Announcing My New Book – The Cross-Border Family Wealth Guide

I am excited to announce the impending release of my new book – The Cross-Border Family Wealth Guide: Advice on Taxes, Investing, Real Estate, and Retirement for Global Families in the U.S. and Abroad, with Foreward by Tim Kochis.   Whether you’re an American living abroad, or foreign-born and living in […]

Key Lessons in Cross Border Wealth Management – American Ex-Pat

As part of our article series on issues in Cross Border Wealth Management, the following is an illustration of some of the key implementation strategies we come across in helping cross border professionals manage their complex financial affairs.   “Our financial affairs are so complicated because we have stuff all […]

Considerations for U.S. Persons Purchasing Foreign Real Estate

There are many reasons why a U.S. person may want to own residential real estate in a foreign country – this article provides an overview of some of the U.S. tax rules that determine what types of disclosures are typically required.   In today’s global economy, many U.S. persons find […]

Commercial Real Estate as an Alternative to Residential Rentals
FAQs About Property Owned Abroad
Real Estate in the U.S. — the Decision to Rent or Buy
Rules for Taxing Gain on Former Second Home or Rental Home – 2008 HERA

The 2008 Housing and Economic Recovery Act (HERA), H.R. 3221, included a provision that modifies the application of the $250,000/ $500,000 exclusion, but ONLY in situations in which an individual who owns a second home or rental home converts it to use it as his/her principal residence. When the former […]

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”

Demystifying Personal Finance for American Expatriates
Demystifying Personal Finance

Overseas assignments have many wonderful benefits, though they can also be uniquely challenging. The complexity of managing one’s financial wealth often tops the list of these challenges. This is particularly true for American citizens. In order to properly guide Americans through the process of expatriation, global mobility and HR professionals ought to have a working knowledge of the financial challenges their American assignees face.