Did you know that America is about the only country in the world that taxes its expatriate citizens, even if they havent lived or worked in the States for many years, and even if they havent lived or worked there at all? So what do U.S. citizens need to know about taxation before they consider living abroad? And what is Residence-Based Taxation (RBT)? On this week’s Goldstein on Gelt show, Doug speaks to Jackie Bugnion of the ACA, who heads the tax team of the organizations executive committee, to find out more.
About the Author: Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning firm located in Jerusalem. He specializes in working with clients in New York, Florida, and Israel and is a licensed financial professional both in the U.S. and Israel. Securities are offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, SIFMA. Accounts carried by Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Doug’s newest book The Expatriates’ Guide to Handling Money and Taxes is available at www.expatguidetomoney.com. He hosts a weekly finance show, Goldstein on Gelt, on internet radio. Listen live or download podcasts. Toll-free from U.S. 1-888-327-6179, Jerusalem: (02) 624-2788. Follow on Twitter: @DougGoldstein or contact at email@example.com.
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