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Tag: Foreign Earned Income Exclusion

30 Mar
Foreign Earned Income Exclusion

Foreign Earned Income Exclusion

How To Take Advantage Of The FEIE You know my advice in tax season is to "beat the IRS" at its own game by complying with every technicality of our complex tax code... including (especially) those "loopholes" and technicalities that work to your advantage... One of the most powerful rules in the U.S. tax code [...]
13 Jan
Adobe Stock/Yurii Kibalnik

The Foreign Earned Income Exclusion Explained

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 [...]
26 Oct
Taxation On Foreign Earned Income Vs. Passive Income

Taxation On Foreign Earned Income Vs. Passive Income

At my Global Asset Protection and Wealth Summit in Panama City last week, the single most frequently asked question was this: “What can I do to make my passive income qualify for the Foreign Earned Income Exclusion… so I don’t have to pay tax on it?” The answer is: Nothing. There’s nothing an American can […]

12 Mar
The Trouble With Offshore Tax Pros

Tax Obligations Of Americans Diversifying Offshore

The tax questions are coming in fast and furious from U.S. readers as they and their tax-preparers pull together 2014 tax returns (due April 15 unless you are residing overseas or file for an extension). Some of the bad advice readers are getting from their tax “pros” would be funny if it weren’t so expensive. […]

19 Jan
Will China's decision to tax citizens not living in the country affect the rest of the world?

China Taxes Chinese Citizens Living Outside China

Lots of people in the offshore world are talking about China finally enforcing its global taxation rules, which call for Chinese citizens abroad to be taxed in China. For years, I and other offshore editors have shamed the United States by making the point that it is the only country other than Eritrea that taxes […]

18 Sep
offshore corporation bank account is the first stop into Reducing Tax

Reducing Tax By Living And Doing Business Overseas

Some poor, uninformed soul wrote this email in response to the promotion we’ve published for the Wealth Summit I’m hosting in Belize next month: “Really, what you’re talking about is a plan to cheat our country out of the tax dollars it deserves for personal gain. Some strategy… “Oh, it may be legal, but evading […]

03 Jan
Fiscal Cliff Tax Deal’s Implications For Americans Abroad

Fiscal Cliff Tax Deal’s Implications For Americans Abroad

What This Week's Fiscal Cliff Deal Means For Americans Overseas As it stands today, the 11th hour fiscal cliff deal approved earlier this week resulted in US$1 of spending cuts for every US$41 in tax increases, making it possibly the most one-sided victory since the Battle of Little Bighorn. By comparison, when President Ronald Regan [...]
19 Nov
Taking the most beneficial option under IRS regulations isn’t tax evasion. It’s using the rules to minimize your taxes burden.

Tax And Immigration Support For Americans Overseas

At last week’s Offshore Summit in Panama, one theme that came up in many of the presentations was professional competence. The context was everything from immigration professionals for establishing foreign residency and obtaining a second citizenship to tax professionals to help U.S. persons take advantage of the Foreign Earned Income Exclusion and attorneys to set up structures […]

13 Aug
It Is Not Illegal To Move Assets Offshore

It Is Not Illegal To Move Assets Offshore

Moving Isn't Hiding Some recent reader e-mails have me scratching my head. Some readers rail against me for writing about ways both to save taxes and to protect assets by moving them offshore. These readers seem fully to believe that these activities are illegal. The only thing I can think is that they are mis-merging [...]