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Expats, Prepare and Beware the Tax Man

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Dear Future Expats, This is not the column I had planned for today. However, when I got this letter in my mailbox yesterday, I knew I had to share it with you ASAP. It's from Leif Simon of Live & Invest Overseas. I'll have a few further comments at the end. . . "The IRS is grabbing headlines again this week. Unfortunately, this time, it's at the serious expense of a friend of mine, U.S. tax attorney Chris Rusch. "Kathleen and I spent last week with Chris in Medellin. He was a presenter at …

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Living Abroad — Does it Make Financial Sense?

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"Why do you feel moving outside the US is the only option you have?" an online acquaintance inquired recently. The answer to that question feels so painfully obvious to me that I had to really stop and think about it. If you've been thinking about living abroad and you're not sure whether it makes sense for you in your individual financial circumstances, here's some food for thought. (I'm talking specifically to my readers in the US here.) Now, let me be clear. If your income covers your …

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How Will You Finance Your Life Overseas?

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In our recent poll, we discovered that most -- at least 80% -- of our readers will have to generate some income when they move overseas. None of them plan to hold an overseas job with their current employer, but half intend to develop some kind of self-employment income. This will be the first in a series of ongoing articles that may give you some ideas about your overseas self employment. Since it's what I plan to do, and what I know best, let's start with writing. Writing is probably the most …

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