The World’s Top 10 Tax Havens Today To the growing chagrin of the U.S. IRS, it is still possible for an American to take his life, his assets, his business, and his investments offshore and thereby reduce or even eliminate his U.S. tax bill completely and to do it all legally. The places where this [...]
Planning Your Legacy And Protecting Future Generations The idea of legacy planning isn’t new. Families from the Rothschilds to the Duponts and the Kennedys have done it for a long time, and some European families have created plans that have maintained family wealth for centuries. The idea that those of us with less substantial assets might [...]
Why In The World Should You Invest Offshore? Diversification through investing offshore can reduce your portfolio volatility while maintaining returns. In addition to providing portfolio diversification, offshore investments provide a high degree of choice and flexibility. A large percentage of the over 80,000 funds traded worldwide are located offshore. Investing in these funds must often be [...]
International Real Estate As An Investment A piece of real estate anywhere in the world is a real asset that you control and that, barring some act of God, can’t disappear altogether. Further, buy right, and your property investment can grow in value and deliver reliable cash flow. Certainly, if you’ve bought right, with an eye [...]
Understanding The Flag Theory and 5 Flags Approach In the face of the kinds of market, economic, and political uncertainties the world is currently presenting, the key to protecting yourself, your family, and your assets is diversification, and the only way to truly diversify yourself is through planting flags. There are five basic things we [...]
How To Take Advantage Of The FEIE You know my advice in tax season is to "beat the IRS" at its own game by complying with every technicality of our complex tax code... including (especially) those "loopholes" and technicalities that work to your advantage... One of the most powerful rules in the U.S. tax code [...]
The Foreign Bank Account Report (FBAR) The first and perhaps most straightforward step anyone could take toward internationalizing and diversifying their life would be to open a bank account in another country. In this case, your U.S. filing obligation comes down to the FBAR, which is officially FinCEN Form 114. This form must be filed electronically [...]
The Foreign Account Tax Compliance Act (FATCA) Despite the prosperity it has enjoyed under a free market, the United States in 2009 enacted legislation that many people view as the start of capital controls in America. That legislation is found hidden in a jobs’ bill, H.R. 2847 (also known as the HIRE Act), which became [...]
What Is The Best Way To Structure Assets? So often people write us to discuss trusts, corporations, family limited partnerships, and/or other structures designed to protect his or her wealth. Structures are very important, but structures alone cannot do the job in a one-size-fits-all approach to asset protection. While an international trust may be just [...]
How To Stay Compliant In A World Of Increasing Regulation In today’s age of heavy handed regulation and seemingly endless paperwork to file, staying compliant is harder than it has ever been. The question you must answer is, an American living, investing, or doing business outside the United States, what is your U.S. tax obligation? The [...]
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.
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