Late Tax Filing Concerns Of The American Abroad The tax filing deadline for U.S. persons was Monday. Today, the IRS, in its "Tax Tips" e-letter, detailed the penalties for not filing your 1040 form on time. In fact, you face two potential penalties related your 1040 form. Failure to file on time and failure to [...]
Is It Really Possible To Reduce Your U.S. Tax Bill By Going Offshore? Today is tax day in the United States. Too late to do anything about your 2012 taxes other than to file a last-minute extension if you need to. Meantime, you can (and should) begin to think about ways to mitigate and manage [...]
The Death Of The 4% Rule (And What That Means For Retirees Overseas) Friend and colleague Paul Terhorst forwarded me an article from the Wall Street Journal(WSJ) that talks about the death of the 4% rule. Paul writes a column for the Overseas Retirement Letter about the financial aspects of retiring overseas, so this kind of thing gets [...]
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.
