By Shalina Chatlani, Contributing Reporter
RIO DE JANEIRO, BRAZIL - Amit Ramnani, director of Ipanema Wealth, reminds U.S. expatriates that they still have time to apply some year-end tax-planning techniques. U.S. citizens who are resident in Brazil face demanding reporting requirements as they have to file income and asset declarations with both the IRS and Receita Federal in Brazil.
Mr. Ramnani explains, “U.S. expats should use this as an opportunity to review their personal circumstances and tax positions and decide whether to accelerate or defer their income and expenses this year.”
Employees may wish to defer . . .