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MODIFICATIONS

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We grant you a limited, non-exclusive, non-transferable, revocable license, without any right to sublicense, to use our Website strictly in accordance with the Terms. You may use the Website solely for personal, non-commercial purposes, and not for republication, distribution, assignment, sublicense, sale, preparation of derivative works, or any other use. Commercial use of any content on the Website is absolutely forbidden. You may not print out or use an electronic version of any part of our Website. You agree not to copy materials, content or any other information on the Website, reverse engineer or break into (hack) the Website, or use materials, products or services in violation of any state or federal law.

LAWFUL USE

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OUR INTELLECTUAL PROPERTY

All content on the Website, including but not limited to designs, data and databases, text, graphics, images, photographs, illustrations, audio and video material, artwork, proprietary information, client-side code (e.g. HTML, JavaScript, etc.), server-side code (e.g. active server pages, VBScript, databases, etc.), information and statistics concerning the use of the Website, and all copyrightable elements of the Website, and their selection and arrangement (collectively, “Content”) are the property of WLIM. Our Content is protected by U.S. copyright law, international treaties and other intellectual property rights. Except as otherwise stated herein, Content may not be copied, transmitted, displayed, performed, distributed (for compensation or otherwise), licensed, altered, framed, stored for subsequent use or otherwise used in whole or in part in any manner without our prior written consent, except to the extent permitted by the Copyright Act of 1976 (17 U.S.C. §107), as amended, and then, only with notices of our proprietary rights. You may, however, download the information in the Website and print out hard copies for your own personal, noncommercial use, so long as you do not remove any copyright or other notice as may be contained in the information as downloaded.

INTENDED AUDIENCE

This Website is intended for adults aged 18 years or older. Any registration by, use of or access to our Website by anyone under age 18, is unauthorized, unlicensed and in violation of these Terms of Use. By using our Website you represent and warrant that you are 18 or older and that you agree to and to abide by all of the terms and conditions of this Agreement.

[WLIM has sole right and discretion to determine whether to accept a Client, and may reject a Client with or without explanation.

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You agree to immediately notify us of any unauthorized use of your password or any other breach of security. You agree that our Website cannot and will not be liable for any loss or damage arising from your failure to comply with password security as discussed herein.]

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Your use of the Website creates no professional relationship of any kind between you and WLIM. Nothing contained in our Website shall constitute financial, investment, legal and/or other professional advice to or for you. You hereby agree that you shall not make any financial, investment, legal and/or other decision based in whole or in part on anything contained in our Website.

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Without limitation, we will have exclusive ownership of all present and future existing rights to the Submission of every kind and nature everywhere. We will be entitled to use the Submission for any commercial or other purpose whatsoever, without compensation to you or any other person sending the Submission. You acknowledge that you are responsible for whatever material you submit, and you, not us, have full responsibility for the message, including its legality, reliability, appropriateness, originality, and copyright.

We may assign these Terms and our rights hereunder, in whole or in part, to a third party, in our sole discretion, in connection with a merger, acquisition, reorganization or sale of substantially all of our assets, or otherwise. You may not assign, sublicense, or delegate any of your rights hereunder.

PRIVACY POLICY

Our Privacy Policy is considered part of this Agreement. You should review this Privacy Policy by clicking on this link.

All Articles

Should I be filing a DA-1 to save on taxes in Switzerland? A practical article explaining the DA-1 and how you can avoid double taxation on foreign (to Switzerland) taxes withheld.

Should I be filing a DA-1 to save on taxes in Switzerland?  A practical article explaining the DA-1 and how you can avoid double taxation on foreign (to Switzerland) taxes withheld.

What is a DA-1 and should I be using it?

This is not an uncommon tax query in Switzerland. The quick answer is:

  • It’s a form that can be filed with the Swiss tax return to claim back foreign (i.e. non-Swiss) withholding tax (WHT) on foreign dividend and interest income.

  • It is filed by Swiss tax resident individuals who have incurred withholding tax on their foreign (non-Swiss)) dividend or interest income.

As one might anticipate however, the full answer is a little more involved. If you are a Swiss tax resident with investment accounts anywhere in the world, this article will be relevant to you.

June 2024

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How & When to Pay Any 2021 Tax Due with Your US Tax Return

How & When to Pay Any 2021 Tax Due with Your US Tax Return

We are a week away from April 18, 2022, the US tax payment deadline. If you are a US taxpayer outside of the United States on April 18, 2022, you will receive an automatic tax-filing deadline through June 15, 2022. Important! This is an extension file, NOT an extension of time to pay.

March 2022

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Finding Last-Minute Tax Savings on Your 2021 US Tax Return

Finding Last-Minute Tax Savings on Your 2021 US Tax Return

It is already the end of March, which means you have likely received all your tax documents and maybe even started the preparation of your 2021 US tax return. If you are worried about an unexpected tax bill, there are a few last-minute strategies you may be able to take advantage of.

March 2022

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Pillar 3: The Swiss Pension System Explained for American Expats

Pillar 3: The Swiss Pension System Explained for American Expats

“This article is part three of a three-part series. Each article will dive into one part of the Swiss pension system”

January 2022

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Pillar 2: The Swiss Pension System Explained for American Expats

Pillar 2: The Swiss Pension System Explained for American Expats

“This article is part two of a three-part series. Each article will dive into one part of the Swiss pension system”

January 2022

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Pillar 1: The Swiss Pension System Explained for American Expats

Pillar 1: The Swiss Pension System Explained for American Expats

“This article is part one of a three-part series. Each article will dive into one part of the Swiss pension system”

January 2022

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As An American Abroad Does a Roth Conversion or Roth IRA Still Make Sense?

As An American Abroad Does a Roth Conversion or Roth IRA Still Make Sense?

“A Roth conversion is one of the most classic and effective tax planning tools available to U.S. taxpayers. If your taxes rise a Roth IRA conversion or contributions can save you a considerable amount of money in taxes over the long term. However, there can be major drawbacks to this strategy for U.S. citizens who are currently living abroad or planning to retire abroad.”

February 2021

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2020 IRS 4th Quarter Estimated Tax Payments Are Due on January 15th. As An Overseas American, Should You Be Making One?

2020 IRS 4th Quarter Estimated Tax Payments Are Due on January 15th. As An Overseas American, Should You Be Making One?

“US citizens who live and work abroad are subject to an annual US tax filing requirement on their worldwide income. This may mean a tax liability in your resident country as well as in the US. Many Americans are surprised to learn they have this additional US tax liability. Making an estimated tax payment will help you avoid additional underpayment penalties. The IRS expects to receive its tax throughout the year, through estimated tax payments. If you do not pay enough tax through the year, you may be charged an additional underpayment penalty, even if you are due a refund when you file your tax return.”

January 2021

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Coordinating Social Security Benefits For Those Who Lived Or Retire Abroad

Coordinating Social Security Benefits For Those Who Lived Or Retire Abroad

“For many Americans, Social Security income plays an integral role in retirement planning, and while retirement planning is generally straightforward for Americans with income solely from US employment that pays into Social Security, the situation becomes more complex when income from multiple countries is involved.”

Kitces | December 2020

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Paying Your Swiss Tax Bill with Bitcoin? Be Prepared for the US Tax Implications

Paying Your Swiss Tax Bill with Bitcoin? Be Prepared for the US Tax Implications

“While Switzerland is embracing virtual currencies, the Internal Revenue Service (IRS) is taking notice. Back in 2014 the IRS ruled that Bitcoin and other “convertible virtual currencies” are treated as property, not currency. This means every time a virtual currency is bought or sold, it triggers tax consequences, much like buying or selling a stock.”

December 2020

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Year-End Planning: Charitable Giving in 2020

Year-End Planning: Charitable Giving in 2020

“Pumpkin pie on the brain? Thanksgiving is a reminder that even in a year like 2020, we have many things to be thankful for. With Giving Tuesday just around the corner it’s a great time to think strategically about your charitable giving.”

November 2020

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2020 - The Year of the Roth Conversion

2020 - The Year of the Roth Conversion

“Many advisors and tax planners are touting 2020 as ‘The Year of the Roth Conversion’. In most cases, this is excellent advice. Federal tax brackets are at historically low levels; the Federal tax rate was as high as 94% in 1944. However, this advice may not be in your best interest, for example, if you are a US citizen living abroad or are in a higher federal tax bracket.”

November 2020

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A Quick Guide to Help You Prepare for Your International Move

A Quick Guide to Help You Prepare for Your International Move

“Yes, we are in a global pandemic, but that has not stopped Americans from researching how they can move abroad. If you find yourself googling, we have saved you a step by compiling a quick guide to help you prepare.”

November 2020

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Insight: Do Your Clients with Foreign Assets Have to File a BE-10 by May 31, 2020?

Insight: Do Your Clients with Foreign Assets Have to File a BE-10 by May 31, 2020?

“Not only can you be penalized for failing to report a foreign bank account with a small balance that earns little or no interest, you can also be fined for failing to report that tiny flat in London you occasionally rent out. Jonathan Lachowitz of White Lighthouse Investment Management explains the Bureau of Economic Analysis’s Form BE-10 and foreign asset reporting requirements.”

Bloomberg Tax | February 2020

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Insight: First it was FATCA, Now MIFID II Has US Investors In Europe Facing Nightmares

Insight: First it was FATCA, Now MIFID II Has US Investors In Europe Facing Nightmares

“While Charles Schwab and Co. made headlines with their announcement in September of commission-free trading, several brokerage firms, including Charles Schwab made a lesser known change at about the same time to the detriment of overseas Americans. It has now become difficult or impossible for some overseas Americans—especially those with lower incomes and savings amounts—to buy U.S.-listed exchange traded funds (ETFs).”

Bloomberg Tax | November 2019

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Protecting Your Credit and Financial Information After the Equifax Data Breach

Protecting Your Credit and Financial Information After the Equifax Data Breach

“This latest data breach confirms what perhaps we should all have assumed before; our personal data is not safe and we should start acting as though much of our private information is available for a very low cost on the internet.“

September 2017

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