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.
Category: Taxes
15
Feb
In 1789, Founding Father Benjamin Franklin wrote a letter to French physicist Jean-Baptiste Leroy. It contained a line that outlived both men and will likely still be around when you and I are long gone… “The only two certainties in life are death and taxes.” Now, far be it from me to factcheck The First [...]
12
Feb
Don’t Fall For These 5 Tax Myths
There are plenty of advantages to living (and investing) overseas when it comes to your U.S. taxes. But not having to file every year is not one of them… Today, I’m going to bust five myths that are out there about expat taxes—and that’s the first of them. Myth #1: Overseas, You Don’t Need To [...]
08
Feb
Can Living Overseas Mean You Owe Less To The IRS?
Can living overseas mean you owe less to the IRS? In short: Yes. But you need to be careful. Simply moving outside the United States does not remove your obligation to pay U.S. taxes. U.S. citizens must file a return with the IRS every year, regardless of where in the world they reside. But living [...]
05
Feb
Beat The IRS At Their Own Game
Whether you consider paying your taxes simply the price of living in a civilized society… or a pain in the proverbial… or downright theft… doesn’t really matter… Tax season is upon us and Uncle Sam wants what’s due. No exceptions. According to a new poll from the University of Chicago Harris School of Public Policy [...]
01
Feb
Safety, Stability, Easy Residency, And More…
Can “boring” actually be good? There’s an old Chinese curse: “May you live in interesting times.” Such “interesting times” are fascinating to historians but they’re not much fun to experience first-hand…. They’re times of war, drought, plagues, and famine. It might also be a curse to live in an “interesting” country. The kinds of countries [...]
13
Apr
Filing Taxes Like A Pro And Beating The IRS At Its Own Game
I wrote to you in a recent issue about the Supreme Court case Bittner v. United States, which was recently decided in a
27
Mar
Good News For Those Who File The FBAR
A few weeks ago, the United States Supreme Court handed down an
23
Mar
Tax Guide For Retirees Overseas
Have you got T-SAD? You’ve heard of SAD, Seasonal Affective Disorder—where depression sets in when
13
Mar
Understanding U.S. Taxes When Living Abroad
What do the world’s only superpower, the United States, and a tiny African backwater, Eritrea, have
02
Feb
The 3 Tax Advantages Available To Americans Overseas
I’ve dealt with some morons in my time. I’ll tell you about one of them in a moment. It relates to the theme of