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.
Tag: IRS Form 8938
"Minimum Essential Coverage"--And How To Avoid it The U.S. government is on a mission to keep Americans and their money from leaving the country. By now, you've heard about FATCA. This Foreign Account Tax Compliance Act, signed in 2010, has yet to take full effect but is already starting to make it more difficult for Americans [...]
Understanding IRS Form 8938 (Good Luck) Tax season is over, but many U.S. taxpayers remain confused about the new IRS Form 8938...including many tax professionals, it seems, given the number of e-mails I'm getting from readers asking questions to make sure their tax preparers completed their forms correctly. This new form is a catch-all intended [...]
I Make No Guarantees (And Neither Should Anyone Else) If re-elected, President Sarkozy of France is promising a new global tax on French corporations. He's also alluded to changing the country's approach to personal income tax, so that French citizens would be taxed on their global income, as U.S. citizens are. If you're shopping for [...]