The International Money Café Show

Written by: The International Money Cafe
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  • Summary

  • Foreign-born US citizens, green card holders (immigrants) in the US, and foreign nationals on temporary nonimmigrant US visas, have unique financial & US tax compliance challenges as they straddle their multi-country footprint.

    US expats living abroad have somewhat similar challenges from having to deal with US taxes and foreign obligations.

    In "The International Money Café Podcast" Jane Mepham, CFP®, and Manasa Nadig, EA, address these unique challenges over a cup of Coffee/Chai in addition to talking about life in the US.

    Join them as they filter out the noise on cross-border taxes, finances, and life in the US, and save you hours combing the internet for information relevant to your situation.

    Jane & Manasa being foreign-born, are able to address these issues from a very personal and relatable point of view every other week, as they walk the same journey and pursue their own version of the American dream.

    The views and opinions are those of the speakers, and should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.
    The International Money Cafe
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Economics Education Personal Finance Politics & Government
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Episodes
  • Ep 38: What Is English For "IRA's"?

    Ep 38: What Is English For "IRA's"?
    Feb 19 2025
    There is more than one type of individual retirement account (IRA). In this episode, we focus on the different types, including Traditional, Roth, SEP, SIMPLE IRAs, and spousal IRAs.

    We explore each type's tax advantages, eligibility, and implications, especially for individuals with cross-border considerations.

    The conversation also covers important aspects such as distributions, rollovers, conversions, and the significance of consulting financial and tax advisors for personalized advice.

    A Few Takeaways
    • An IRA is a tax-advantaged investment tool for retirement savings.
    • Traditional IRAs allow for tax-deductible contributions under certain conditions.
    • Roth IRAs are funded with after-tax dollars, allowing for tax-free growth.
    • Cross-border implications are crucial for those on work visas.
    • Consulting both financial planners and tax advisors is essential for effective retirement planning.
    • Withdrawals from traditional IRAs are taxed as ordinary income.

    Tune in for the rest of the details.


    Episode Links & Resources

    • Ep 20: What Is English For "Custodial Accounts?".
    • Ep 23: Applying For Social Security From Abroad.
    • Are you Tax-compliant With Your Overseas Assets? - Free Guide - Scroll to the bottom of the page.

    ---------------------------------------------------------------------------------
    The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

    Be sure to join the conversation by visiting our page The International Money Cafe

    Or by following us on social media:-

    Follow us on social media:- LinkedIn; Instagram; Twitter (X); Facebook
    Show more Show less
    17 mins
  • Ep 37: Tax Prep 101: Your Guide to the Ultimate Tax Pro

    Ep 37: Tax Prep 101: Your Guide to the Ultimate Tax Pro
    Feb 5 2025
    Tax season is around the corner. If you are looking for a new tax professional, we have you covered.

    In today's episode, we are going to walk you through how you select a good tax professional, especially if you have cross-border needs or assets overseas.

    The ten items or tips to consider as you select your tax professionals. If your tax preparer meets these tips, you are likely in excellent hands. The tips range from
    • Checking the preparer's history for any disciplinary actions, to service fees, to electronic filing, and realistic expectations, amongst others.

    We end the episode by explaining what to do if you see suspicious or abusive tax preparers. IRS is interested in hearing from you.

    Episode Links & Resources

    • Loving v. IRS: Treasury's Authority to Regulate Tax Return Preparers
    • Circular 230
    • Watch Out For Unrealistic Expectations and Falsely Inflating Returns
    • Are you Tax-compliant With Your Overseas Assets? - Free Guide - Scroll to the bottom of the page.
    ---------------------------------------------------------------------------------
    The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

    Be sure to join the conversation by visiting our page The International Money Cafe

    Or by following us on social media:-

    Follow us on social media:- LinkedIn; Instagram; Twitter (X); Facebook
    Show more Show less
    34 mins
  • Ep 36: What is English For "Tax IDs"?

    Ep 36: What is English For "Tax IDs"?
    Jan 22 2025
    We discuss Tax Identification Numbers (TINs). We have fun discovering what they are called in various countries.

    TINs are nine-digit numbers assigned by the Internal Revenue Service (IRS) or the Social Security Administration (SSA) for tax reporting purposes.

    We discuss the history of TINs and the introduction of the Individual Tax Identification Number (ITIN) in 1996.

    We also explain the eligibility criteria for obtaining a Social Security Number (SSN) and the process of applying for an ITIN. We highlight the importance of TINs for filing taxes, claiming treaty benefits, and opening bank accounts.

    We also mention the Employer Identification Number (EIN) used for business entities.


    Episode Links & Resources

    • Are you Tax-compliant With Your Overseas Assets? - Free Guide - Scroll to the bottom of the page.
    ---------------------------------------------------------------------------------
    The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

    Be sure to join the conversation by visiting our page The International Money Cafe

    Or by following us on social media:-

    Follow us on social media:- LinkedIn; Instagram; Twitter (X); Facebook
    Show more Show less
    11 mins

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