PREP Podcaster - ”Success Favours The PREPared Mind”
News:News Commentary
April 18, 2024 - Participants include:
Darren Coleman - Coleman Wealth
John Richardson - @Expatriationlaw
This podcast is crossposted from Darren Coleman's Two Way Traffic podcast. The original podcast and description is here:
https://twowaytraffic.transistor.fm/episodes/leaving-las-vegas-or-anywhere-else-in-the-us-exit-taxes-and-the-price-of-leaving-america
AI generated description:
"In this insightful episode of "Two-Way Traffic", Darren Coleman engages with renowned cross-border attorney John Richardson of CitizenshipSolutions.ca, in a comprehensive and enlightening discussion around the legal, taxation, and financial complexities associated with living and holding wealth across the U.S and Canadian borders.
The conversation brings into sharp focus the hefty regulations and penalties American citizens and green-card holders are subjected to, regardless of their physical presence in the U.S territory. Richardson talks extensively about the seemingly maze-like tax landscapes which often lead to inadvertent non-compliance with the U.S tax laws.
Adding more depth to this complex scenario, Richardson emphasizes the importance of professional guidance for understanding individual situations and mitigating the emotional distress associated with unfamiliar tax landscapes. The dialogue concludes with a look at the alternatives available for those looking to untangle their U.S. affiliations and reduce the risk of potential penalties.
Featuring an in-depth exploration of treaty residency provisions, potential tax liabilities and punitive exit taxes, this conversation serves as a valuable guide for understanding and navigating the intricacies of U.S taxation laws and their potential repercussions, especially for Green Card holders moving back to Canada. Our expert panel's reflections on the 'closer connection rule' and ‘tax treaty tiebreak provisions’ offer practical insights for individuals trying to navigate their tax obligations.
Rich with real-life experiences, tips and essential cautionary insights, this podcast's ending note underlines the importance of specialized tax advisory in managing cross-border financial matters. This episode of 'Two-Way Traffic' serves as an engaging and informative guide into the intricate world of cross-border finance, giving listeners a deeper appreciation of tax laws and estate management, and insight into next steps towards strategic financial planning."
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A Proposed Pillar 3 For International Tax Reform: Individuals Should Be Tax Residents Of Only One Country At A Time
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For Good And Evil: The Teaching Of Charles Adams Lesson 7
FATCA Thoughts From 2019: @Tpsmyth01 - @ADCSovereignty Trial Podcast
Smarter Social Security With Dan Mazzola, CFA, CPA - Don‘t Leave Money On The Table (especially Americans abroad)
Why The Fate Of Americans Abroad Is Not The Same As The Fate Of The Passengers On The Titanic
Renouncing US Citizenship: Two Solitudes - Separating Immigration/Nationality From Tax
For Good And Evil: The Teaching Of Charles Adams Lesson 6
The Good, The Bad and The Ugly: SEAT Analyzes Beyer HR 6057 - Is It Really Tax Simplification For Americans Abroad?
The Importance Of US Social Security For Americans Abroad
For Good And Evil: The Teaching Of Charles Adams Lesson 5
For Good And Evil: The Teaching Of Charles Adams Lesson 4
For Good And Evil: The Teaching Of Charles Adams Lesson 3
An Update With Ronald Aries (”The Dutch Pilot”): Catching Up With Him On The Eve Of His November 11 FATCA Appeal
Foreign Trusts With CPA Gary Carter: Forms 3520, 3520A And IRS Penalties
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