The International Money Café Show

The International Money Cafe
  • 5.0 (6)
  • INVESTING
  • UPDATED BIWEEKLY

Foreign-born US citizens, green card holders (immigrants) in the US, and foreign nationals on temporary nonimmigrant US visas, have unique financial & US tax compliance challenges as they straddle their multi-country footprint. US expats living abroad have somewhat similar challenges from having to deal with US taxes and foreign obligations. In "The International Money Café Podcast" Jane Mepham, CFP®, and Manasa Nadig, EA, address these unique challenges over a cup of Coffee/Chai in addition to talking about life in the US. Join them as they filter out the noise on cross-border taxes, finances, and life in the US, and save you hours combing the internet for information relevant to your situation. Jane & Manasa being foreign-born, are able to address these issues from a very personal and relatable point of view every other week, as they walk the same journey and pursue their own version of the American dream. The views and opinions are those of the speakers, and should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

  1. FEB 11

    Ep 63: What Is English For "DIIRSP"? (Delinguent International Filing)

    Manasa discusses the Delinquent International Information Return Submission Procedures (DIIRSP) offered by the IRS. This program allows individuals who have missed filing certain international information returns but have no additional taxes owed to file late without penalties. She covers eligibility criteria, the filing process, and best practices to ensure a successful submission. Takeaways   DIIRSP is a penalty-free option for missed international forms.Eligibility includes not being under IRS audit and no additional taxes owed.Common forms covered by DIRSP include 5471, 5472, and 8938.A reasonable cause statement is crucial for DIRSP submissions.Filing must be done by paper to a specific IRS address.Timely filing increases the chances of acceptance by the IRS.The DIIRSP is not for hidden income issues, only paperwork compliance.Don't DIY as mistakes can be very expensive (tens of thousands) Chapters  00:00 Understanding DIRSP: A Lifeline for Tax Filers06:43 Best Practices for Filing DIRSP Episode Links and Resources Ep 45: What Is English For "Streamlined Filing Procedures----------------------------------------------------------------------------- The IM Café Finance / Tax Roastery  (Store) Is Live Grab  "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode. If you'd like to work with us on your finances or taxes, check out the process  --------------------------------------------------------------------------------- Be sure to join the conversation by visiting our page:  The International Money Cafe Or by following us on social media:-  LinkedIn; Instagram; Twitter (X); Facebook. ------------------------------------------------------------------------------------ The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

    8 min

  2. JAN 28

    Ep 62: Mind The Gaps - 5 Top Cross-Border Pitfalls To Avoid!

    We discuss the top five blind spots that foreign nationals often encounter in their cross-border finances. We cover misunderstandings of your individual financial situation, the risks of false economies, the need to report foreign assets, and more.  We also touch on cultural adjustment and the importance of being prepared for potential changes in residency/immigration status. Takeaways Don't assume your financial situation is the same as othersFalse economy - Pay for professional servicesYour cultural background significantly influences financial decisions.Comparing financial systems between countries is just badForeign assets must be reported to avoid severe penalties.Estate planning is essential, regardless of wealth.Understanding U.S. tax obligations is crucial for foreign nationalsPreparation for potential changes in residency is vital. A comprehensive checklist can help plan for cross-border transitions. Chapters   00:00 Identifying Blind Spots in Cross-Border Finances03:00 Understanding False Economies in Financial Decisions05:51 Cultural Adjustments and Financial Planning09:05 The Importance of Reporting Foreign Assets11:55 Estate Planning Essentials for Foreign Nationals15:11 Preparing for Potential Changes in Residency (immigration status)Episode Links and Resources Ep 45: What Is English For "Streamlined Filing ProceduresEp 34: What Is English For "FBAR"Top 5 Things To Know About FBAR FilingIRS FATCA Thresholds ----------------------------------------------------------------------------- The IM Café Finance / Tax Roastery  (Store) Is Live Grab  "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode. If you'd like to work with us on your finances or taxes, check out the process  --------------------------------------------------------------------------------- Be sure to join the conversation by visiting our page:  The International Money Cafe Or by following us on social media:-  LinkedIn; Instagram; Twitter (X); Facebook. ------------------------------------------------------------------------------------ The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

    20 min

  3. JAN 14

    Ep 61: What Is English For "FATCA & FBAR Reporting"?

    We discuss the complexities surrounding FBAR and FATCA, two acronyms that often cause confusion and concern for foreign-born individuals. We explain the importance of compliance with these regulations, the filing requirements for U.S. citizens and U.S. tax residents (includes foreign nationals on work visas), and the potential penalties for non-compliance. And yes, the IRS knows about your overseas assets. We also cover the amnesty programs available for those who have missed reporting their foreign accounts. Takeaways   FBAR and FATCA are crucial for foreign-born individuals.Filing the FBAR form is mandatory if accounts exceed $10K.FATCA requires reporting of foreign accounts to the IRS.Banks report account information to the IRS under FATCA.Non-compliance can lead to significant penalties.Amnesty programs exist for those who missed filings.IRS is aware of foreign accounts through intergovernmental agreements.Rectifying non-compliance is possible and essential (But don't DIY) Chapters   00:00 Understanding FBAR and FATCA03:16 The Importance of Compliance07:57 Filing Requirements for U.S. Citizens Abroad12:25 Amnesty Programs and Penalties14:56 Rectifying Non-Compliance Episode Links and Resources Ep 45: What Is English For "Streamlined Filing Procedures"?Ep 34: What Is English For "FBAR"?Top 5 Things To Know About FBAR FilingIRS FATCA Thresholds ----------------------------------------------------------------------------- The IM Café Finance / Tax Roastery  (Store) Is Live Grab  "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode. If you'd like to work with us on your finances or taxes, check out the process  --------------------------------------------------------------------------------- Be sure to join the conversation by visiting our page:  The International Money Cafe Or by following us on social media:-  LinkedIn; Instagram; Twitter (X); Facebook. ------------------------------------------------------------------------------------ The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

    17 min

  4. 12/31/2025

    Ep 60: Trump Accounts: US Expats And Visa Holders?

    Trump Accounts. You are a foreign national on a work visa in the U.S., or you're a U.S. expat outside the U.S. Can you use the Trump account? We discuss the newly introduced Trump accounts, designed to provide financial support for children born after December 2024. We explore the account's features, including the initial government contribution, investment options, and withdrawal restrictions. We also compare them to other investment vehicles, address potential concerns, and highlight the importance of understanding the implications for financial aid and long-term planning, especially when you are here on a non-immigrant visa. Chapters 00:00 Introduction to Trump Accounts02:47 Understanding the Basics of Trump Accounts06:03 Investment Options and Restrictions08:57 Distribution Rules and College Savings12:13 Comparing Trump Accounts with Other Investment Options15:07 Attractions and Concerns of Trump Accounts18:04 Final Thoughts and ConclusionEpisode Links and Resources Ep 20: What Is English For "Custodial Accounts?Ep 17: Busting College Funding Myths For First Gen KidsTrump Accounts Give The Next Gen A Jump Start ----------------------------------------------------------------------------- The IM Café Finance / Tax Roastery  (Store) Is Live Grab  "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode. If you'd like to work with us on your finances or taxes, check out the process  --------------------------------------------------------------------------------- Be sure to join the conversation by visiting our page:  The International Money Cafe Or by following us on social media:-  LinkedIn; Instagram; Twitter (X); Facebook. ------------------------------------------------------------------------------------ The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

    21 min

  5. 12/17/2025

    Ep 59: What is English for "Expired Green Card?"

    What are the implications of having an expired green card?. Tax obligations continue to exist for green card holders even after their status has lapsed. We discuss the importance of understanding both IRS and USCIS regulations, the process of officially surrendering a green card, and the challenges associated with renewing it while living outside the U.S. Takeaways   Your green card may have expired, but you remain a green card holder until officially surrendered.You could be subject to exit taxes if you surrender your green card after being a resident for a certain period.If you lose your green card, you must replace it before surrendering it.You cannot renew an expired green card while outside the U.S.An expired green card does not equate to a surrendered green card; there is an official process to follow.Chapters   00:00 Understanding Expired Green Cards and Tax Obligations04:03 The Process of Surrendering a Green Card07:47 Renewal Challenges and Immigration Considerations Episode Links and Resources Ep 30: What Is English For A "Green Card?"USCIS: Replace A Green Card --------------------------------------------------------------------------------- The IM Café Finance / Tax Roastery  (Store) Is Live Grab  "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale. If you'd like to work with us on your finances or taxes, check out the process  --------------------------------------------------------------------------------- Be sure to join the conversation by visiting our page:  The International Money Cafe Or by following us on social media:-  LinkedIn; Instagram; Twitter (X); Facebook. ------------------------------------------------------------------------------------ The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

    12 min

  6. 12/03/2025

    Ep 58: Amazon Visa Holder Laid Off? - Your Financial Game Plan

    This episode addresses the challenges faced by foreign nationals on work visas who have been laid off, particularly from tech companies like Amazon. The hosts provide actionable steps to navigate the emotional and practical aspects of job loss, including immigration considerations, financial assessments, and health insurance options. They emphasize the importance of quick action, networking, and maintaining a positive mindset during this difficult time.  Takeaways   Dealing with a layoff is emotionally challenging, especially for foreign nationals.It's crucial to act quickly to manage your immigration status after a layoff.Consulting with an immigration lawyer is essential for understanding your options.Consider switching to a B-2 visitor visa to spend more time in the U.S. Financial assessment is critical during the first few weeks after a layoff.Health insurance options like COBRA should be explored immediately.Networking and updating your resume should be immediate priorities.Family support can be vital during a job search.Maintaining a positive mindset is key to overcoming challenges.Explore job opportunities in other countries if returning home isn't an option. Chapters   00:00 Navigating Layoffs for Foreign Nationals10:27 Emergency Mode: Financial Assessment and Job Search13:17 Practical Steps for Job Search16:57 Health Insurance and Immigration Considerations20:51 Empowerment and Moving Forward Episode Links & Resources Amazon Employees Impacted By the 30K Job Cuts - An Immediate Game Plan Restricted Stock Units On Work Visas Ep 54: Challenges Of "Temporary Permance" - Leaving The US On A work Visa Ep 19: Mitigating The Threat Of A Work Visa on Your Financial Plan Investing For Non-Immigrant Visa Holders: Challenges & Tax Implications --------------------------------------------------------------------------------- The IM Café Finance / Tax Roastery  (Store) Is Live Grab  "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale. If you'd like to work with us on your finances or taxes, check out the process  --------------------------------------------------------------------------------- Be sure to join the conversation by visiting our page:  The International Money Cafe Or by following us on social media:-  LinkedIn; Instagram; Twitter (X); Facebook. ------------------------------------------------------------------------------------ The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

    22 min

  7. 11/19/2025

    Ep 57: What Is English For "The New Remittance Tax"?

    This conversation discusses the implications of the One Big Beautiful Bill Act, which introduces a 1% excise tax on remittance transfers starting January 1, 2026. The goal is to raise approximately $10 billion over the next decade. We explain how this tax will affect American families sending money abroad, the collection process, and planning strategies to mitigate the impact of this new tax. We emphasize the importance of understanding the tax's application and exploring alternative methods for sending money to avoid additional fees.  We have a new checklist to help you plan for the new tax and hopefully avoid it. Takeaways   A 1% tax on international money transfers will take effect in 2026.   The tax applies to all remittance transfers by US citizens,  residents, and foreign nationals on work visas – (Everyone)Providers will collect the tax on behalf of the IRS.Planning for the tax is essential to managing costs effectively. Some transfers may be exempt, based on the institutions used or the methodology.A checklist is available to help plan for the new tax. Grab the Remittance Checklist here Chapters 00:00 Introduction to the New Tax on Remittances02:45 Understanding the Impact of the Tax05:56 Planning for the New Remittance Tax --------------------------------------------------------------------------------- The IM Café Finance / Tax Roastery  (Store) Is Live Grab  "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode. If you'd like to work with us on your finances or taxes, check out the process  --------------------------------------------------------------------------------- Be sure to join the conversation by visiting our page:  The International Money Cafe Or by following us on social media:-  LinkedIn; Instagram; Twitter (X); Facebook. ------------------------------------------------------------------------------------ The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

    8 min

  8. 11/05/2025

    Ep 56: Financial Planning Challenges In The Cross-border Space

    I was a guest on the Smarter Planner Podcast hosted by Belle. The conversation was so engaging that, with her permission, we're sharing it with you, our audience. In this guest episode, Belle Osvath, CFP, and I discuss the financial challenges immigrants and foreign nationals on work visas face in the U.S., including navigating different financial systems, tax implications, and retirement planning. I share insights on the importance of early financial education for immigrants and the need for collaboration among financial advisors. The conversation also touches on the impact of recent policy changes on immigrants. Takeaways   Financial planning for immigrants requires understanding their cultural backgrounds.Many immigrants and planners are unaware of the complexities of the U.S. financial system.Early financial education can greatly benefit immigrants before they arrive in the U.S.Collaboration among financial advisors is crucial for effective cross-border planning.ax implications can vary significantly based on the client's home country. Retirement accounts in the U.S. may not align with foreign tax codes.Policy changes can create anxiety and uncertainty for immigrant clients - be prepared to deal with it. Chapters   00:00 Understanding the Immigrant Financial Landscape06:02 Navigating Financial Planning for Non-Immigrants12:04 Cross-Border Financial Challenges17:52 Retirement Planning and Tax Implications23:49 The Impact of Policy Changes on Immigrants25:59 The International Money Cafe Podcast Episode Links and Resources Michael Kitces - Navigating Challenges When Investing For Work visa HoldersEp 43: How To Find A Great Cross-border Financial Planner --------------------------------------------------------------------------------- The IM Café Finance / Tax Roastery  (Store) Is Live Grab  "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode. If you'd like to work with us on your finances or taxes, check out the process  --------------------------------------------------------------------------------- Be sure to join the conversation by visiting our page:  The International Money Cafe Or by following us on social media:-  LinkedIn; Instagram; Twitter (X); Facebook. ------------------------------------------------------------------------------------ The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

    28 min
See All (65)

Trailer

Ratings & Reviews

5
out of 5
6 Ratings

About

Foreign-born US citizens, green card holders (immigrants) in the US, and foreign nationals on temporary nonimmigrant US visas, have unique financial & US tax compliance challenges as they straddle their multi-country footprint. US expats living abroad have somewhat similar challenges from having to deal with US taxes and foreign obligations. In "The International Money Café Podcast" Jane Mepham, CFP®, and Manasa Nadig, EA, address these unique challenges over a cup of Coffee/Chai in addition to talking about life in the US. Join them as they filter out the noise on cross-border taxes, finances, and life in the US, and save you hours combing the internet for information relevant to your situation. Jane & Manasa being foreign-born, are able to address these issues from a very personal and relatable point of view every other week, as they walk the same journey and pursue their own version of the American dream. The views and opinions are those of the speakers, and should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

Information