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Category: Taxes

31 Jul
Panama City is one of the places where you can operate Tax-Free

Take Your Business Offshore To Operate Tax-Free

The key advantage of going offshore is diversification. The good news is that you have the opportunity to diversify not only your investments in this way, but your life, too—both your personal life and your professional one. That is, in today’s world, you can realize many benefits by taking your business offshore along with your […]

24 Jul
A desk with laptop, glasses, calculator, and euros

Tax Rules: How To Minimize By Keeping A Global Mindset

How To Reduce Your Tax Burden… Maybe To Zero I’ve been reviewing tax regimes of a couple dozen countries over the last few weeks, trying to help out with the Overseas Retirement Index that sister publication Overseas Living Letter puts out each year. The research has reminded me of two things. First, the United States has the [...]
10 Apr
IRS Tax Deadline Extension Ending Today

IRS Tax Deadline Extension Ends April 18th

Answers To Two Important U.S. Tax Questions It’s tax time again for us Americans. That is, this Tuesday, April 18 (April 15 is a Saturday and April 17 is a holiday in D.C.), is the reporting deadline for those of us who haven’t filed for an extension until October. How many tax dates do we [...]
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 […]

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. […]