Save both time and money by learning the ins and outs of taxes overseas.
Taxes
Should The I.R.S. Have the Right to Seize Your Passport and Prohibit Your Travel Plans? Vote HerePosted on May 11, 2012 by International Living
A worrying new bill just passed the Senate on March 14, 2012. It’s called the “Moving Ahead for Progress in the 21st Century Act.” (MAP-21). And it could give the I.R.S. the power to take your passport and prevent you from traveling outside the U.S. if they claim you owe money on your taxes…
The Most-Asked Tax Question (and the Surprising Answer)Posted on April 11, 2012 by Nick Hodges
We all look for ways to minimize our U.S. tax bill and maximize our freedom abroad. We all desire to simplify our tax and reporting responsibilities. We want to think less about taxes…and enjoy more of our international experience. The promise of the foreign earned income exclusion (FEIE) is that you can earn as much as $95,100 in foreign income and not pay a dime of U.S. income tax on it.
IL Radio Episode 31: Expat Tax TipsPosted on March 29, 2012 by Dan Prescher
I’m Dan Prescher for International Living, and this week I’m talking to Nick Hodges—a guy who specializes in helping U.S. expats navigate the minefield of rules and regulations and properly file their taxes no matter where in the world they live or what their financial situation is.
Three Places Where You Can Buy a Second PassportPosted on March 12, 2012 by Robert Bauman
There are good reasons for obtaining a second passport; expansion of travel possibilities; concealment of nationality for safety reasons; exercising the right to reside in another country; opening offshore bank and other financial accounts; easier crossings of international borders when a primary passport is lost or stolen.
Belize: No Taxes in This Caribbean ParadisePosted on March 9, 2012 by Robert Bauman
In Belize, more than 40% of the country is protected as national parks, wildlife sanctuaries and marine reserves. But this lush ecological paradise is not just a haven for wildlife. Belize encourages offshore business and welcomes foreigners as local residents, too. In fact, if you’re looking into your residency options, Belize should be high on your list.
FATCA: What It Is and Why You Need to KnowPosted on September 16, 2011 by Robert Bauman
Has the United States Internal Revenue Service (IRS) adopted the imperial Romans as their model and as the inspiration for the Foreign Account Tax Compliance Act (FATCA)?
Tax, Banking, and Offshore Havens – 7 TipsPosted on August 15, 2011 by Robert Bauman
Haven nations in which privacy was expected, guaranteed and delivered were numerous just two or three decades ago. They’re many fewer today. But you do still have choices. Which is right for you?
Protect Your Wealth With These Tax-Saving StrategiesPosted on March 7, 2011 by Mark Nestmann
Despite all the rhetoric out of Washington these days, you can bet we will see tax hikes this year. They might not be overt. Instead, we could see stealth taxes go up first…parking fees, garbage collection, vehicle registrations and the like.
How to Permanently Secure Your WealthPosted on January 26, 2011 by Erika Nolan
In the very “open book” offshore environment American investors find themselves in today, you should know there’s a vehicle that still allows you to:
A Little-Known European Tax Haven—and How to Get InPosted on January 24, 2011 by Sven Lorenz
Turquoise waters, bountiful lobsters and unspoiled countryside—this is what the island of Sark is known for. Within sight of the French coast of Normandy, it’s popular with French and English tourists alike.
Mexico: Pay Less For Property TaxesPosted on January 14, 2011 by Glynna Prentice
In Mexico, January means that the clock starts ticking for paying annual expenses like predial—property taxes. Fortunately, most of these expenses are a fraction of what you would pay in the U.S., Canada, or many European countries.
Mexico Tax Rates Ranked #1 For Competitiveness by KPMGPosted on May 14, 2010 by Dan Prescher
In a study that examined 95 cities in 10 countries, Mexico tax rates came out on top for having the least total tax burden faced by companies doing business there.
Don’t mess with the IRS: The Right Way For American Citizens Abroad to Get The Foreign Earned Income Tax CreditPosted on April 14, 2010 by Dan Prescher
U.S. citizens working abroad may be eligible for a foreign earned income tax credit of up to $91,400. But you have to do it right to avoid issues with the IRS.
Five Flags of Freedom: Keys to Offshore Liberty – Ultimate Event 2010 PresentationPosted on March 18, 2010 by Grant Perry
It seems this congressman died and went to heaven and Saint Peter was at the gates of heaven and he said, we really think you should consider the possibilities here that there is more than just heaven. He said, we’re going to require you congressman to go down to hell.
Should You Kiss Uncle Sam Goodbye?Posted on December 5, 2009 by Mark Nestmann
To permanently disconnect from the obligation to pay U.S. income tax, you must not only leave the United States, but also take the radical step of giving up your U.S. citizenship and passport. This process (from a U.S. standpoint) is called “expatriation.”
Before giving up U.S. citizenship, you have to acquire citizenship and a passport from another country. And you must also live outside the U.S., if you’re not already doing so.
- Earn up to $87,600 Overseas Tax-free—Courtesy of the IRS
Posted on July 9, 2008 by International Living
Wednesday, July 9, 2008 Read more about overseas tax havens in International Living Postcards …
Earn up to $87,600 Overseas Tax-Free—Courtesy of the IRSPosted on June 25, 2008 by International Living
The U.S. tax laws offer one huge tax break to Americans working abroad. If you qualify, you can earn up to $87,600 overseas without paying income tax—or up to $175,200 income-tax-free if you have a working spouse.
- Tax Deadline Looming? Get 6 More Months
Posted on March 21, 2008 by International Living
Friday, March 21, 2008 Get more expat advice for your life overseas in International …
- Taxes
Posted on March 12, 2008 by International Living
Taxes Second Home Tax Benefits in Belize Second homes usually aren’t thought of …
The cheapest offshore corporation you can set upPosted on February 23, 2008 by Lee Harrison
You may not have thought about this before, but you need to open an offshore corporation. This will protect your assets and your heir’s inheritance. Forming an offshore corporation is simple, easy, and straightforward in many countries…and I’ve found the best country in which to do this. When properly done, the benefits of an offshore corporation are:
Pay Less Tax this AprilPosted on January 31, 2008 by International Living
“It’s no secret that the combined state, federal, and foreign tax laws and rules affecting overseas Americans are the most complicated in the world.”
- The IRS Want Theirs, but Theirs Can Be Less
Posted on January 28, 2008 by International Living
January 28, 2008Mérida, Mexico A friend just wrote and mentioned her chagrin with “the …
Hidden U.S. “Exit Tax” may cost you thousandsPosted on January 23, 2008 by Robert Bauman
By the time you read this the U.S. Congress may have imposed an official “exit tax” on U.S. citizens and long-time resident aliens who decide they want to permanently leave America.
Don’t make a mess of your heir’s inheritancePosted on November 26, 2007 by Lief Simon
How you take title to and hold a piece of real estate in another country can be as important as how much you pay for it. If you’re not careful, you could end up in a situation where your heirs have to go through probate in one or more foreign countries—something that, believe me, you don’t want them to have to do.
Offshore out in the openPosted on October 29, 2007 by Robert Bauman
You can avoid unwanted scrutiny while accomplishing your offshore financial goals in relative peace. But to do that you must plan carefully.
- My Husband The Accountant
Posted on October 2, 2007 by International Living
Sunday, February 15, 2004 Dear Reader, Five years ago, I married an accountant. He …
- Remember the Tax Man
Posted on October 2, 2007 by International Living
International Living Postcards–your daily escape Monday, March 1, 2004 Dear Reader, If you reside …
- Tax Tips for the American Abroad
Posted on October 2, 2007 by International Living
International Living Postcards– your daily escape Wednesday, March 1, 2006Paris, France Dear International Living …
- Do Expats Pay Taxes?
Posted on October 2, 2007 by International Living
International Living Postcards– your daily escape Monday, March 20, 2006Paris, France Dear International Living …
- Confessions of a Reformed IRS Agent
Posted on October 2, 2007 by International Living
International Living Postcards– your daily escape Wednesday, April 12, 2006 Dear International Living Reader, …
- Wave "Goodbye" to Uncle Sam’s Taxes
Posted on October 2, 2007 by International Living
Tuesday, Oct. 17, 2006 There exists an incredibly powerful wealth-building strategy that has been …
Expatriation, Anyone?Posted on September 4, 2007 by Robert Bauman
Every year about 250,000 U.S. citizens and resident aliens leave America to make a new home in some other nation.
Beat the SnoopsPosted on August 23, 2007 by Robert Bauman
One common question I often hear from folks new to offshore finance and investments is: “What exactly do you mean by offshore?”
- Taxes
Posted on August 22, 2007 by International Living
Taxes Spanish Real Estate Taxes Transfer Tax Depending on whether you are purchasing …
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Posted on August 22, 2007 by International Living
Taxes Panamanian Real Estate Taxes Transfer Tax Transfer taxes in Panama are paid …
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Posted on August 22, 2007 by International Living
Taxes Nicaraguan Real Estate Taxes Few countries offer as light a tax burden …
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Posted on August 22, 2007 by International Living
Taxes Mexican Real Estate Taxes Transfer Tax A 2% acquisition tax is payable …
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Posted on August 22, 2007 by International Living
Taxes Italian Real Estate Taxes Transfer Tax Also known as government purchase tax, …
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Posted on August 22, 2007 by International Living
Taxes Honduran Real Estate Taxes Transfer Tax The amount of transfer tax depends …
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Posted on August 22, 2007 by International Living
Taxes French Real Estate Taxes Transfer Tax A transfer tax of 7.5% is …
