A Cross-Border Finance & Tax Podcast To Filter Out The Noise
Hosted by Jane Mepham, CFP & Manasa Nadig, EA
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About
The International Money Café Podcast addresses the unique financial, tax, and life challenges faced by foreign-born individuals, foreign nationals on work visas, and U.S expats living outside the U.S.
Join us as we navigate the financial complexities, decode the challenges, and provide actionable strategies for thriving financially in a global landscape.
All Episodes
Every episode gives you tips on pursuing your financial dream while staying tax-compliant, saving you hours of combing the Internet for information relevant to your situation!
Ep 25: Like Manna From The Heavens! What To Do If You Receive a Gift or Inheritance From a Foreign Person?
If you receive a gift or inheritance from a non-US person, you have specific reporting and tax obligations before enjoying your gift.
In this solo episode, Manasa details the thresholds, reporting forms, and tax implications based on the type of gift or inheritance.
Different thresholds apply depending on the type of gift or inheritance, such as $100,000 for gifts from non-US citizens and no threshold for gifts from foreign trusts.
She discusses some forms, like Form 3520, that may need to be filed to report foreign gifts or inheritances.
She also points out possible tax consequences that may arise if the gift is from a covered expatriate—it’s not business as usual.
One thing she points out is to watch out for possible tax obligations in the country where the event occurs – that needs a tax professional (in that country) to figure out.
Tax treaties may help avoid some possible double taxation.
Resources
Ep 22: What Is English For "Covered Expatriate"
Ep 13: Between A Rock And A Hard Place: A Guide To Mitigating Double Taxation
Meet Your Hosts
Jane Mepham, CFP and
Manasa Nadig, EA
Jane Mepham, CFP®, and Manasa Nadig, EA, are leading experts revolutionizing cross-border financial and tax advice for green card holders, foreign-born U.S. citizens, foreign nationals on work visas, and U.S. expats.
Jane, the founder of Elgon Financial Advisors in Austin, TX, and Manasa, the founder of MN Tax & Business Services in Plymouth, MI, combine their extensive knowledge and personal experiences to provide invaluable insights on the podcast.
Explore their journeys and expertise through their blogs, LinkedIn, Twitter, and Instagram pages.