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 and investment services firm located in Jerusalem. He specializes in working with clients who live outside of the United States and want to maintain a U.S. brokerage account. Doug’s newest book, co-authored with Susan Polgar, about how using chess strategies to improve your finances, Rich As A King can be purchased at www.richasaking.com. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, SIFMA, FSI. Accounts held at 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. Contact at firstname.lastname@example.org
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