[uam_ad id="317182"]

By Howard Borsden, Financial Advisor

RIO DE JANEIRO, BRAZIL – Many U.S. expatriates and also Non-U.S. citizens who are Green Card holders invest into Offshore Investment Based Life Assurances, which give access to a range of Mutual Funds. In particular in Brazil – many U.S. expatriates and Green Card holders have investment accounts in which they hold Brazilian Mutual Funds.

In general these are poor investment choices with high tax costs and tax risks – from a U.S. tax compliance and reporting perspective.
 
The United States tax system imposes its income tax and its estate and gift tax . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?