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Expat Phyles
Expat Phyles was created to help you create the right Plan B... in the right part of the world... where you and your family can ride out any troubles in your home country during the turbulent 2020s.
From international living to offshore investing... from private schools to private banking... foreign real estate... second passports... offshore vaults for your precious metals... asset protection trusts do's and don'ts... how to make your digital life un-cancellable... and the best residencies for you to pursue right now... all wrapped up in a dose of libertarian philosophy and uncommon good sense that will keep you sane in an increasingly insane world!
Expat Phyles
Ep. #26: Olivier Wagner on Expat Taxation - staying compliant while reducing what you owe
To book your free 15 minute call with Tain, go here:
This Episode:
Olivier Wagner is came to the US to work on Wall Street. After the 2008, GFC, he had a better idea... So he became a tax specialist and began traveling.
Originally from Strasbourg, France, he also has US and Canadian passports. Today, he helps US expats with the monumental burdens of staying compliant with the IRS.
To this end, Olivier actually makes the rounds by traveling to big time expat hangouts like Mexico City during tax season - which is where I caught up with him for this podcast. (Most people don't know this but Mexico City has the highest number of US citizens outside the US - IYKYK.)
He shared his "Three Legs" system for helping you reduce what you pay - and even had a surprising take on renouncing US citizenship... who's doing it... and why? (HINT: It's not who you think.) Enjoy...
Resources:
- Olivier's book: https://1040abroad.com/book-us-taxes-for-worldly-americans/
- Website: https://1040abroad.com/
- Website to convert crypto data into something an accounting can use to calculate capital gains: https://koinly.io/
IRS forms mentioned in the podcast:
- Form 1116: Foreign Tax Credit
- Form 2555: Foreign Earned Income Exclusion
- Form 5471: For Foreign Corporation - Subpart F & GILTI income
- Form 8621: Passive Foreign Investment Company
- Form 8854: After renouncing US citizenship
I created The Expat Phyles to show you the world of options that exist outside your home country.
Today, it's more important than ever to move some of your wealth - and maybe even your family - offshore because your #1 risk right now is the political risk from your home government.
Go here to book a FREE 15-minute call and find out how easy it is to get started living the Expat Adventure.
"I work with you one-on-one to design and execute a plan to legally offshore and protect your investments, reduce your tax bill, diversify your wealth and make you a global citizen so you can enjoy greater freedom and opportunity." - Tain Nix