The Expat S Guide To U S Taxes

Are you a citizen of the United States who lives abroad? You probably know that the U.S.A. is one of only two countries that applies citizenship based taxation in order to tax its own citizens on their worldwide income, irrespective of where they live or work anywhere in the world. If you're thinking about becoming a digital nomad or expatriating to another country, do you know how to avoid having to pay tax on your income while abroad? There could be huge penalties or tax evasion charges if you don't file correctly. Fortunately, these important questions have answers. By combining the right strategies for citizenship, residency, banking, incorporation, and physical presence in other countries, most people who work overseas can legally lower their U.S. tax owing to $0. In U.S. Taxes for Worldly Americans, Certified Public Accountant, U.S. immigrant, expat, and perpetual traveler Olivier Wagner preaches the philosophy of being a worldly American. He uses his expertise to show you how to use 100% legal strategies (beyond traditionally maligned "tax havens") to keep your income and assets safe from the IRS. Olivier covers a wealth of international tax information, including: 1. Step-by-step instructions to fill out the Forms and Schedules you will use to file your offshore tax, no matter where you are. 2. How to qualify for special deductions, credits, and exemptions on international taxation. 3. Why opening bank accounts and corporations in foreign countries is easier than you think. 4. How residency or citizenship in another country can legally lower your taxes. 5. Practical advice for moving, living, and working with tax free income in other parts of the world. 6. What to consider before renouncing your American citizenship and saying goodbye to the IRS for good. As a non-resident American, there is no single easy answer to lower your taxes. If you don't understand every possibility, you could end up paying too much. Embrace a worldly lifestyle with confidence as you master the U.S. tax system for Americans living overseas.

Presents in simple and concise form the complicated U. S. Tax Laws that impact Americans living overseas. Covers most common tax situations, using examples to explain.

This is a very user-friendly guide for the U.S. tax filer who lives outside of the United States but is still required to file his or her U.S. tax return on an annual basis. This book explains, in an easy, informal and frequently humorous manner what the tax filer's requirements are and pitfalls to look out for to avoid what could otherwise be harsh penalties. Asian Tax Review's Laurence E. Lipsher has written six prior, annual books, updating and expanding upon topics about the expat filer should be aware. Lipsher has spoken about taxes all over the world and is a popular 'tax entertainer'. In addition, this year's book also includes 'Nine Essays from a Transpacific Rock 'n' Tax Man', a mini-memoir covering the author's years in the rock music business, overcoming a cocaine addiction to become a wine industry tax expert, and going through the weirdest manifestation of a mid-life crisis by starting all over again, twenty-five years ago, as an American accountant in the People's Republic of China.

There has not been anything written about U.S. Taxation matters that apply to U.S. Expats in over a decade.....until now! Larry Lipsher's new book is written especially for the American taxpayer who lives and works outside of the U.S. Tax year 2010 places a whole new set of tax rules, regulations and laws into operation with two major tax acts passed by Congress and signed into law by the President. FATCA, the Foreign Accounts Tax Compliance Act will forever impact how Americans will do their banking and what they will have to report, in detail, for matters they were not required to report upon in the past. Lipsher, a popular commentator of taxes in Asia for well over a decade, writes to get laughs from a subject that usually generates far more tears than laughter. He is brief and very much to the point, concentrating upon making a boring subject as interesting as possible!

The essential Expat guide for preparation of your US tax return - for Americans living overseas. Step by step walk through of what you need to consider and the overseas implications for you. The tax exemptions and reliefs that you should be claiming!

In U.S. Taxes for Worldly Americans, Certified Public Accountant Olivier Wagner shows expats and digital nomads the legal strategies for citizenship, residency, banking, incorporation, and physical presence in other countries, most people who work overseas can legally lower their U.S. tax owing to $0.