The Secret of the FEIE: Your Ticket to a Tax–Free Life Overseas

The Secret of the FEIE: Your Ticket to a Tax–Free Life Overseas

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March 19, 2016

Living and working overseas provides opportunities for new vistas, new cultures, great food, more sunshine, and a much lower cost of living. But did you know that it can also provide you with a huge tax benefit? Maybe you are overseas as an employee for a corporation, a local B&B, or even a tour company. Perhaps you operate abroad as an independent consultant, freelancer, or business owner. If you are a U.S. citizen living and working outside the U.S. for most of a year, you may qualify for what’s known as the Foreign Earned Income Exclusion (FEIE). With this, you could completely eliminate your U.S. tax liability.

Tax Tips and Caveats: How to File Right from Overseas

Tax Tips and Caveats: How to File Right from Overseas

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February 20, 2016

So you’ve moved overseas to start a new life. Maybe you’ve left an old job and started a new business—and it’s thriving. Perhaps you are finally living the overseas retirement you always dreamed of. But wherever you go, and whatever you do, if you’re a U.S. citizen, you cannot escape your annual U.S. income tax responsibilities. Luckily, filing your taxes from overseas is as easy now as it’s ever been. And you may even qualify for some great benefits by doing it.

Five Legal Ways to Avoid FATCA

Five Legal Ways to Avoid FATCA

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November 19, 2015

I call it the worst law most Americans have never heard of…but you may have heard it called FATCA—the Foreign Account Tax Compliance Act. FATCA demands that every foreign financial institution (FFI) in the world turn over account information from its U.S. clients to the Internal Revenue Service. As you can imagine, this can make it difficult for U.S. citizens to offshore their money and keep it safe from the prying hands of the U.S. government.

Nicaragua Welcomes Entrepreneurs with Incentives and Tax Breaks

Nicaragua Welcomes Entrepreneurs with Incentives and Tax Breaks

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September 1, 2013

Nicaragua is not the first place many people think of when planning a vacation…but things are looking up. There were 1.2 million visitors in 2012, a 14% bump over the previous year, according to tourism officials. And the country has garnered glowing mentions in The New York Times, Travel + Leisure, and other publications.