The International Money Café Show Podcast By The International Money Cafe cover art

The International Money Café Show

The International Money Café Show

By: The International Money Cafe
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About this listen

 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 Economics Education Personal Finance Politics & Government
Episodes
  • Ep 47: To Toss or To Keep: Spring Cleaning Your Tax & Financial Records!

    Ep 47: To Toss or To Keep: Spring Cleaning Your Tax & Financial Records!
    Jun 18 2025
    How long do you keep your tax records?

    A shortie that packs a punch. We discuss how long you should retain your tax and other financial records.

    We explore the statute of limitations for tax records, the importance of supporting documents, and special considerations for non-residents and property sales.

    Some takeaways
    • Keep copies of all your tax records for as long as necessary.
    • The statute of limitations for tax records is three years for refunds.
    • If you never filed a tax return, keep records indefinitely.
    • Non-residents should hold onto property sale records until the issue is resolved.
    • Employment records should be kept until a Social Security application is submitted.
    And a whole lot more.
    We emphasize the importance of maintaining accurate records to ensure compliance with tax regulations and protect against potential issues with the IRS.

    Episode Links & Resources

    • Ep 11: Navigating U.S. Taxes
    • Ep 40: Avoid These Blunders With Your Cross-Border Taxes
    • Are you Tax-compliant With Your Overseas Assets? - Free Guide - Scroll to the bottom of the page.
    If you'd like to work with us on your finances or taxes, check out the process


    ---------------------------------------------------------------------------------

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

    Or by following us on social media:- LinkedIn; Instagram; Twitter (X); Facebook.

    ------------------------------------------------------------------------------------
    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.
    Show more Show less
    9 mins
  • Ep 46: Gift Or Gaffe? Reporting Cash Receipts From Foreign Persons And Navigating U.S. Tax Penalties

    Ep 46: Gift Or Gaffe? Reporting Cash Receipts From Foreign Persons And Navigating U.S. Tax Penalties
    Jun 4 2025
    Your uncle just sent you a ton of money from overseas - what are the tax implications?

    We discuss the complexities of gift taxes, particularly for individuals receiving gifts from overseas.

    We explore the annual gift tax exclusion, reporting requirements for large gifts, and the implications of receiving money from non-U.S. persons.

    The conversation also touches on exemptions to reporting requirements and the potential issues surrounding covered expatriates.

    We emphasize the importance of transparency and consulting with experts to navigate these financial matters effectively.

    Some Key Takeaways
    • Gifts over $100,000 must be reported on Form 3520.
    • Receiving money from non-U.S. persons (outside the US) generally has no tax implications.
    • The reporting threshold for gifts from foreign entities is around $17,000.
    • IRS penalties for non-filing can be significant, up to 25%.
    • Late filing of Form 3520 may allow for a reasonable cause statement.
    • Exceptions exist for qualified tuition and medical payments.
    • Consulting with financial experts is crucial when receiving large gifts.
    • Understanding covered expatriate status is important for tax implications.
    Episode Links & Resources

    • Ep 08: What Is English For "Domicile?"
    • Ep 18: What Is English For "Situs?"
    • Ep 22: What Is English For "Covered Expatriate?"
    • Are you Tax-compliant With Your Overseas Assets? - Free Guide - Scroll to the bottom of the page.
    If you'd like to work with us on your finances or taxes, check out the process


    ---------------------------------------------------------------------------------

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

    Or by following us on social media:- LinkedIn; Instagram; Twitter (X); Facebook.

    ------------------------------------------------------------------------------------
    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.
    Show more Show less
    25 mins
  • Ep 45: What Is English For "Streamlined Filing Procedures?"

    Ep 45: What Is English For "Streamlined Filing Procedures?"
    May 21 2025
    IRS expects you to report your overseas or foreign assets when you file taxes if you are a US tax resident (US citizen, Green card holder, or you meet the substantial presence test).

    Many people are unaware of the requirements, and the IRS seems to acknowledge this.

    IRS has come up with an amnesty program, which allows you to catch up and be tax compliant if you haven't reported your overseas assets.

    In this episode, we discuss the process, known as "Streamlined Filing," and explore the penalties involved, if any, as well as the proper steps to follow.


    Episode Links & Resources

    • Ep 13: Mitigating Double Taxation
    • Ep 04: Substantial Presence Test (SPT)
    • Are you Tax-compliant With Your Overseas Assets? - Free Guide - Scroll to the bottom of the page.
    If you'd like to work with us on your finances or taxes, check out the process


    ---------------------------------------------------------------------------------

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

    Or by following us on social media: - LinkedIn; Instagram; Twitter (X); Facebook

    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.
    Show more Show less
    6 mins
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