Currencies

What the IRS Watches for When Your Payments Go Across the Border

In this fast-paced era dominated by ever-evolving technology, even a small business can find itself engaged in transactions with vendors or contractors based in a foreign country. These payments may include compensation for services, consideration for goods, etc. If you have a business partner based in a foreign country, the […]

U.S. Taxation of Foreign Currency Gains or Losses

The general rule with regard to the U.S. tax treatment of gains or losses from exchanging U.S. currency for non U.S. currency (and back) is that the gain or loss on the currency exchange will now be taxed the same as the underlying transaction. The Taxpayer’s Relief Act of 1997 […]

WSJ Article: Emerging-Market Bond Bargains
Move your 401k

This was a great article about the recent sell-off in emerging-market bonds, and the opportunity now for investors willing to take the risk. In today’s low-yield environment, emerging-market bonds can add returns while providing badly needed diversification away from the U.S. bond market.   Upside: Emerging-Market Bond Bargains Emerging-market bonds are […]

WSJ Article: Emerging-Market Rout Offers Bargains

This article spells out very clearly the incredible opportunity today for investors in emerging markets. In our opinion, all investors should be thinking globally, and maintain meaningful exposure to both equities and bonds of faster growing emerging economies.

How is the Sale of a Foreign Personal Residence Taxed in the US?
Selling Foreign Property

US citizens (and green card holders) are required to use the US Dollar as their “functional currency” for all “personal” transactions, including the purchase and sale of a foreign residence. There are actually two separate taxable transactions that occur when you sell a foreign residence – “Capital Gain” and “Exchange Rate Gain”

Moving Money: A Guide to International Wire Transfers
International Wire Transfers

The best and most common way to move currency from country to country is through a wire transfer. Wire transfers are electronic bank to bank transactions. They can be initiated directly from your bank or other financial institution, such as your investment brokerage house.

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