Earn up to $87,600 Overseas Tax-free—Courtesy of the IRS
Date: 07/09/2008Wednesday, July 9, 2008
Read more about overseas tax havens in International Living Postcards—your daily escape
I’m not even beating the government out of anything...the government wants me to take this exclusion!
I live and work outside the U.S., and the money I make while traveling from one exotic locale to another is knocked directly off my tax bill.
If news of this legal tax break gets out, I’ll be bumping into people everywhere I go doing the same thing. But The Sovereign Society’s Erika Nolan is determined to let the cat out of the bag. Get the full scoop below.
Dan Prescher
Publisher, International Living
How to Profit From Panama’s Duty-free Zone
Date: 05/13/2008
Tuesday, May 13, 2008
Panama City, Panama
Learn more about Panama in International Living Postcards—your daily escape
Ah, dirty, sexy money; unfortunately, we can’t live without it. I know from your e-mails that many of you plan to retire early and continue working once you relocate to Panama. But what to do? Start a new business? Look for a job? Expand your current business overseas? There are plenty of options for those who need to make a living here.
Read OnThe Tax Man Cometh…or Maybe Not
Date: 04/05/2008Saturday, April 5, 2008
Learn more about international real estate taxes in International Living Postcards—your daily escape
Nobody likes to think about taxes, and, if you’re like most people, you probably try to ignore them altogether until tax season rolls around each year.
That strategy can cost you big time, especially if you’re investing in real estate in multiple jurisdictions.
Read OnThe Party Line on Taxes
Date: 04/02/2008
Wednesday, April 2, 2008
Mérida, Mexico
Read more about doing your taxes overseas in International Living Postcards—your daily escape
Suzan and I went to a party the other night at a friend’s house here in Mérida. I met a guy named Jim who just retired and is in the process of renovating a house here in town with his wife. As usual among the guys in any expat gathering, we eventually started talking about U.S. politics.
Read OnTax Deadline Looming? Get 6 More Months
Date: 03/21/2008Friday, March 21, 2008
Get more expat advice for your life overseas in International Living Postcards—your daily escape
You've moved overseas to start a new life. You've left your old job, your old worries—maybe even your kids—behind. But there's one thing you didn’t escape…that shadow that sticks with you no matter where you roam: your U.S. tax obligation. And now, as an overseas filer, you have a whole new set of rules to contend with.
Read OnThe Mexican Market That Rewards Gringos
Date: 02/24/2008Sunday, Feb. 24, 2008
Get more helpful expat advice in International Living Postcards—Sunday Edition
We all like having our biases affirmed…like when your doctor tells you that red wine is good for your heart.
Or when a local real estate expert tells you that you’re doing the right thing with your colonial-style home in Mexico.
Read OnThe Solution to Sky-high Taxes and Rocketing Health Care Costs
Date: 02/19/2008
Tuesday, Feb. 19, 2008
Mérida, Mexico
Read more about Mexico in International Living Postcards—your daily escape
Over cocktails with a friend recently, discussion soon turned to real estate. My friend was a real estate broker for 30 years in the U.S. before moving to Mexico six years ago. Here in Mérida, he’s back in the game…couldn’t stop himself, he says, since he sees so much potential here.
Read OnThe IRS Want Theirs, but Theirs Can Be Less
Date: 01/28/2008
January 28, 2008
Mérida, Mexico
A friend just wrote and mentioned her chagrin with “the IRS.” By the way, she asked, have you ever noticed what the words "the IRS" run together spell?
Yes, it’s that time of year again…when we need to get organized to make our case to the tax man. Unfortunately, we can’t run from him by leaving the country—the U.S. taxes its citizens (and resident aliens) on income earned anywhere in the world. So why do I bring this up? Because there are ways to improve your tax situation by moving to Mexico. Here are a few tips.
Read On