The general rule is that foreign real estate is not reportable to the IRS on Form 8938. Good news and an asset category that has been ignored by the IRS hawks trying to swoop in on as many international
We get a lot of good questions from Expats around the globe during the April 15 and October 15 tax seasons. Here are a few from this go-round. Moving to a High Tax Country Q: “I’ve just moved to
Thinking about moving your business offshore? If you are a US citizen, and your profits exceed $400,000, I guarantee Puerto Rico has a better deal for you. This article was published in 2013. For a more up to date
As America hurdles towards default, more of us are considering diversifying out of the United States and planting the first flag offshore. While there may be some last minute backroom deal to stave off disaster, many of us have
Are you thinking of using your IRA to invest abroad? Do you want to move your retirement account out of the United States? There are two very different ways to accomplish these goals. First, you can use a simple
I am often asked if an Expat can invest in a retirement plan. The simple answer is yes, there are retirement plans for Expats. Yes, if you are living and working offshore, you can use a retirement plan to
Are you tired of paying in to the Obamanation? Is most of your income from capital gains taxed at 24% plus whatever your State grabs? You can eliminate tax on interest, dividends and capital gains by moving to Puerto
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
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
Panama vs. Singapore by By Christian Reeves and Lief Simon (www.offshorelivingletter.com) “Panama is the next Singapore,” declared a friend over lunch the other day. He wasn’t the first I’ve heard make the prediction. Since finding its legs after the U.S.
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
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
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
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
If you are living and working abroad, you can eliminate US tax on your business income with an offshore corporation.
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!
Trillion Dollar coin option proof that the USD is worthless.
Payroll tax increase hits millions of Americans, including those livng abroad and working for U.S. empoyers.