Dateline: Tivat, Montenegro When I was eleven or twelve years-old, my parents began talking about picking up our lives in the United States and transplanting everything to a...
Form 8858: US Taxes on Foreign Disregarded Entities
All expat or US taxpayers who own a foreign business or have an interest in a foreign business (corporation, partnership or LLC) must complete and file a number of forms with...
Form 8865: Tax Returns for Foreign Partnerships
As readers of this site know, the United States taxes its citizens (including expats who live and work abroad) and legal permanent residents (LPRs) on their worldwide income. No...
Form 3520: US Taxes on Gifts and Inheritances
You’ve probably heard the expression that ‘the only two things certain in life are death and taxes’. The Internal Revenue Service (IRS) works very hard to make the latter...
FinCEN 114: Everything You Need to Know
If you are a citizen (resident or non-resident) of the United States, green card holder, or resident alien who has a financial interest in or signature authority over a foreign...
How to Bank, Live, and Invest Abroad: The Global Citizen Sandwich
Here at Nomad Capitalist, we spend a lot of time talking about the concept of going where you’re treated best. At its most basic, this idea means seeking out places that have...
Will the FATCA Filing Requirement Ever Be Repealed?
Dateline: Tivat, Montenegro In recent years, I've worked with a number of people who have already renounced, want to renounce, or plan to renounce their US citizenship -...
How to Open a Bank Account in Malta (as a Non-resident)
There are several reasons why Malta is an incredibly popular destination for wealthy expats. On the surface, there’s the golden Mediterranean sunshine, the lush coastal...
Can You Get Out of Student Loans by Moving Abroad?
America has a student loan crisis. According to the Fed, at the end of 2022, student loan debt in the US stood at $1.6 trillion. Even with President Biden’s student loan...
Double a Penny for 30 days… Now Pay Taxes
If your finances are in dire need of rescue, then investing in foreign real estate or creating an international Certificates of Deposit (CD) ladder is probably not your biggest...
What is FATCA?: the Ultimate Guide
More than a decade after the Foreign Account Tax Compliance Act (FATCA) became law, its global impact is still being felt. What began as a US attempt to crack down on...
The Best Offshore Banks for 2025
When it comes to offshore banking, one of the most common questions that we get from readers is, 'What are the best offshore banks?' If you're a seven- or eight-figure...
CFC Rules: Taxes on Controlled Foreign Corporations
Dateline: Kuala Lumpur, Malaysia In the world of business, we're taught to keep things as simple as possible, so we often think of concepts in the simplest possible terms. So,...
How to Open an Offshore Bank Account in Belize
Dateline: Kuala Lumpur, Malaysia An increasing number of people around the world have turned to offshore banking as a legal way to diversify and protect their assets while...
A List of the Best Offshore Private Vaults
Dateline: Singapore I've been fascinated with the concept of offshore private vaults and safe deposit boxes for years. Basically, a private vault is an alternative to a bank-safe...
International CD Laddering with High Interest Rates
This article explores CD laddering, a method of increasing the amount of interest that you earn on term deposit accounts by staggering your accounts’ maturity dates. By...
Offshore Life Insurance: The Last ‘Tax Shelter’ for US Citizens
When it comes to taxes, US citizens get a raw deal. Not only do they have to pay tax on their worldwide income, but they have to pay it regardless of whether or not they...
FBAR Form Filing & Due Dates: The Ultimate Guide
FBAR is an acronym commonly used to refer to FinCEN Form 114, “Report of Foreign Bank and Financial Accounts.” When filing FBAR, you need to make sure that you get everything...
IRS Currency Exchange Rates for Expat Tax Returns
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. In most cases, this will...
What is an IRS Currency Transaction Report?
Suppose you recently took a trip to Las Vegas, and you got lucky – in fact, you took home more than $10,000 in gambling winnings. In that case, you likely have a Currency...
