Tax Filing Primer For The American Abroad The second U.S. tax filing season is under way. If you filed an extension back in April (like I did), you have until Oct. 17 to file your tax return... and (don't forget) your Foreign Bank Account Report (FBAR). While the United States' approach to taxing income is [...]
Say you invest in a rental property in Panama. You earn a good return for years… then, the market timing is in your favor, and you decide to sell. You find a buyer who’ll pay you 50% more than you paid for the property yourself. You close the deal… and take receipt of the purchase […]
I fly tonight from Panama to Paris… then, Monday morning, on to Lisbon in time to host next week’s Live And Invest In Portugal Conference. Repositioning from the New World to the Old reminds me that Americans often dismiss Europe for offshore lifestyle and investment options thinking the region is too complicated or too expensive. […]
We Americans have it rough when it comes to taxes. The Big Bad Wolf of the world’s financial arena—the IRS—calls our neck of the woods home. Feared worldwide these days… by banks and financial institutions as well as ordinary citizens from California to Switzerland… the U.S. Internal Revenue Service has become the hunting dog for […]
How To Earn $224,000 Tax Free In 2022 The most important tool in the U.S. expat's tax toolbox is the foreign-earned income exclusion (referred to in tax-planning circles as the FEIE or "the exclusion"). If you qualify, it allows you to exclude up to US$112,000 in 2022 foreign-earned income from U.S. federal income tax. All [...]
“Pandora Papers” For The Rest Of Us—You Can Use The Same Legal Loopholes The Rich Use Panama Papers... Paradise Papers... Pandora Papers... Yes, some of the folks involved in those leaks may have been illegally gaming the system. With a little more intelligence and a little less greed, they'd have nothing to worry about. But [...]
Exploring opportunities overseas is not only a strategy for diversifying your investment portfolio… but it’s also the best way I know to diversify your life—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 investments and yourself—either your existing […]
I’m not sure how Ireland ended up the target. This country’s approach to taxation was the reason Kathleen and I moved to the Emerald Isle some 23 years ago. Now that tax position has her under fire… but, again, I can’t figure out why. Ireland imposes corporate tax at a rate of 12.5%. So does […]
Offshore Living Letter is a publication of Live and Invest Overseas. Our goal is to provide timely, actionable information on all things offshore, including: how to go offshore, diversifying your portfolio, wealth creation, protecting your assets, and much more.
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