Expatriation Planning – Getting Out Without Getting Killed With Taxes
Thinking about expatriating? Do you know what it entails? Do you know what the tax consequences are? Expatriating can have serious tax consequences, but with…
Thinking about expatriating? Do you know what it entails? Do you know what the tax consequences are? Expatriating can have serious tax consequences, but with…
FATCA stands for the Foreign Account Tax Compliance Act, in case you didn't know. Although not everyone knows what FATCA stands for, they are…
As an American Living Abroad, What I can Invest In? Investing for Americans Living Abroad is tricky. U.S. financial institutions won't open investment accounts…
In this webinar recording by Jimmy Sexton, LL.M., he gives a detailed explanation of the IRS Streamlined Procedures. You'll get the answers to such…
We know, everyone’s heard, everyone knows and everyone is aware that OVDP is ending, but we felt it couldn’t hurt to give one last…
OVDP closing. FATCA Enforcement Starting! The IRS recently announced the end of OVDP. What does this mean for taxpayers with unreported foreign income or…
Filing Requirements of Americans Abroad Our very own Senior Tax Consultant, Rainer Fiege-Kollmann, EA, recently had his article Filing Requirements of Americans Abroad published in the…
Filing Requirements of Americans Abroad Our very own Senior Tax Consultant, Rainer Fiege-Kollmann, EA, recently had his article Filing Requirements of Americans Abroad published in the…
Are you a self-employed U.S. expat? If so, don't miss this video where our Founder & CEO, Jimmy Sexton, talks about the tax nuances…
Muslims are required to arrange their affairs such that their estates are distributed pursuant to Sharia law’s share system.
This is easily accomplished with assets located within a Sharia law country because estates are, by default, distributed according to Sharia law’s share system.
Ensuring assets located outside of a Sharia law country are distributed in accordance with Sharia law is not quite so straight forward, however. The reason is that many countries don’t recognize Sharia law and, absent advanced planning, will distribute estates in accordance with local law rather than Sharia law. Even if the country where the assets are located recognizes Sharia law estate distribution principles, they likely won’t recognize the concept of plural marriage, meaning assets passed to any wife, other than the first wife, would likely be subject to estate tax.