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Archive for Maurice Glazer

Tax Compliance: What You Need To Know Before You Travel

Thinking of moving to Mexico or Belize to live comfortably? Are you making an income in Mexico or the US you have not reported to the US government? Mexico has changed their tax laws and tax penalties and you need to be aware of them. Mexico now wants to know how much money you have in your US ban accounts.

You must be compliant and Maurice Glazer shares his experience working with taxpayers who decided to move to Belize or Mexico to live. Avoid getting arrested and having your US passport confiscated by being compliant. Read more

Tax Senior Or Tax Administrator – Dallas, Texas

Maurice Glazer

Established and growing tax and financial practice seeks Tax Senior for highly established tax and financial planning practice. We have high net worth clients who require  tax preparation, bookkeeping and financial services we provide them. This Read more

Tax Considerations When Dealing With Foreign Transactions

Maurice Glazer

Tax Considerations When Dealing With Foreign Transactions

As a follow-up to questions, about tax considerations when dealing with foreign transactions , one of the big areas of concern is the area of foreign entities and the income effects that they have on our person tax returns. Controlled Foreign Corporations have a unique capability of delaying the paying of tax until the income is Read more

Beware: Expatriates Who Have Lived Offshore For Long Periods of Time

Maurice Glazer

As a follow-up to my post on listening to Foreign individuals who sell investments off shore but do not know United States Tax Law, I would like to say that there are many individuals who live off shore and have never filed tax returns. The issue is that if an individual owes Federal Tax in excess of $50,000 they could lose their United States passport. Many people who say they never owed that much Read more

Definition of Financial Institutions As It Applies To Foreign Investments

Maurice Glazer

As we are working on tax returns for many U.S. clients with international investments, we find that there is a false sense of security based on the information from the people who sell them the foreign investment. There are two issues that are of concern. For the tax payer, who is filing their return, if we fail to do the correct thing there is a minimum civil penalty of $10,000 or a penalty of 50%  of the value of the asset. Another important issue Read more

College Funding Options

Several ways to save for tuition and/or expenses.

How can you cover your child’s future college costs? Saving early (and often) may be the key for most families. Here are some college savings vehicles to consider. 529 plans. These state-sponsored college savings plans let you put away up to $13,000 Read more