Traveling abroad allows you to immerse yourself in new cultures, cuisines and experiences. But while the memories might be priceless, the costs of using your credit card overseas can add up fast if ...

Are all foreign currency gains taxable? No. Under a de minimis exemption individual taxpayers with foreign currency gains of $200 or less on a “personal transaction” do not need to report them. How ...

A money market hedge is a technique used to lock in the value of a foreign currency transaction in a company’s domestic ...

Are there special hedging provisions for section 988 transactions? Yes. In addition to the business hedging rules I address in our earlier Q&A with Andie series,[1] a special hedging provision is ...

At TPG, few things frustrate us more than unnecessary fees — and foreign transaction fees are near the top of the list. You may have noticed that when you use certain credit cards abroad (or on a ...

Generally, the foreign transaction fee will be around 1% to 3% of the purchase amount. The fee is added to your credit card balance, and if you don’t pay your balance in full each month, you could ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Katrina Ávila Munichiello is an ...

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