Marina Hernandez, as a special guest of 52 Pearls: Weekly Money Wisdom podcast! Marina spoke with Melissa Joy, CFP® about the complex financial planning issue expat families must consider and how expat families can find assistance with the U.S. tax code. What You’ll Learn In This Podcast Episode Do I still need to file taxes in the US if I move abroad for work? The US practices citizenship-based taxation; How
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Upheaval, Values, and Adaptability in the Profession
Marina Hernandez, as a special guest of You’re a Financial Planner…Now What? Podcast! Marina spoke with Matt Fizell, CFP®, about forging your career path in an unpredictable world, and the interesting tax and financial planning needs of Americans living overseas. Hear more of Marina’s thoughts by listening to the episode — including how planners, firms, and the next generation can create meaningful diversity and inclusion in the profession. What You’ll Learn
Welcome to our first Summer Associate, Justin Halvorson!
Swiss American Wealth Advisors welcomes Justin Halvorson as a Marketing Associate in our first ever Summer Associate Program! We at Swiss American Wealth Advisors believe that financial planning can transform people’s lives. Swiss American was founded with the desire to empower multinational families to live meaningful lives, by aligning their finances with their values. Starting May of 2021, Justin has joined Swiss American Wealth Advisors to help us develop a
Buying a home in Switzerland? Understand these key five issues first
Owning your own home can be very rewarding as ownership gives you a sense of security and pride, allows you to customize your home to your liking (of course within limits in Switzerland) and to build equity and benefit from future home price appreciation. But homeownership in Switzerland also carries some risks and comes with potentially unexpected challenges, especially if you are a US citizen or green card holder. The
‘HELP! I received my third stimulus payment check abroad. How can I cash it?’
Around a year ago, when the first coronavirus stimulus law – the so-called CARES Act – was signed into law by President Trump, we at The Crossborder Planner received lots of messages from Americans living abroad, who all shared the same problem: they didn’t know how to cash their IRS check abroad. Fast forward to today, as the IRS is beginning to distribute the third round of U.S. government-funded Economic
Top 16 U.S. Expat Tax Myths – Part 2
Creative tax advice from neighbors, friends, and store clerks is not limited to the U.S. Marina Hernandez of Swiss American Wealth Advisors lists and debunks the second half of the top 16 tax myths for Americans living abroad in Part 2 of a two-part article. Creative tax advice from neighbors, friends, and store clerks is not limited to the U.S. For Americans living abroad, tax misinformation tends to thrive in
Top 16 U.S. Expat Tax Myths – Part 1
Creative tax advice from neighbors, friends, and store clerks is not limited to the U.S. Marina Hernandez of Swiss American Wealth Advisors lists and debunks eight of the top 16 tax myths for Americans living abroad in Part 1 of a two-part article. Creative tax advice from neighbors, friends, and store clerks is not limited to the U.S. For Americans living abroad, tax misinformation tends to thrive in online expat
A Reader Asks: ‘I renounced in 2019, but I got a CARES Act payment anyway. What should I do?’
One of those stories quietly running in the background of the Covid-19 pandemic has been that of the American expats who have struggled to obtain the so-called CARES Act stimulus payments they’re supposed to be receiving – even as people who aren’t U.S. citizens, and therefore shouldn’t be receiving them, have been. One such person is a former American whom we’ll call Franz, who lives in Switzerland, and who renounced his U.S. citizenship in
Second Covid-19 Economic Impact Payments – What U.S. expats need to know
After initially refusing to sign a long-awaited second coronavirus relief package, which had managed to eventually make it through both houses of Congress – on the grounds that it didn’t offer America’s out-of-pocket taxpayers enough – President Trump finally signed it into law on Sunday evening. Here, U.S.-based, U.S. expat tax specialist Marina Hernandez, founder and principal of Crossborder Planner, explains what American expats need to know about the legislation…
IRS Reporting Relief for U.S. Taxpayers with Certain Foreign Pensions
The IRS released Revenue Procedure 2020-17, which will be published in the Internal Revenue Bulletin on March 16th, 2020 and could have implications for your 2019 tax return. What’s the big deal about this new Rev. Proc? It provides relief to US participants of foreign pensions and other tax favored foreign accounts. This article will focus on the relief on foreign pension reporting, which can be one of the biggest headaches for
