Answers To Two Important U.S. Tax Questions It’s tax time again for us Americans. That is, this Tuesday, April 18 (April 15 is a Saturday and April 17 is a holiday in D.C.), is the reporting deadline for those of us who haven’t filed for an extension until October. How many tax dates do we [...]
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 [...]
The Last Tax Loopholes: Two Assets The IRS Doesn't Care About... Yet The Assets You Need To Own Before The IRS Starts Taking Them Too! You know that, as an American, wherever in the world you go, Uncle Sam requires you to report on your worldwide income and assets. Most tax loopholes for going offshore were [...]
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. [...]
How To Live Tax Free Overseas Finally: Regular Folks Can Now Access The Wealth Building And Protection Strategies Of The Rich And Famous… Millionaires and politicians have known the benefits of building and preserving wealth overseas for centuries. Spurred by greed, necessity, or just plain resourcefulness, international strategies have protected earnings from frivolous lawsuits, onerous [...]
How To Stay Compliant In A World Of Increasing Regulation In today’s age of heavy handed regulation and seemingly endless paperwork to file, staying compliant is harder than it has ever been. The question you must answer is, an American living, investing, or doing business outside the United States, what is your U.S. tax obligation? The [...]
Planning Your Legacy And Protecting Future Generations The idea of legacy planning isn’t new. Families from the Rothschilds to the Duponts and the Kennedys have done it for a long time, and some European families have created plans that have maintained family wealth for centuries. The idea that those of us with less substantial assets might [...]
What You Should Know About Foreign Insurance And Annuities Foreign insurance products (including annuities) appeal to people for a variety of reasons. First, the payout currency could be something other than U.S. dollars. So, if you are looking for a hedge against the dollar, foreign insurance products can be just the right type of insurance for [...]
The Foreign Account Tax Compliance Act (FATCA) 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. That legislation is found hidden in a jobs’ bill, H.R. 2847 (also known as the HIRE Act), which became [...]
Offshore 101: Getting Educated About The Offshore World Going Offshore. Going offshore has in recent years become a more mainstream idea. Back in the 90s going offshore was thought to be only for criminals, drug lords, or tax dodgers. These days the offshore world is far from a foreign idea. What is FATCA? The Foreign Asset Tax Compliance [...]
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.
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