The International Money Café Show The International Money Cafe

According to migration policy data, the highest number of immigrants are trying to get to the US. For those wanting to become Americans, it's a stressful situation, and the process can last for years.

But then there is another group of people who live outside the US, some of whom have no idea they are Americans, especially because they don't have a US passport. For the record, not having a passport does not determine citizenship.

This group somehow acquired US citizenship because they were born to US citizens outside the country (probably on deployment), were born to non-immigrants in the US, or were born to US parents but left the US at a very young age. They may not be aware of it, but they are "American." in all ways possible.

We call this group "Accidental Americans."

In today's "shortie" episode, we discuss the implications of being an accidental American and the tax and financial implications of being an American overseas and make suggestions on how to deal with them. Ignorance is no defense, and you can't really ignore it.

IRS wants you to pay US taxes like other US tax persons or officially quit (exit).

We also discuss probably the most famous accidental American - Boris Johnson - a former  U.K. prime minister.

We enjoyed digging into the details of this one.

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.

Be sure to join the conversation by visiting our page The International Money Cafe

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Owning foreign or overseas rentals is very attractive, especially for foreign-born individuals with strong ties to their "home" country.

The question has also frequently come up with foreign nationals on work visas who are not going to be in the US for the long term and want to start building passive income overseas. Given the current situation in the US, we can appreciate the attractiveness of the proportion. 

There are different areas to cover, but in today's episode, we are going to answer the top five questions we see over and over again. In the future, we'll tackle more questions.

Also, if your top question is not addressed, please send it to us, and we'll add it to a future episode. 

Today's questions are:- 
How do you determine the value of the property?Are you required to report it to the IRS (your US taxes), and if so, how?What forms do you need to report rental income?Can you convert a primary resident to a rental property and vice versa, and if so, does the section 121 exclusion apply?What about the exit plan? What are the financial, tax, wealth, and cultural implications of the decision?
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.

Be sure to join the conversation by visiting our page The International Money Cafe

Or by following us on social media:-

Follow us on social media:- LinkedIn; Instagram; Twitter (X); Facebook

Translating financial and tax Legalese into English in 10 minutes or less. In today's episode, we'll explain payroll taxes.

We'll describe the what, the why, and, more importantly, what you need to know.  We'll answer the question, "What are FICA taxes?".

We'll also discuss how these payroll taxes affect workers on nonimmigrant work visas. Depending on whether you are a nonresident for tax purposes, you may be exempt from FICA taxes.

We finally touch on totalization agreements for US tax residents overseas.


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.


Be sure to join the conversation by visiting The International Money Cafe page.

Or by following us on social media:-

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The US taxes you on your worldwide income, regardless of where you live. If you live in the US and have foreign income or abroad, you have to report your foreign income on your US return.

The other country in the equation is also very interested in your income, especially if you live there. Thus, the fear of being double-taxed is real and justified.

We are going to talk about Avoiding Double Taxation.

In this episode, we'll discuss the two main ways of mitigating this issue.
FEIE - Foreign Earned Income Exclusion and FTC - Foreign Tax credits
In addition, we'll also discuss how income is classified, income sources, and tax treaties, as well as some ideas on dealing with stock options (RSU's ISO's, etc).

We'll end by discussing some financial planning opportunities that you can use in this situation. We will also discuss the idea that we are not just focused on saving taxes now but are taking a long-term approach.

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.


Be sure to join the conversation by visiting our page The International Money Cafe

Or by following us on social media:-

Follow us on social media:- LinkedIn; Instagram; Twitter (X); Facebook

Translating Financial & Tax Legalese to English in 10 minutes or less. In today's episode, we walk you through all the tax forms, you are going to need to file your taxes.

In other words, what information do you as a US resident or US nonresident need to compile your tax information?

We promise by the end of the 10 minutes, you'll have a pretty good list of all the forms you need to make this tax filing season a success.

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.

Be sure to join the conversation by visiting the page of The International Money Cafe

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Jane & Manasa

Filing taxes in the US is generally a stressful process. It's extra stressful for those who are new in the US, especially since filing taxes in the US is very different from other countries.

In this episode, we discuss different aspects of filing taxes for both US tax residents and tax nonresidents. We start by discussing dates and different deadlines. We then move on to information gathering - what are the key pieces crucial for completing US taxes?

Tax forms that you provide the info - most of these forms have already been provided to the IRS.

We then move on to refunds and some of the cultural issues that come through.

Other items we discuss include
Withholding/underholding and the consequences of that.Ways of mitigating paying high taxesForeign assets reporting, foreign income, tax treaties, foreign tax creditsHow and where to file taxes (self-software, tax-filing firms, CPAs/EAs, etc)
We end with a call to be proactive, including self-education, as the more you understand, the easier it will be to plan for the long term.

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.

Be sure to join the conversation by visiting our page The International Money Cafe

Or by following us on social media:-

Follow us on social media:- LinkedIn; Instagram; Twitter (X); Facebook