In Episode 20 of our podcast, "Parental Advisory", we talk about some of the biggest misconceptions US taxpayers have about living and investing offshore, including the following:
- The myth that some sort of magic wand can make all of your income non-taxable by moving it overseas.
- However, some of your foreign-earned income can be excluded.
- How the dreaded Subpart F gives little room to defer income while taxing capital gains at higher ordinary rates.
- And yet, a foreign commodity hedging account can defer gains indefinitely.
Curious to learn more about how the universal taxation of the IRS works (along with some truly gripping history)? Watch now: