If you want to open a bank account in the United States, you walk into a branch of a bank and simply state that objective. “Hello,” you say as you take a seat across from the helpful banker, “I’d like an account with you.” Or, easier yet, you fill out some forms online and save […]
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 […]
Last year, Lief hosted his Global Asset Protection and Wealth Summit in Panama City. On day one of the conference, he and I had lunch with banker friends in town. One, with 30 years of experience in the global banking industry, sat down, looked around the table, and said: “I wish I hadn’t been so […]
Offshore Structures 101—Why, Where, And How This week I’m hosting my annual Offshore Wealth Summit from Paris. For the first time ever, it’s a virtual event. My fellow presenters and I are all signing in remotely—me from Paris, them from Panama, Colombia, Mexico, Brazil, Belize, Italy, Portugal, Thailand, the United States, etc.—to discuss strategies for [...]
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 [...]
What Is FATCA? And How Can You Manage And Conquer It? FATCA Is A Big, Bad Deal… But You Do Have The Power To Conquer It Despite the prosperity it has enjoyed under a free market, the United States in 2009 enacted legislation that many people view as the start of capital controls in America. [...]
The Foreign Account Tax Compliance Act (FATCA) Despite the prosperity it has enjoyed under a free market, the United States in 2009 enacted legislation that many people view as the start of capital controls in America. That legislation is found hidden in a jobs’ bill, H.R. 2847 (also known as the HIRE Act), which became [...]
What You Need To Know About Asset Protection Today It is important to know what international asset protection is and what it is not. A properly constructed asset protection plan places a portion of your net worth behind multiple barriers…the more barriers, the greater the protection. It allows you to level the litigation playing field and [...]
Offshore 101: Getting Educated About The Offshore World Going Offshore. Going offshore has in recent years become a more mainstream idea. Back in the 90s going offshore was thought to be only for criminals, drug lords, or tax dodgers. These days the offshore world is far from a foreign idea. What is FATCA? The Foreign Asset Tax Compliance [...]
Putting aside the challenges FATCA has created for Americans (in fact, for everyone) wanting to open bank accounts overseas, the filing requirements and
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.
