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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.
I’ve been living overseas so long that my wife tells me I don’t know what things cost in the “real world” anymore, especially, she assures me, as my current frame of reference is Panama. Certainly, our first 24 hours or so in New York City last week, I thought she must be right. I must […]
One benefit of the way our children are growing up is their language skills. While I speak decent enough Spanish to get by when I have to and can even now read legal documents well enough to get the gist, my kids are fluent in both French and Spanish (along with English). They can switch […]
At last week’s Offshore Summit in Panama, one theme that came up in many of the presentations was professional competence. The context was everything from immigration professionals for establishing foreign residency and obtaining a second citizenship to tax professionals to help U.S. persons take advantage of the Foreign Earned Income Exclusion and attorneys to set up structures […]
Emergency planning. It’s a common topic in the aftermath of Superstorm Sandy. It’s not only economic disasters, currency collapses, bank failures, and stock debacles we need to plan for. It’s natural disasters, too, as Sandy has reminded the world. Hurricanes, earthquakes, tornados, typhoons, monsoons, winds, flooding, drought. Few places in the world are free from […]
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.
