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: offshore taxes
13
Jan
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 [...]
13
Mar
Why I Fired My CPA And Started Doing My Own Offshore Taxes
Zen And The Art Of Taxes For The American Abroad I’ve been preparing U.S. taxes since I was in high school. My first office job as a teenager was working for a small CPA firm in Phoenix, Arizona. That group trained me, over the three years I worked for them, in the basics of tax [...]
FATCA
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. [...]
18
Feb
FATCA, FBAR, And Finding An Offshore Tax Advisor
Putting aside the challenges FATCA has created for Americans (in fact, for everyone) wanting to open bank accounts overseas, the filing requirements and
02
Feb
Managing Administration And Paying Taxes, Utilities, And Other Local Bills Offshore
Administering your offshore life isn’t sexy, but it is necessary. As I write, I’m sitting in my apartment in Medellín staring at a property tax bill that needs to be paid. These bills come quarterly. However, based on the bill in front of me it appears that our property manager (really our maid Claudia who […]