How To Pay Less Taxes: 5 Offshore Methods

How To Pay Less Taxes: 5 Offshore Methods

Dateline: Mexico City, Mexico When most people think of how they can structure their lives so that they don’t have to pay taxes, their first thought is that they have to go live in Dubai.  Surprisingly, this just isn’t the case. There are more ways than you might...
9 Types of Taxes To Avoid when Moving Offshore

9 Types of Taxes To Avoid when Moving Offshore

Dateline: Tbilisi, Georgia There are so many different types of tax that you have to consider when you’re living and traveling all around the world.  In fact, we all deal with these nine different types of tax on a frequent basis. And if you’re only...
6 Surprising Ways to Save More Money Offshore

6 Surprising Ways to Save More Money Offshore

Dateline: Tbilisi, Georgia One of the interesting things that I’ve learned being the Nomad Capitalist – helping people go overseas and also studying money habits in general – is how much of this stuff is behavioural. If you can go from 40% to 5% in...
IRS Currency Exchange Rates for Expat Tax Returns

IRS Currency Exchange Rates for Expat Tax Returns

If you’re a US citizen living abroad, then you will need to convert your foreign assets to USD for tax purposes. If you are a US citizen living abroad, you are required to file your annual taxes based on your worldwide income, not merely income earned in the US....
What is an IRS Currency Transaction Report?

What is an IRS Currency Transaction Report?

If you make a financial transaction of over $10,000, then your bank or other financial institution will need to file a Currency Transaction Report. Dateline: Kuala Lumpur, Malaysia Suppose you recently took a trip to Las Vegas, and you got lucky – in fact, you...
Form 8833: How to Claim Income Tax Treaty Benefits

Form 8833: How to Claim Income Tax Treaty Benefits

If you’re a tax resident of both the US and another country, then you may be able to use Form 8833 to reduce your US tax burden. FSay you’re a six- or seven-figure US-based entrepreneur who’s recently brought their business abroad. You find yourself...