Offshore Asset Protection Scams and How to Avoid Them
Offshore Asset Protection Scams – I will explain why you need quality representation when you go offshore and exposes the common schemes of online incorporators
Entries by Christian Reeves
How to Get an Offshore Merchant Account
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 […]
US Bank Accounts for Foreign Corporations – Be Afraid…Be Very Afraid!
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.
How to Avoid Filing Offshore Tax Returns – IRS Form 5471 & FBAR
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 […]
Can the Government Seize my IRA?
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 […]
Foreign Earned Income Exclusion Basics
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 […]
Eliminate U.S. Tax in 5 Steps with an Offshore Corporation
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
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: Evidence of a failing economic system
Trillion Dollar coin option proof that the USD is worthless.
Payroll Tax Increase Hits Millions of Americans at Home and Abroad
Payroll tax increase hits millions of Americans, including those livng abroad and working for U.S. empoyers.
U.S. Long Term Capital Gains Rate up to 23.8%
The U.S. capital gains rate has gone up to 23.8% for most Americans, including Expats
How to Manage Retained Earnings in an Offshore Corporation
The key to maximizing the tax benefits of being offshore is to generate retained earnings in an offshore corporation.
2013 Retirement Account Limits
2013 Retirement Account Limits have increased.
Weak Dollar Crushing the Foreign Earned Income Exclusion
The value of the FEIE is falling fast, following the US dollar in a tailspin
Tax Traps and Landmines in Your Offshore Corporation
An Offshore Corporation can be a great tax tool, but is fraught with risk for the uninformed
2012 IRS Offshore Compliance Program
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. Unless you have been living under a rock in Bangladesh, you also know that the IRS has […]
U.S. Tax for Business Owners & Self Employed
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 […]
Taxation of Foreign Real Estate Investments
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 […]
Expatriation – The Final Solution
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 […]
Hiding Money in the U. S. of A.
Want to hide money from the tax man? Come to the United States. The U.S. system welcomes foreigners with arms wide open and eyes wide shut