Published May 2019, updated July 2020 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 … Read More
Puerto Rico Taxes – How to benefit from incredible tax incentives
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 enough. Let’s look at the … Read More
US Opportunity Zones – Incredible tax savings even for foreign investors and expats?
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 investment in opportunity zones, you can defer and reduce capital gain … Read More
Use a self-directed IRA to invest in real estate, even internationally
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 market. A self-directed IRA, or SDIRA, also allows for … Read More
Hybrid entity – How to tax-optimize your business for two countries
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 is where a … Read More
Tax implications for foreign ownership of U.S. real estate – What you need to know about FIRPTA
The United States real estate market shows no indications of losing its attractiveness for foreign investors. Investing in real property in the U.S. is relatively easy, with no material restrictions on who can purchase. The U.S. tax implications for foreign-owned real estate, however, often catch foreign investors by surprise. Non-U.S. … Read More
Don’t miss out on a portion of your FEIE! Why self-employed entrepreneurs abroad should incorporate
If you are self-employed, you probably heard that you can save self-employment tax when you incorporate your business. But if you work outside the United States, incorporating gives you even more tax savings. As an employee of your own company you could benefit from the full Foreign Earned Income Exclusion, … Read More
Transfer pricing study – Avoid tax trouble and improve strategic planning
A tax optimized international business structure often includes two or more companies in different jurisdictions controlled by the same owner. When those related companies do business with each other, performing a transfer pricing study is a necessity. Transferring goods and services between companies under common control without a transfer pricing … Read More
Offshore trust – How to protect your assets with a foreign asset protection trust
You worked hard for your assets. But in an increasingly litigious world, those assets could be on the line. High net worth individuals, especially those with an occupation with high litigation risk, benefit from taking at least some of their assets out of the reach of U.S. creditors. Protect assets … Read More
What to do with your offshore company when moving back to the US?
An offshore company can make great sense when you live abroad. Not only is the foreign business incorporated where you are. An offshore company controlled from outside the US also affords significant tax savings. But what to do with your offshore business when moving back to the US? Can you … Read More
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