border Space

    Ep 56: Financial Planning Challenges In The Cross-border Space
    Nov 5 2025
    I was a guest on the Smarter Planner Podcast hosted by Belle. The conversation was so engaging that, with her permission, we're sharing it with you, our audience.

    In this guest episode, Belle Osvath, CFP, and I discuss the financial challenges immigrants and foreign nationals on work visas face in the U.S., including navigating different financial systems, tax implications, and retirement planning.

    I share insights on the importance of early financial education for immigrants and the need for collaboration among financial advisors.

    The conversation also touches on the impact of recent policy changes on immigrants.

    Takeaways
    • Financial planning for immigrants requires understanding their cultural backgrounds.
    • Many immigrants and planners are unaware of the complexities of the U.S. financial system.
    • Early financial education can greatly benefit immigrants before they arrive in the U.S.
    • Collaboration among financial advisors is crucial for effective cross-border planning.
    • ax implications can vary significantly based on the client's home country.
    • Retirement accounts in the U.S. may not align with foreign tax codes.
    • Policy changes can create anxiety and uncertainty for immigrant clients - be prepared to deal with it.


    Chapters
    • 00:00 Understanding the Immigrant Financial Landscape
    • 06:02 Navigating Financial Planning for Non-Immigrants
    • 12:04 Cross-Border Financial Challenges
    • 17:52 Retirement Planning and Tax Implications
    • 23:49 The Impact of Policy Changes on Immigrants
    • 25:59 The International Money Cafe Podcast

    Episode Links and Resources

    • Michael Kitces - Navigating Challenges When Investing For Work visa Holders
    • Ep 43: How To Find A Great Cross-border Financial Planner

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    The IM Café Finance / Tax Roastery (Store) Is Live


    Grab "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode.

    If you'd like to work with us on your finances or taxes, check out the process


    ---------------------------------------------------------------------------------

    Be sure to join the conversation by visiting our page: The International Money Cafe

    Or by following us on social media:- LinkedIn; Instagram; Twitter (X); Facebook.

    ------------------------------------------------------------------------------------
    The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.
    Más Menos
    28 m
  • Ep 55: What Is English For "Is It A PFIC Or Not?"

    Ep 55: What Is English For "Is It A PFIC Or Not?"
    Oct 22 2025
    In this conversation, we discuss the complexities of Passive Foreign Investment Companies (PFICs) and their implications for U.S. tax residents with overseas investments.

    We explain what PFICs are, the tax burdens associated with them, and provide practical steps for identifying whether a foreign fund qualifies as a PFIC.

    The discussion emphasizes the importance of consulting tax professionals and understanding the tax implications of foreign investments.

    Takeaways
    • PFIC stands for Passive Foreign Investment Company.
    • PFICs are legally permissible for investment, but they come with tax burdens.
    • Growth in foreign mutual funds is taxed at income tax rates.
    • IRS Form 8621 can take up to 25 hours to complete.
    • Foreign mutual funds and retirement accounts can be PFICs.
    • Three ways of identifying if a foreign fund is a PFIC or not.

    Chapters
    • 00:00 Understanding PFICs: The Basics
    • 02:59 The Tax Implications of PFICs
    • 05:28 Identifying PFICs: Practical Steps

    Episode Links and Resources

    • Ep 26: What Is English For "PFIC?"
    • Ep 42: What is English For "Gift & Estate Taxes?"




    ---------------------------------------------------------------------------------

    The IM Café Finance / Tax Roastery (Store) Is Live


    Grab "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode.

    If you'd like to work with us on your finances or taxes, check out the process


    ---------------------------------------------------------------------------------

    Be sure to join the conversation by visiting our page: The International Money Cafe

    Or by following us on social media:- LinkedIn; Instagram; Twitter (X); Facebook.

    ------------------------------------------------------------------------------------
    The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.
    Más Menos
    9 m
  • Ep 54: A Checklist For Leaving The US On A Work Visa (Temporary Permanence).

    Ep 54: A Checklist For Leaving The US On A Work Visa (Temporary Permanence).
    Oct 8 2025
    In this conversation, we explore the unique challenges faced by individuals living and working in the U.S. on work visas, with a particular focus on the complexities of leaving the U.S. while ensuring that their financial, legal, and personal interests are protected.We discuss various strategies for managing financial obligations, ensuring legal compliance, protecting assets, and addressing family considerations, emphasizing the importance of careful planning and adaptation in navigating this transitional phase. Ultimately, we introduce a unique resource that we have created to support you on your journey. The Complete US Departure Checklist For Those On Work VisasTakeaways Leaving on a work visa presents unique challenges. Tax obligations can be complex for those with international ties.Leaving the U.S. requires careful planning to protect interests. Understanding retirement account options is essential when leavingLegal compliance is necessary to avoid future complications. Asset protection strategies are vital for real estate and investments.Family considerations are key.Effective timeline management is crucial for a seamless transition.Building a meaningful life can be achieved anywhere, despite the challenges it presents.Chapters 00:00 Navigating Life on a Work Visa04:56 Challenges of Leaving the U.S. on a Work Visa10:09 Financial Exit Strategies15:11 Legal and Administrative Considerations19:35 Asset Protection and Estate Planning Episode Links and ResourcesMichael Kitces - Navigating Challenges When Investing For Work visa HoldersEp 18: What Is English For US Situs Assets?Recovering From A Layoff On A Work Visa: Action Plan---------------------------------------------------------------------------------The IM Café Finance / Tax Roastery (Store) Is LiveGrab "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode.If you'd like to work with us on your finances or taxes, check out the process ---------------------------------------------------------------------------------Be sure to join the conversation by visiting our page: The International Money CafeOr by following us on social media:- LinkedIn; Instagram; Twitter (X); Facebook.------------------------------------------------------------------------------------The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.
    Más Menos
    20 m
  • Ep 53: What Is English For "Life Insurance?"

    Ep 53: What Is English For "Life Insurance?"
    Sep 24 2025
    In this episode, we delve into the concept of life insurance, particularly in a cross-border context.We discuss the two main types of life insurance: term and permanent, and when foreign nationals might need them.We emphasize the importance of life insurance for expatriates and foreign nationals, particularly in terms of providing financial support to families and managing estate taxes. We discuss two use cases for the different types of life insurance for foreign-born families.Takeaways Life insurance is a contract between the insured and the insurance company.Term life insurance provides coverage for a specific period.Permanent life insurance includes a cash value component.The primary purpose of life insurance is to provide income replacement for dependents.Choosing the right insurance company is crucial for cross-border policies.Estate taxes can be significantly higher for non-residents. Life insurance can help cover estate taxes for beneficiaries.Customizing life insurance policies is essential for individual needs.Chapters 00:00 Understanding Life Insurance in a Cross-Border Context02:59 Types of Life Insurance: Term vs Permanent05:47 Who Needs Life Insurance and Why?Episode Links & ResourcesAre you Tax-compliant With Your Overseas Assets? - Free Guide - Scroll to the bottom of the page.Ep 08: What Is English For "Domicile?"Do I Need A Trust, Especially On A Work Visa?Ep 42: What Is English For "Gift And Estate Taxes?"---------------------------------------------------------------------------------The IM Café Finance / Tax Roastery (Store) Is LiveGrab "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode.If you'd like to work with us on your finances or taxes, check out the process ---------------------------------------------------------------------------------Be sure to join the conversation by visiting our page: The International Money CafeOr by following us on social media:- LinkedIn; Instagram; Twitter (X); Facebook.------------------------------------------------------------------------------------The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.
    Más Menos
    9 m
  • Ep 52: L-1 Visa - 3 Must-Know Tips For Foreign Execs Moving to the U.S.

    Ep 52: L-1 Visa - 3 Must-Know Tips For Foreign Execs Moving to the U.S.
    Sep 10 2025
    We discuss the top three essential financial and tax considerations for foreign executives relocating to the US on an L-1 visa.

    We start by defining the different types of L1 visas.

    We also cover the implications of US income tax filing, considering the substantial presence test for tax residency, compliance with foreign financial assets, and estate and gift tax considerations.

    We emphasize the importance of pre-immigration planning and working with cross-border tax professionals.

    Takeaways
    • L1 visas are for foreign executives and managers.
    • US tax residents must declare worldwide income.
    • Timing your arrival affects tax obligations.
    • Pre-immigration tax planning is crucial.
    • Foreign financial assets must be reported.
    • Non-compliance with asset reporting incurs penalties.
    • Estate and gift tax implications are significant.
    • Work with professionals on both sides of the border.

    Chapters
    • 00:00 Understanding the L1 Visa and Its Implications
    • 02:47 US Income Tax Filing and Compliance for L1 Visa Holders
    • 06:07 Managing Foreign Financial Assets and Compliance
    • 09:00 Estate and Gift Tax Considerations for High Net Worth Individuals

    Episode Links & Resources

    • EP 09: Work Visas And Investing In The US
    • Ep 04: What Is The Substantial Presence Test
    • Ep 32: What Is English For "Job Loss On A Work Visa"

    ---------------------------------------------------------------------------------

    The IM Café Finance / Tax Roastery (Store) Is Live


    Grab "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode.

    If you'd like to work with us on your finances or taxes, check out the process


    ---------------------------------------------------------------------------------

    Be sure to join the conversation by visiting our page: The International Money Cafe

    Or by following us on social media:- LinkedIn; Instagram; Twitter (X); Facebook.

    ------------------------------------------------------------------------------------
    The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.
    Más Menos
    16 m
  • Ep 51: What Is English For "Tax Treaty"?

    Ep 51: What Is English For "Tax Treaty"?
    Aug 27 2025
    We delve into the complexities of tax treaties, their implications for individuals and businesses, and the importance of understanding saving clauses and various types of tax agreements.

    We highlight how tax treaties can help mitigate double taxation and the necessity of professional guidance in navigating these agreements.

    Understanding tax treaties is crucial for financial planning. Court cases can inform the interpretation of tax treaties. Professional help is recommended for navigating tax treaties. Tax treaties can vary significantly from one country to another.

    Key Takeaways

    • A tax treaty is a bilateral agreement to avoid double taxation.
    • Tax treaties determine which country has the right to tax income.
    • Saving clauses in treaties may not benefit taxpayers.
    • Approximately 70 countries have income tax treaties with the US.
    • Estate tax treaties can significantly impact taxation on assets.
    • Totalization agreements prevent double social security taxation.

    Chapters
    • 00:00 Understanding Tax Treaties
    • 03:12 The Implications of Saving Clauses
    • 05:54 Types of Tax Agreements and Their Importance

    Episode Links & Resources

    • Are you Tax-compliant With Your Overseas Assets? - Free Guide - Scroll to the bottom of the page.
    • Ep 13: Between A Rock & A Hard Place: Mitigating Double Taxation
    • U.S. Income Tax Treaties - A to Z
    • U.S. Estate & Gift Tax Treaties

    If you'd like to work with us on your finances or taxes, check out the process


    ---------------------------------------------------------------------------------

    Be sure to join the conversation by visiting our page: The International Money Cafe

    Or by following us on social media:- LinkedIn; Instagram; Twitter (X); Facebook.

    ------------------------------------------------------------------------------------
    The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.
    Más Menos
    10 m
  • Ep 50: Summer Sizzle- Your Mid-Year Financial Check-In

    Ep 50: Summer Sizzle- Your Mid-Year Financial Check-In
    Aug 13 2025
    Do you understand the importance of conducting a mid-year financial check-in, especially for those with cross-border financial needs?

    We cover various topics, including tax strategies, estate planning, insurance assessments, and preparations for college and travel that can be reviewed over the summer. We emphasize the importance of proactive financial management during the summer months, ensuring listeners are well-prepared for the remainder of the year.


    Takeaways - Things you can do mid-year as part of your summer financial check-up
    • Engaging with tax advisors in the summer is likely to yield better results.
    • Charitable giving can provide tax deductions during the summer.
    • Tax loss harvesting is a strategy to reduce taxable income.
    • Estate planning is crucial before traveling overseas.
    • College-bound kids need financial and medical powers of attorney.
    • Insurance policies should be reviewed regularly for savings.
    • Emergency funds should be assessed and adjusted as needed.
    • Consult with immigration lawyers for visa holders.
    • Review and adjust financial plans.


    Chapters
    • 00:00 Mid-Year Financial Check-In
    • 12:08 Estate Planning Essentials
    • 19:45 Insurance and Risk Management
    • 23:57 Preparing for College and Travel
    • 25:54 Final Thoughts and Summer Financial Tips

    Episode Links & Resources

    • Are you Tax-compliant With Your Overseas Assets? - Free Guide - Scroll to the bottom of the page.
    • Tax-Loss Harvesting: How To Boost Your Portfolio Gains.
    • Ten Tips On How To Pick A Tax Preparer
    If you'd like to work with us on your finances or taxes, check out the process


    ---------------------------------------------------------------------------------

    Be sure to join the conversation by visiting our page: The International Money Cafe

    Or by following us on social media:- LinkedIn; Instagram; Twitter (X); Facebook.

    ------------------------------------------------------------------------------------
    The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.
    Más Menos
    28 m
  • Ep 49: What Is English For "Net Investment Income Tax (NIIT)?"

    Ep 49: What Is English For "Net Investment Income Tax (NIIT)?"
    Jul 16 2025
    What's NIIT?

    We discuss NIIT (Net Investment Income Tax), explaining its implications for individuals with investment income and also how it applies in cross-border situations.

    We cover the statutory thresholds for the tax, what constitutes net investment income, and the reporting requirements.

    We also touch on some fascinating recent court cases that have impacted the application of the NIIT for expats and the potential for foreign tax credits.

    Takeaways
    • The Net Investment Income Tax (NIT) is a 3.8% tax on certain investment income.
    • There are specific thresholds based on the filing status: $250,000 for married filing jointly, $125,000 for single, and $200,000 for others.
    • What's included in NITT and what's excluded
    • How NIIT is impacted by Foreign investment income
    • How to cover NIIT liabilities, especially on W-2 income.


    Episode Links & Resources

    • Treaty-Based Foreign Tax Credits for the NIIT
    • Questions And Answers On NIIT From IRS
    • Are you Tax-compliant With Your Overseas Assets? - Free Guide - Scroll to the bottom of the page.
    If you'd like to work with us on your finances or taxes, check out the process


    ---------------------------------------------------------------------------------

    Be sure to join the conversation by visiting our page: The International Money Cafe

    Or by following us on social media:- LinkedIn; Instagram; Twitter (X); Facebook.

    ------------------------------------------------------------------------------------
    The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.
    Más Menos
    10 m