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Category: Taxes

22 Aug
You Could Be Living Tax Free as a consultant overseas

As A Consultant Overseas You Could Be Living Tax-Free

This friend is not American, so he doesn’t have to worry about the Uncle Sam factor. That helps immensely. My friend needs to consider only the tax implications in each potential new country of residence. While taxes shouldn’t lead any conversation about where to move overseas, this is a more important factor if you’re moving […]

31 Dec
Improvements In Medellin Colombia

Investments And Improvements In Medellin, Colombia

I arrived in Medellín on Tuesday to spend a week here with my family over New Year’s. As usual, I’m enjoying the calming effects of being in this city. It’s hard to define, but something about this place lowers your blood pressure. It could be the mountain air. It could be the temperate weather (about […]

26 Oct
Taxation On Foreign Earned Income Vs. Passive Income

Taxation On Foreign Earned Income Vs. Passive Income

At my Global Asset Protection and Wealth Summit in Panama City last week, the single most frequently asked question was this: “What can I do to make my passive income qualify for the Foreign Earned Income Exclusion… so I don’t have to pay tax on it?” The answer is: Nothing. There’s nothing an American can […]

23 Jul
Wine For Fun And Profit

Investing In Wine Futures For Diversification (En Primeur)

I last purchased primeurs in 2005 and 2006. At the time, 2005 was being touted as an exceptional year. I happened to be in St. Emilion, so I bought several cases as an investment. A couple of years later, I got an email from the girl who sold me the wine asking where I wanted […]

13 Apr
Panama’s new “Specific Countries” residency program is the easiest and quickest way to establish permanent residency in this country, even to obtain a work permit.

Panama Is One Of The World’s Top Offshore Havens, Tax Havens, And Property Investment Markets

“Panama City today is unrecognizable from the Panama City I discovered for the first time 16 years ago,” I explained this morning to the crowd convened for this week’s Live and Invest in Panama Conference. “This city has reinvented itself over the past decade-and-a-half. When I arrived on the scene 16 years ago, this was […]

12 Mar
The Trouble With Offshore Tax Pros

Tax Obligations Of Americans Diversifying Offshore

The tax questions are coming in fast and furious from U.S. readers as they and their tax-preparers pull together 2014 tax returns (due April 15 unless you are residing overseas or file for an extension). Some of the bad advice readers are getting from their tax “pros” would be funny if it weren’t so expensive. […]

02 Mar
IRS

IRS Tax Filing Requirements For Americans Overseas

If you’re an American, it’s that time of year again. Time to begin preparing to meet your April 15 obligations. I meet mine each year by filing an extension. Living overseas allows me an automatic extension to June 15, but better, I think, to file the formal extension Form 4868 to get a full added […]

22 Jan
Calculating your taxes abroad shouldn't stop you from your offshore investments.

Global Tax Strategies

F.H. disagrees with my assessment of the chances that China’s decision to tax its nonresident citizens on their worldwide income as the United States does will lead to every country taxing citizens no matter where they live. In short, I say it won’t happen. He writes: “This is the future, and the complexity will shrink […]