How Your Ex-Spouse Can Help You Claim Extra Social Security

How Your Ex-Spouse Can Help You Claim Extra Social Security

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July 14, 2016

Millions of baby boomers qualify for valuable Social Security claiming options that can provide tens of thousands of dollars in additional benefits. Yet most will never receive these benefits, even though they qualify for them. How can this be so? It’s because there are so many rules, they are complicated, and people don’t understand how they work.

Claim the Extra Social Security You’re Entitled To

Claim the Extra Social Security You’re Entitled To

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May 18, 2016

Millions of baby boomers qualify for a valuable Social Security claiming option that can provide them as much as $63,336 in extra benefits...yet they don’t know it. In fact, the great majority of working couples, where one or both spouses reached age 62 on or before January 1, 2016, can still make use of this unusual strategy.

How to Save on Expat Taxes Before You Go Overseas

How to Save on Expat Taxes Before You Go Overseas

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May 9, 2016

The New York winters were getting too cold for Terry and Sue Jones. Apart from that first, pristine snowfall of the year, it just wasn't fun anymore. Their friends started retiring to Florida, sending them Christmas cards of white-sand beaches and palm trees. The Jones’ were considering moving there, but they discovered International Living and decided to look for their new home overseas.

How Our Tax Expert Prepares for April 15th

How Our Tax Expert Prepares for April 15th

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March 30, 2016

When I talk to International Living readers, I usually focus on sharing how you can minimize your U.S. taxes and stay out of trouble with the IRS. But today, I’m going to do something a little different. I'm going to share with you what I do. I live part of the year in Jaco, Costa Rica. When I bought my condo, I kept the owning and renting of this foreign real estate simple: I bought it in my own name. That’s pretty unusual; Jaco is one of the few remaining areas that allow Americans to own beachfront property in their own name. This keeps my U.S. tax reporting of the rental income reportable—just like a U.S. property—and I do not have to make a foreign corporation disclosure.

7 Top Tips From the Expert For Filing Your Taxes Correctly

7 Top Tips From the Expert For Filing Your Taxes Correctly

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March 25, 2016

As a U.S. citizen, no matter where in the world you live, the IRS requires you to report your income, file your tax return, and pay your taxes. There are many common misconceptions about Americans living overseas, a common one being that once you move overseas, you are no longer required to file a tax return.

The Best Strategy For Keeping Your Offshore Assets Tax Free

The Best Strategy For Keeping Your Offshore Assets Tax Free

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November 19, 2015

FATCA, officially known as the Foreign Account Tax Compliance Act, is probably the worst law that most Americans don’t know about…especially if you’re a U.S. citizen thinking of investing outside the U.S. It basically requires you to tell the U.S. government a yearly breakdown of all financial accounts you hold outside the country—from bank accounts to companies to rent-producing real estate.