Reid Kopald
Articles
If I Move My Retirement (IRA, ROTH IRA, etc.) to/from the US - What Tax Impact Will It Have?
The following article aims to answer the following questions: 1. Is there a penalty for moving retirement funds from the U.S. to abroad? 2. If so, how can these penalties be avoided? 3. Are there any cases where the penalty is waived?...
QROPS Tax Consequences For Americans Living Overseas
Putting some earnings away to save for retirement is common throughout the world. But for US citizens, as well as permanent residents, who live abroad, the world of retirement accounts and pensions is hard to navigate because of complicated Internal Revenue Service regulations. Any type of foreign account, including pensions and retirement accoun...
Obtaining Green Card for Non-Resident Spouse of US Citizen - Tax Requirements
Congratulations - you’re married! If you are a US citizen and your spouse is not, you may want to obtain a Green Card or Immigrant Visa for your new spouse. In order to do so, you must certify that you are up to date with your US tax returns and attach transcripts to show proof. Form I-8...
Simple US Tax Guide for Canadian Retirement Plans
Tax and retirement planning is a very complex process that often involves accountants, finance professionals, and lawyers. But, cross-border issues make this even more complex, especially when the US-Canada tax treaty is involved and how it treats investment plans like the TFSA, RRSP, and some pensions. Below, we’ll discuss some r...
Understanding Effects of Superannuation on Your US Taxes in Australia
As an American living in the Land Down Under, you likely have many questions about “SUPA” (as it is commonly referred to by the Australians), or superannuation as it is formally known. Adding to the complexity of your tax filing requirements, you might be considered to be a “highly compensated employee”, which potentially ...
What to Do If Your US Broker Wants to Close Your Investment Account When You Live Overseas
Some U.S. brokerage firms have been changing their procedures for accounts held by Americans residing overseas. It is growing increasingly difficult for US Citizens living abroad to maintain brokerage accounts back home in the US. We are approached regularly by clients of...