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Tag: irs

15 Jan
Understanding How To Use A 1031 Like-Kind Exchange When Investing In Property Overseas

Understanding When You Can Use A 1031 Like-Kind Exchange When Investing In Property Overseas

At the Live and Invest in Belize Conference this week, several attendees asked about using a 1031 like-kind exchange to move capital overseas. Specifically, they wanted to sell investment property in the United States and use the proceeds to invest offshore. A 1031 like-kind exchange is an IRS mechanism that allows an investor to exchange […]

07 May
Transportation Bill Allows IRS To Revoke U.S. Passports

Transportation Bill Allows IRS To Revoke U.S. Passports

I’d say that a second passport is a more critical piece of your global diversification plan right now than ever before.The U.S. Senate has passed a transportation bill that includes a section giving the IRS the power to revoke the passport of any American who the IRS decides might owe US$50,000 or more in taxes. […]