#FATCA of matter is: Avoid US investments – Life is too short to be about #IRS #FBAR and taxes http://t.co/X7BUyxzM1m
— US Taxation Abroad (@TaxationAbroad) October 3, 2013
The post is aimed primarily at those who are NOT “U.S. persons” (citizens and green card holders”. I have noticed that a number of “free real estate seminars” directed toward getting Canadians to:
“Buy U.S. Real Estate”
All U.S. investments create tax and compliance problems. Tax and compliance problems cost money, take time, cause anxiety and reduce your quality of life. This is what the promoters don’t tell you. To get a flavor of the kinds of problems, U.S. investments WILL cause read the following articles referenced in these tweets.
Buying US real estate? Beware the dreaded estate tax http://t.co/N11vCWwTlT – More than the Estate tax. Annual returns required 4 rentals
— US Taxation Abroad (@TaxationAbroad) October 3, 2013
A snowbird’s guide to the perils of owning #USrealestate http://t.co/usUoZaL4lR – What abt guide to perils of staying too many days in US
— US Taxation Abroad (@TaxationAbroad) October 3, 2013
How Canadians, too, can fend off the long arm of the #IRS http://t.co/YvskuBlsdc – Don't invest in US. Life is to short to be about tax
— US Taxation Abroad (@TaxationAbroad) October 3, 2013
Honestly, the best investment you can make is to avoid investing in U.S. real estate and other assets.