Fiscal Cliff Tax Break for Your 401(k)
Good news for the millions of Americans with 401(k) plans. Buried in the Fiscal Cliff bill was a big break – you can now convert your 401(k), 403(b) and other defined contribution plans to a Roth at any time.
Entries by Christian Reeves
IRS Tax Liens
IRS’s Enforced Collection Measures and What to Do About It If you owe money to the IRS, the government will usually file a Federal Tax Lien. A tax lien is a negative mark on your credit report and “attaches” to any real estate you own. It is typically filed with your country recorder’s office. By […]
IRS Offer in Compromise
What to Do When You Owe the IRS: The Offer in Compromise The IRS Offer in Compromise (OIC) program is the most misunderstood, misrepresented, and abused tax debt resolution program in history. It reached nearly mythic status with late-night television ads promising to settle your tax debt for pennies on the dollar, and then crashing […]
IRS Bank Levies
When Your Hard-earned Money Is at Risk—The IRS Bank Levies If the IRS has levied your account, you have only 21 days to submit all the necessary documents and secure a release before the money is gone. Time is of the essence, so please contact us immediately! One of the most powerful and vicious collection […]
IRS FAQs
Frequently Asked Questions (FAQs)—IRS Tax Problems and IRS Tax Debt Relief. The IRS Offer in Compromise Program Defined 1. What is an IRS Offer in Compromise? In most cases, an IRS Offer in Compromise is a way to settle your IRS debt for less than the balance due, because you are unable to pay the […]
Swiss Banking is Dead
Swiss Banking is Finished
The Spoils of War – Big Time Tax Increases for 2013
After the war, the spoils go to the victor – 2013 tax rate increases for the Democrats
Welcome to Premier Offshore Investor
Dear New Reader, Thank you for signing up for my e-letter. Every Monday, Wednesday and Friday I will send you helpful research, information, and the occasional commentary on living, working and doing business offshore. In a few minutes, you will receive an email with additional information and links to our various Expat resources. Please watch […]
IRS Voluntary Disclosure Program Gives Big Breaks to ExPats
IRS Voluntary Disclosure Program is great news for some Expats and dual-nationals As an ExPat American, you know that you are required to file a U.S. tax return each year and report your foreign bank accounts if you have more than $10,000 offshore. If you have failed to file these forms, and want to get […]
The Real Costs of Your 401K Revealed
401(k) Fees Revealed – Get Ready for a Shock! If you have a 401(k) account with a U.S. broker, you are about to get the shock of your life. When you receive your next quarterly statement, probably between Sept. 30 and Nov. 15, do not open it without taking precautions! I suggest you take the […]
Offshore Banking is Safe!
Offshore banking is more secure and private than onshore banking. Here is the proof.
The IRS has no Problem Using Weapons of Mass Destruction
IRS Attacks Forcing High Net Worth Americans out of the Country The number of American expatriations is at a record high as tens of thousands of Americans a year are moving abroad in search of better lives. A root cause is how the U.S. government is treating its citizens these days. At least 1,788 Americans […]
Expats – Convert to a Roth ASAP!
If you are living and working abroad, convert your old IRA to a ROTH as soon as possible!
$7 Million in Gold but no Estate Plan
If you have ever attended an offshore conference, you have heard the story of two kings from Mr. Joel Nagel: Elvis Presley, whose estate was decimated by lawyers and the IRS, and Sam Walton, who left nothing but an old pickup for the vultures. Today I will tell you about Walter Samaszko Jr. of Carson […]
The Storm is Coming – Issues Moving Your Assets Offshore
The HIRE Act will turn international bankers in to unpaid IRS Agents. By: Christian Reeves Since 2011, the offshore industry has been preparing for a storm originating from the United States and its increased attention on offshore tax evasion and desire to maximize revenues from international sources. To support these collection efforts, the United States enacted […]
Warning
The only countries that offer official citizenship and second passports without residency requirements are St. Kitts and Nevis and Dominica. There are a number of websites offering “grey market” passports, but, buyers beware! The vast majority of these are scams. For example, I am often asked about offers of passports from for about $50,000. The […]
Dominica
Dominica is another Caribbean island that has been making a name for itself in the offshore world for the last several years. Its passport is not as travel friendly as St. Kitts, but the costs are much lower. Officially the Commonwealth of Dominica, this island is in the Lesser Antilles region of the Caribbean Sea, […]
St. Kitts and Nevis
St. Kitts and Nevis are two islands in the Eastern Caribbean that became independent from England in 1983 and have a history of providing privacy, asset protect, and the best second passport available. This country of 51,000 is a member of the United Nations, its primary language is English, and its currency, the Eastern Caribbean […]
New Life and New Passport
Second Passport Programs, Economic Citizenship and Passports by Investment Let’s face it; American passports are not what they once were. In fact, Americans are giving up their citizenship in record numbers. For example, the U.S. embassy in Switzerland reports that hat it had processed 411 renunciations in the first nine months of 2012. This compares […]
Offshore Bank Licenses go the way of the Dodo
Offshore Bank Licenses go the Way of the Dodo The issuance of offshore banking licenses to anyone willing to put up some cash is a thing of the past. Back in the day, if you wanted to get in to the financial services industry, all you needed to do was find a small Caribbean island […]