Tax rules shouldn’t hold you back from building a life abroad, but for many Americans living overseas, that’s exactly what happens. Marylouise Serrato of American Citizens Abroad (ACA) unpacks the real struggles expats face, from filing U.S. tax returns while living abroad to dealing with confusing rules around foreign investments. Sound overwhelming? Well change might finally be on the way.
From the fight to end worldwide taxation to surprising pitfalls like PFICs and foreign pension plans, this episode sheds light on what’s broken and what’s being done to fix it. If you’re juggling Israeli life with American tax rules, this one’s a must-listen.
Key Takeaways:
- Citizenship-based taxation is outdated and creates financial headaches for Americans abroad.
- Investing outside the U.S. can trigger unexpected tax problems if you’re not careful.
- A push for residence-based taxation could bring long-overdue relief for expats.
The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and resources mentioned in the show, go to https://goldsteinongelt.com/radio-show
The information provided here is intended for educational purposes only and is not to be considered legal, tax, or investment advice. Securities offered through Portfolio Resources Group, Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not those of Portfolio Resources Group, Inc. or its affiliates.
