By Jay Forte, Contributing Reporter
RIO DE JANEIRO, BRAZIL - Many United States citizens living overseas are unaware of the potential tax liabilities they could be facing in near future. To help out the Rio-based firm Ipanema Wealth, which is operated by British expatriate Amit Ramnani, offers financial and tax planning considerations.
The main concern is complying with FATCA (Foreign Account Tax Compliance Act), which mandates that U.S. individual taxpayers must report information about certain foreign financial accounts and offshore assets if the total asset value exceeds a specific reporting . . .