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Did you know that America is about the only country in the world that taxes its expatriate citizens, even if they haven’t lived or worked in the States for many years, and even if they haven’t 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 organization’s executive committee, to find out more.

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Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm specializing in working with Americans living in Israel who have investment accounts in America. Doug’s newest book, co-authored with Susan Polgar, about 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, 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 doug@profile-financial.com