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...
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...
The number of US citizens renouncing their citizenship continues to increase. A staggering quarter of Americans living abroad are contemplating this drastic move. They cite complex US tax filing requirements as well banking hassles related to FATCA as reasons to...
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...
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...
The United States of America is the land of golden opportunity for many and draws immigrants from all over the world. The coveted Green Card not only opens the door to career opportunities but also to new tax obligations. Immigration tax planning, or better...
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...
Published May 2019, updated July 2020 There is no doubt that Puerto Rico taxes offer incredible incentives to move to the island. To benefit from the tax incentives you have to meet specific requirements though. Just declaring the US territory your new home is not...
A shorter version of this article, "U.S. Opportunity Zones: Incredible Tax Savings For Entrepreneurs?", first published on Forbes.com. You may have heard about Opportunity Zones and their tax savings potential after the 2017 tax law went into effect. Through...
Would you like to have more investment options for your retirement savings? Regular IRA investments are limited to stocks, bonds, mutual funds and CDs. A self-directed IRA however offers far greater flexibility. Its investment choices are not limited to the public...
You are a US citizen and entrepreneur living abroad. You’ve recently met with a team of tax lawyers and accountants who give you the perfect tax structure in your country of residence. But as a US citizen, how do you tax-optimize your business for both countries? This...
The United States real estate market shows no indications of losing its attractiveness to foreign investors. Investing in real property in the U.S. is relatively easy, with no material restrictions on who can purchase it. The U.S. tax implications for foreign-owned...
