U.S. Taxes for Worldly Americans
The Traveling Expat’s Guide to Living, Working, and Staying Tax Compliant Abroad
TITLE: U.S. Taxes for Worldly Americans
AUTHOR: Olivier Wagner, EA, CPA
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 in the world that applies citizenship based taxation in order to tax its own citizens on their worldwide income, irrespective of where they are 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. | Read more at Goodreads.com
A Must Read if You’re Do Your Own Taxes
I am thrilled to have been virtually introduced to Olivier Wagner through a fellow wanderer. Taxes will be one less thing I have to worry about when I pack up and move to Panamá in several years.
Olivier’s book is extremely helpful—especially if you’re one to take on the task of doing your own taxes. I am most definitely not one of the “especiallys” as the mere thought of muddling through the complexities makes this hedonist nauseous. Also, I like my sleep, which I would surely lose as I lay worrying about a potential audit. I do, however, like to be educated enough to be able to understand my professionals and ask the occasional intelligent question.
Olivier covers everything from the big picture of living the expat life all the way down to the specific tax forms you must file. I plan on contacting him about a year before I leave the country to get my financial ducks lined up.