Do you own property outside of the United States? Are you thinking about investing in offshore real estate? Are you an offshore real estate mogul looking to reduce or eliminate your US taxes? This article will cover all areas of US taxation of offshore real estate and provide insider tips and techniques to get your
There are many US tax benefits to living, working, and/or investing offshore. This article discusses each of the Tax Benefits of Going Offshore in detail with links to supporting information. If you are considering going offshore, this is a must read.
Before you move overseas, there are certain steps you can take to protect your assets and—in some cases—minimize your worldwide tax obligations. Best first step is to consult a tax accountant or attorney—one who specializes in helping Americans organize their affairs before moving overseas. He or she will likely have some smart advice about the
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
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!
One of the most misunderstood areas of living, investing or operating a business abroad are the U.S. tax filing and reporting requirements. The purpose of this summary is to review the basic requirements and I recommend that you consult an international tax expert as to how they fit your particular situation. One of the foundations
This section is an introduction to the benefits of an offshore corporation for U.S. citizens living and working abroad. It is not meant for those living abroad on their pension (retirees) or those with passive investment income. Most Expats know that the U.S. taxes its citizens on their worldwide income and that all U.S. citizens
EDITORS NOTE: This article was published in 2010 and has some valuable information. For a more recent and detailed article on this same site, click here. When it comes to investing in property overseas, there is often little difference than if you were investing in U.S. property. Three situations bear investigation: 1. The first
Foreign Income Must be Reported As an American citizen overseas—regardless of where you live or work—you are generally required to file a U.S. tax return, reporting any income generated abroad, in addition to your earnings on the U.S. side. You are also subject to the same filing requirements that apply to U.S. citizens or residents
Filing Tax Returns—The Basics The following page applies to U.S. citizens and residents living and/or working outside of the United States. U.S. persons (citizens and permanent residents/Green Card holders) are required to file a tax return each year, no matter where they live, if their income is above US$9,350 when filing as single, or US$18,700
PremierOffshore is now on the Overseas Radio Network! Please check out my latest show below and broadcast archives at Global Business and Tax Advisor. Below are older audio files from my conferences in Panama, Belize, Singapore and elsewhere. Some of the files are edited to remove names and attendee questions. These are full
IRS Voluntary Disclosure Program is great news for some Expats and dual-nationals As an ExPat American, you know that you are required to file a U.S. tax return each year and report your foreign bank accounts if you have more than $10,000 offshore. If you have failed to file these forms, and want to get