A friend is trying to figure out where to move overseas with his family. He’s a freelance consultant, so all he needs to be in business is an Internet connection. In other words, he could go almost anywhere, which is making it difficult for him to decide what to do. He started by narrowing his […]
At the Live and Invest in Belize Conference this week, several attendees 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 mechanism that allows an investor to exchange […]
The second tax season for U.S. tax preparers is coming to a close. The due date for any U.S. person who extended his filing deadline is Oct. 15, just around the corner. Meaning I’m spending a lot of time these days putting my tax return together. Friends from other countries don’t understand why Americans living […]
I write often about opportunities and strategies for the American abroad interested in mitigating his U.S. tax burden. However, if part of your global diversification plan has you relocating to a new country, you may have another tax burden to address, as well—that of the jurisdiction where you’re becoming a resident. This is the case, […]