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 And When To Defer Capital Gains Tax Using A 1031 Like-Kind Exchange At recent conferences, several attendees have asked about using a 1031 like-kind exchange to move capital overseas. Specifically, they wanted to sell investment property in the United States and use the proceeds to invest offshore. A 1031 like-kind exchange is an IRS [...]
What You Must Know This 2021 Tax Season Tax season is in full swing. As I’ve alerted you, Americans have a reprieve this year. Tax Day 2021 has been postponed to May 17. That means you have more time both to file… and also to figure out how to make sure you’re not paying US$1 [...]
It’s that time of year again… And you may be scrambling for gift ideas for certain friends and family members. I have a suggestion that could help. I’m talking about one of nature’s most-rewarding gifts… Not gold, frankincense, or myrrh—all three of which you can pick up in a gift box on Amazon for just […]
I’ve spent the past two-and-a-half decades scouting the world for the best opportunities to make money while having some fun. Right now, I’d say that having options is a more critical agenda than it’s ever been… and that not having options leaves you exposed and
How The IRS Finally Got Me To Cry Uncle OK. I give up. I started working on my U.S. tax returns last week. Ordinarily, that'd have allowed me plenty of time to finalize everything in time to file on the 15th. But these are not ordinary times, dear fellow offshore American. The changes as represented [...]
Why I'm Sometimes OK Paying More Taxes A few years ago, after reading an article I'd written detailing an American's ongoing obligation to file a tax return with the IRS each year even after he's moved overseas, a reader wrote in to correct me. The reader proudly pointed out that an American does not need [...]
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.