Reid Kopald
Articles
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...
What US Investors Living in Canada Should Bear in Mind
It has always been easier for US index investors than for Canadians since they have more choices and lower costs. But, it becomes a lot more difficult if investors choose to move into Canada. US citizens are required to file a tax return annually, and pay appropriate taxes, although they may live outside the US. This is unlike almost ev...
Before You Plan Retirement Abroad, Find Out If Your Plan Is Qualified
If you are considering the option of retirement abroad, there are some important guidelines of which you should be aware. Are you planning on retiring abroad? If so, you will have to take a serious look at your retirement plan(s) and make sure they will work the way you need them to from a tax perspective. Ar...
Tax and Investment Advice for Expats Living in the United States
As an expat, it’s important that you familiarize yourself with some basic information about filing a tax return and reporting other information in the US. US Expats are not alone in their plight to file income taxes and report their worldwide income and assets. If you’re an expat who’s livin...
Regulations on Gifts From a Covered Expatriate May Be Changing
Last year, the IRS proposed changes to an existing policy around US Gift Tax and Persons receiving gifts or bequests from a former US Person who is a ‘covered expatriate’. In September of last year (2015), the IRS issued an NPRM (Notice of Proposed Rulemaking) 112997-10. This proposed change...
Ways in Which Your Social Security Benefits May be Reduced if You Live Overseas
Living overseas can affect the manner in which your Social Security payment amounts are calculated. When US Citizens decide to live as US Expats in another country, there are numerous factors of an overseas lifestyle which have an impact on how Social Security distributions are calculated. In this piece...