Tax Free Expat
By Marcus Marcial
Why American Living Abroad Can’t Escape the U.S. Tax System - And What They Can do About it….
Legally avoiding tax offshore isn’t necessarily about how you plan on paper; it's about how you implement your decisions in the real world.
Traditional tax planning has always been a math-based checklist approach to saving. Yet, when moving overseas, humans face problems, setbacks, and decisions outside of a tax return.
These stories, written by a former IRS auditor, share how Americans can move Tax-Free, legally, to keep more of what they earn, in both money and time.
Phase 1 - Understanding the Foreign Exclusion and Planning the Proper Structure
To begin, we provide the knowledge you need about the United States system of worldwide taxation and how foreign-based income is excluded. From offshore sourcing rules, the requirements of the Foreign Earned Income Exclusion, and Foreign Corporation advantages will help you understand these basic principles to become tax-free. From there, we help you choose the proper structure and jurisdiction and develop an international tax structure that suits your needs.
Phase II - Entity Formation, Banking, and Payment Processing
Upon determining that your income will be foreign-sourced and that you qualify for the foreign exclusion or credit, the next step is to implement your plan in real-world action items: coordinating with Legal Counsel in the Chosen Jurisdiction, Digital Banking Application & KYC, and Payment Processing Account Creation & Testing
Phase III - Accounting & Document Compilation
In the final phase of becoming a Tax-Free Expat, we help you with Financial Statement Preparation & Projections, as well as Document Review for Tax Return Preparation. From there, we guide you through how to maintain your structure and the concepts you need to remain successful.
Dont Like Paying Taxes? Let’s Chat...
Schedule an Initial Consultation to work with us to develop a personalized tax strategy that fits your needs and an offshore structure to pay no U.S. Tax if you live in a foreign country. Review our Tax Free Expat Implementation Guide plans for a comprehensive summary of how to get you on the right track…