Blog
Submitted by Creveling & Creveling Private Wealth Advisory on April 10th, 2013
By Chad Creveling, CFA and Peggy Creveling, CFA
While most expat Americans are aware of the Foreign Account Tax Compliance Act (FATCA) and the increased reporting requirements for foreign holdings, many are still unaware of the IRS’s particularly harsh tax treatment of foreign-incorporated investments such as overseas mutual funds and pension plans. As a direct consequence of increased reporting from FATCA, we are also likely to see more rigorous enforcement of the IRS’s Passive Foreign Investment Corporation (PFIC) rules. This article is intended to help you understand PFIC rules so that you can minimize the U.S. tax consequences of investing overseas and avoid penalties, both now and over the long run.
Submitted by Creveling & Creveling Private Wealth Advisory on March 12th, 2013
By Chad Creveling, CFA and Peggy Creveling, CFA
Submitted by Creveling & Creveling Private Wealth Advisory on February 28th, 2013
By Chad Creveling, CFA and Peggy Creveling, CFA
This article is for general information purposes only and is not intended as specific tax advice. Please consult your tax advisor for advice relevant to your situation.
By Peggy Creveling, CFA and Chad Creveling, CFA
Submitted by Creveling & Creveling Private Wealth Advisory on August 27th, 2012
By Peggy Creveling, CFA and Chad Creveling, CFA
Creveling & Creveling protects its clients’ privacy. The following is a fictitious example designed to demonstrate the type of financial decision-making required to achieve financial security and does not refer to any specific case.
Submitted by Creveling & Creveling Private Wealth Advisory on May 22nd, 2012
By Chad Creveling, CFA and Peggy Creveling, CFA
“I don’t open U.S. accounts, period,” said Su Shan Tan, head of private banking at Singapore-based DBS―Southeast Asia’s largest lender―in a recent Bloomberg article.
Submitted by Creveling & Creveling Private Wealth Advisory on October 24th, 2011
By Peggy Creveling, CFA and Chad Creveling, CFA
Submitted by Creveling & Creveling Private Wealth Advisory on September 6th, 2011
By Chad Creveling, CFA and Peggy Creveling, CFA
This article is for general informational purposes only and is not intended as specific tax advice. Please consult your tax advisor for advice relevant to your situation.
Submitted by Creveling & Creveling Private Wealth Advisory on January 31st, 2011
By Chad Creveling, CFA, and Peggy Creveling, CFA
At some point, those of us living overseas may consider investing in one of the many offshore investment schemes that are actively marketed to expatriates. And it’s understandable why—the promotional literature for these plans can be pretty compelling. The sales pitch might go something like this:
Submitted by Creveling & Creveling Private Wealth Advisory on January 10th, 2011
By Chad Creveling, CFA and Peggy Creveling, CFA
A chance to earn significantly higher interest rates on your deposits with the only downside being that you might be converted to a currency you could probably use anyway is pretty appealing, particularly given the paltry yields offered on cash these days. That’s what dual currency deposits promise.
