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Category: Taxes

13 Mar
paying offshore taxes by yourelf

Why I Fired My CPA And Started Doing My Own Offshore Taxes

Zen And The Art Of Taxes For The American Abroad I’ve been preparing U.S. taxes since I was in high school. My first office job as a teenager was working for a small CPA firm in Phoenix, Arizona. That group trained me, over the three years I worked for them, in the basics of tax [...]
05 Dec

Repatriating Funds From Overseas: Transfers, Taxes, And More

One thing to consider when buying real estate in another country is to do with the requirements for repatriating your funds if and when you decide to sell the property. Often, transferring money out of a country isn’t as simple as calling your bank and initiating a wire of the funds. Some jurisdictions, including Colombia […]

13 Oct

IRS Tax Deadline Extension Ends Oct. 17th

It’s tax time again for us Americans. That is, this Monday, Oct. 17, is the reporting deadline for those of us who filed for an extension back in April. How many tax dates do Americans have to deal with? Let’s see… There’s the initial tax deadline of April 15 each year. Then you have the […]

11 Oct
Sundays Presidential Debate had me wondering if it's a no-win for the country, whoever candidate we choose.

Sunday’s Presidential Debate: More Painful Than My Tax Returns

I listened to the presidential debate last night while finishing my 2015 tax return. I’m not sure which one bothered me more. My tax return is more than 50 pages. It’s mostly information forms reporting my assets rather than actual income reporting. My non-American friends laugh when I complain to them about what a pain […]

08 Sep
Taxes For The American Entrepreneur And Investor Overseas

The Challenges Of Tax Filing While Being Abroad

The Oct. 15 deadline looms. That is, any American who filed for an extension is now buckling down to prepare his 2015 tax return… myself included. One related topic that has been generating lots of questions for me lately is foreign disregarded entities. Even professional tax-filers seem to be confused as to how these work. […]

22 Aug
You Could Be Living Tax Free as a consultant overseas

As A Consultant Overseas You Could Be Living Tax-Free

A friend is trying to figure out where to move overseas with his family. He’s a freelance consultant, so all he needs to be in business is an Internet connection. In other words, he could go almost anywhere, which is making it difficult for him to decide what to do. He started by narrowing his […]

31 Dec
Improvements In Medellin Colombia

Investments And Improvements In Medellin, Colombia

I arrived in Medellín on Tuesday to spend a week here with my family over New Year’s. As usual, I’m enjoying the calming effects of being in this city. It’s hard to define, but something about this place lowers your blood pressure. It could be the mountain air. It could be the temperate weather (about […]