Tax Loophole? An Asset the IRS Does Not Ask About

This is the latest tax loophole people are talking about.  And this article from one of our affiliates is true and correct, at least for now (06/2012)  There are certain assets the IRS does not talk about very often.  And successful investors, who have made big in this market talk even less.

We ran across this information, because, of our Forgot To Save for Retirement website, which talks about retirement options for people who have limited monthly retirement income.  Click here for information and help with making offshore decisions.

An asset the IRS doesn't want to know about

Surprise: Real Estate is an asset that you do not have to report to the IRS…

You know that, as an American, wherever in the world you go, Uncle Sam requires you to report on your worldwide income and assets. But there is an investment that the government doesn't require you to report on. No questions asked. They're simply not interested. What is it?

Foreign real estate.

Yes, you can own a second home (whether for investment or personal use) in a foreign country and you are not obliged to inform the U.S. tax authorities.

And, while new laws may make it easier for the government to get at your bank account overseas, it's a heck of a lot harder for someone (assuming they can track it down in the first place) to physically remove your foreign property.

The beauty of this is that you don't have to be super-rich to take up the idea of buying real estate overseas to protect your wealth. Opportunities to buy land, houses, and apartments, for both investment and personal use, exist at all price levels.

Learn more about offshore retirement options.