Offshore Asset Protection Scams - I will explain why you need quality representation when you go offshore and exposes the common schemes of online incorporators
You read a lot of stories about how difficult it is for Americans to get an offshore bank account. Well, opening a low cost, efficient, offshore merchant account 10 times more difficult. Many of us are used to the extraordinarily low rates of the U.S., and have no idea what to expect when we venture
If you are a non-US person with a US corporate bank account, and your bank tells you to convert from your foreign corporation to a US entity, be afraid, be very afraid. Find out the consequences here.
Any offshore business owned and operated by a US citizen must file IRS Form 5471, an FBAR, and disclose all of its dealings to the US government. Here, you will learn how to legally reduce or eliminate these filing and disclosure obligations. Most importantly, you must file US Treasury Form TD F 90.22.1 (generally referred
One of the most common questions I get is, “can the government seize my IRA?” With all of the uncertainty in the USA, and the growing hostility towards our government and its practices, many Americans are concerned about their retirement accounts. For most, their retirement account is their only liquid asset, the majority of their
The Foreign Earned Income Exclusion is the Expat’s first, and sometimes only, line of defense against the IRS. It allows you to eliminate up to $97,600 in salary from your US taxable income in 2013, and can provide additional benefits to those living, working, and operating a business abroad. Just about every tax article on
Changes to the FEIE physical presence test travel days have cost taxpayer's millions of dollars. Watch your FEIE physical presence test travel days very closely!
Each month I get one or two inquiries from U.S. citizens who have had enough and want to give up their U.S. citizenship. While it is rare for someone to take such drastic steps, especially after they learn how to manage their U.S. tax obligations while living abroad, it is an important subject. Here are
Good news for the millions of Americans with 401(k) plans. Buried in the Fiscal Cliff bill was a big break - you can now convert your 401(k), 403(b) and other defined contribution plans to a Roth at any time.