Vincenzo Villamena, CPA

Exit Tax When Renouncing US Citizenship

Exit Tax When Renouncing US Citizenship

Americans living abroad often face obstacles when opening foreign bank accounts (thanks, FATCA). Many also struggle with the hassle of US tax filings. Renunciation seems a logical solution. But, besides other potential drawbacks, covered expats may have to pay an exit...

Giving Up Your Green Card? Beware of Green Card Exit Tax

Giving Up Your Green Card? Beware of Green Card Exit Tax

Do you want to give up your US green card to exit the US tax system? Maybe you moved away and don’t need it anymore. But just letting it expire doesn’t end your permanent resident status, and you might still be liable for US taxes. Green card holders that are...

SDIRA – The Benefits And Pitfalls For Expats

SDIRA – The Benefits And Pitfalls For Expats

A Self-Directed IRA (SDIRA) can be highly beneficial for many investors, as it allows for a wide range of investments that are not available in regular IRAs. From being able to invest in real estate abroad to the ability to obtain a loan from your SDIRA, a multitude...

Estonia Tax Benefits For Entrepreneurs

Estonia Tax Benefits For Entrepreneurs

With its corporate tax structure and e-Residency program, Estonia has become one of the most popular destinations to register a location-independent business in the past decade. Besides leveraging Estonia tax benefits, foreigners can access the European business...

Should you be moving to Puerto Rico to save tax?

Should you be moving to Puerto Rico to save tax?

Puerto Rico offers tremendous tax incentives for its residents. Of course, you would have to meet certain requirements to become a Puerto Rico resident and be eligible for those low taxes. Are the tax benefits worth moving to Puerto Rico? This is Part Two of our...