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Updated IRS guidelines for inherited retirement accounts

17 Apr 2024

Understanding tax extensions and payment obligations 2024

16 Apr 2024

A comprehensive guide to IRS Form 56 for expats

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Wise

This is the best way that we personally use and recommend to our clients. You will not have to pay wire transfer fees (normally they are between $40 and $60). Wise also offers the best FX conversion rate in the industry - 0.5% for most currencies to USD. (e.g. the cost to convert and send GBP to $500 is £2)

We use this service for international transfers regularly and highly recommend it. It’s the cheapest & most efficient method to send funds across countries & currencies.

MOREOVER — IF YOU SIGN UP USING THE LINK BELOW, YOUR FIRST PAYMENT WILL BE FREE (See ‘To set up the Transfer’). Here are Economist magazine, the Telegraph and USA Today articles about Wise.

With Wise, you can make payments to TFX in these currencies:

PLEASE NOTE — that when sending money via Wise, the destination currency must be USD (we can't accept EUR or any other currency).

Currency	Description
AED	Emirati Dirham within the UAE.
AUD	Australian dollar within Australia.
BGN	Bulgarian lev within Bulgaria.
BRL	Brazilian real within Brazil - Wise can only send payments from private individuals within Brazil. Currently you cannot send business payments from BRL.
CAD	Canadian dollar within Canada.
CHF	Swiss franc within Switzerland and Liechtenstein.
CZK	Czech koruna within the Czech Republic.
DKK	Danish krone within Denmark.
EUR	Euro through Wise we can receive euros from SEPA-compliant bank accounts within SEPA. We can also receive euros through SWIFT from outside the SEPA zone.
GBP	British pounds with bank accounts with an IBAN.
HKD	Hong Kong dollar within Hong Kong.
HRK	Croatian kuna within Croatia.
HUF	Hungarian forint within Hungary.
INR	Indian rupee through Wise TFX can only receive INR from Indian residents.
JPY	Japanese yen within Japan.
MYR	Malaysian ringgit within Malaysia.
NOK	Norwegian krone within Norway.
NZD	New Zealand dollar within New Zealand.
PLN	Polish złoty within Poland.
RON	Romanian leu within Romania.
TRY	Turkish lira through Wise TFX can receive TRY locally from within Turkey and internationally through SWIFT.
SEK	Swedish krona within Sweden.
SGD	Singapore dollar within Singapore.

How to transfer money with Wise:

via this link to have your first transfer free: http://taxesforexpats.com/wise - if this is your first transaction, you will need to first set up your personal details.

Set up the transfer. Input the amount in USD we must receive in the bottom field. The system will automatically calculate the amount in local currency you will need to provide. In the example below, you are sending us 500 USD from EUR.
PLEASE NOTE — the ‘recipient currency’ must be set to USD.

Choose new recipient (Business or charity)

On the next screen please start by typing our billing email address wire@taxesforexpats.com into the "Their email" field.
In the "Name of the business / charity" type Taxes for Expats
After you do this, Wise will suggest that we are already on their platform and you can use the bank account they suggest (USD account ending with *350)

ACH domestic
Account holder	Taxes for Expats L.P.
Routing number	026073150
Account number:	822000095412
Account type:	Checking
Wise's address:	30 W. 26th Street, Sixth Floor New York NY 10010 United States

INTERNATIONAL
Address	Wise Europe SA, Square de Meeûs 38 bte 40 Brussels, 1000, Belgium
Bank code (SWIFT / BIC)	TRWIBEB1XXX
IBAN (to receive EUR from the EU only)	BE98 9670 3423 4393
Account holder	TW Taxes for Expats LP

INTERNATIONAL
Address	56 Shoreditch High Street, London, E1 6JJ, United Kingdom
UK sort code	23-14-70
Account number	16054127
Account holder	Taxes for Expats LP

INTERNATIONAL
Address	Wise, 36-38 Gipps Street, Collingwood VIC, 3066, Australia
BSB code	802-985
Account number	116725496
Account holder	Taxes for Expats LP

Updated IRS guidelines for inherited retirement accounts

Understanding tax extensions and payment obligations 2024

A comprehensive guide to IRS Form 56 for expats

Updated IRS guidelines for inherited retirement accounts

Understanding tax extensions and payment obligations 2024

A comprehensive guide to IRS Form 56 for expats

TFX Mobile app

Phone

Contacts

Wire transfer instructions

Wise

With Wise, you can make payments to TFX in these currencies:

How to transfer money with Wise:

Sign up

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US dollar

Euro

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Australian dollar