How do you manage overseas investments?

[chanta76]

For those of you that live abroad how do you manage your overseas investment?
For example let say you own real estate properties back in the states .
Or invest allot in stocks and collect dividends . If you live overseas do you report earnings in those countries and also have to report earnings back in the states? Granted which ever country you live in maybe different.

[Winston]

If you have stocks you manage them online or through a broker. If you have property u have a property manager that u pay to collect rent and fix the property if needed.

Only the US government wants u to report all income. Most governments dont care about overseas income, only income you earn in their country, if you are their citizen that is. If youre an expat with a residence visa you shouldn't need to pay taxes since you're not a citizen.

[Contrarian Expatriate]

For those of you that live abroad how do you manage your overseas investment?
For example let say you own real estate properties back in the states .
Or invest allot in stocks and collect dividends . If you live overseas do you report earnings in those countries and also have to report earnings back in the states? Granted which ever country you live in maybe different.

That is an extremely difficult question because the answer depends on the type of investment and the country's tax requirements.

What you need to do is get both a foreign tax attorney or accountant to describe your local obligations, and a US accountant to determine your IRS obligations. In some cases, you can write off your overseas taxes on your American tax return with the Foreign Tax Credit.

The way I handle it is my overseas bank investments are automatically paid by the foreign company to their government, or the private equity companies generates tax forms (1099 or K-1) for US clients for tax preparation purposes. These are all companies that are incorporated in the Caymen Islands, but they market and have operations in the USA so they comply with US tax laws.

For properties in the USA, you hire a property management company which provides you the tax documents each year. Dividends and capital gains from US companies are only taxable by the USA, but if you have legal residency or citizenship in other countries, they sometimes require you to pay taxes on all your income.

So seek guidance from your accountant or tax attorney before you obtain these overseas investments.

[hypermak]

These are all companies that are incorporated in the Caymen Islands, but they market and have operations in the USA so they comply with US tax laws.

Of course, nonno, of course. LOLOL

They invented the Caymen islands, few miles away from the Caywomen islands, as a tax haven just for you and investment deities like you