Featured on I Heart EBITDA: When Life Crosses a Border, So Do Your Tax Obligations
I recently sat down with Jennifer of I Heart EBITDA to talk about international tax, what I'm seeing in my practice, and why I started Pimentel LLC.
We covered a lot of ground, including:
Employees working abroad without telling their employer. Once someone works from another country, the company can have tax and payroll obligations there that it never planned for.
Investments that don't travel well. Mutual funds bought outside the U.S. can become a problem once someone moves here. Retirement accounts that are tax-deferred in the U.S. may not be treated the same way abroad. Planning before the move makes a big difference.
Reporting when no tax is owed. Gifts and inheritances from overseas, marrying someone who isn't a U.S. citizen, and holding assets outside the U.S. can all carry reporting requirements, even when there's no tax due.
Technology and client service. How I use technology in my practice, and why responsiveness should be the baseline, not a differentiator.
The most important takeaway: if any part of your life isn't purely domestic, it's worth a quick conversation. A short consultation is far less painful than discovering a problem years later.
Thank you, Jennifer, for having me.
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