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.
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$97,600 in 2013 foreign-earned income from U.S. federal income tax.
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 […]
A back-up plan. That’s what many people are looking for right now. They don’t want to diversify globally altogether, but they do want to put a plan in place in case something happens and they feel like they have to get out of their home country in a hurry.