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The Tax-Savvy Expat Podcast

The Tax-Savvy Expat Podcast helps American expats and digital nomads to (i) maximize the tax-reduction (and even tax-elimination) opportunities available by living abroad and (ii) avoid the pitfalls along the way. Stewart Patton, US tax attorney and expat entrepreneur, dives deep on a narrow topic in each episode, clearing away the myths and misconceptions to get to the real meat of the matter.
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Now displaying: December, 2016
Dec 28, 2016

In this episode and the next two, we'll put everything we've been discussing together and discuss how it applies in a specific scenario.  This one's for employees, the next one's for freelancers, and the final one's for entrepreneurs.

These three episodes are jam-packed with tips and tricks to make sure you fully understand your US tax situation and pay as little tax as possible.  We'll flesh out many of the ideas discussed in these three episodes on future episodes of the podcast.

After this episode, you'll know all about:

  • How the big three expat tax incentives apply to someone who works for a US company, works for a non-US company, or works "corp-to-corp";
  • Why you would want to work for a non-US company if at all possible in your situation; and
  • The difference between a totalization agreement and an equalization agreement.

Articles that discuss topics touched on in this episode:

Send me your thoughts on this episode (and any questions you'd like covered on a future episode) by clicking here.

Dec 20, 2016

This episode covers how non-US tax applies to Americans living abroad.

After this episode, you'll know all about:

  • The three income tax systems used by countries around the world;
  • Why US folks don't really have it as bad as folks from places like Canada, the UK, and Australia sometimes say we do; and 
  • The ways that "expats" and "digital nomads" are similar and different (and how that effects tax planning).

Articles that discuss topics touched on in this episode:

Send me your thoughts on this episode (and any questions you'd like covered on a future episode) by clicking here.

Dec 15, 2016

This episode discusses why one purpose of this podcast is to "guide you safely past the snapping jaws of the offshore gurus."

After this episode, you'll know all about:

  • How to identify an offshore guru,
  • The things an offshore guru can actually help you with, and
  • The areas where you shouldn't look to an offshore guru for help.

 Articles that discuss topics touched on in this episode:

 Send me your thoughts on this episode (and any questions you'd like covered on a future episode) by clicking here.

Dec 12, 2016

This episode covers everything you need to know about the foreign tax credit--that's the rule that allows you to reduce your US tax by the non-US tax you pay on the same income.

After this episode, you'll know all about:

  • How to make sure you don't pay double tax on the same item of income;
  • The different ways of thinking about tax by digital nomads v. settled expats; and
  • If you’re an expat with a business on the ground, why you need specific advice about how to classify your non-US legal entity for US tax purposes.

Articles that discuss topics touched on in this episode:

Send me your thoughts on this episode (and any questions you'd like covered on a future episode) by clicking here.

Dec 7, 2016

This episode covers the foreign housing deduction/exclusion.  If you spend quite a bit on your housing expenses, and you make more than $100,000 from working, then you can use this expat tax benefit to knock out a bit more of your foreign earned income.

After this episode, you'll know all about:

  • How to use the foreign housing deduction/exclusion;
  • What the heck the difference is anyway between a deduction and an exclusion; and
  • The relative cost of living between Chiang Mai and Hong Kong (and why it matters).

 Articles that discuss topics touched on in this episode:

Send me your thoughts on this episode (and any questions you'd like covered on a future episode) by clicking here.

Dec 7, 2016

This episode covers the foreign housing deduction/exclusion.  If you spend quite a bit on your housing expenses, and you make more than $100,000 from working, then you can use this expat tax benefit to knock out a bit more of your foreign earned income.

After this episode, you'll know all about:

  • How to use the foreign housing deduction/exclusion;
  • What the heck the difference is anyway between a deduction and an exclusion; and
  • The relative cost of living between Chiang Mai and Hong Kong (and why it matters).

 Articles that discuss topics touched on in this episode:

Send me your thoughts on this episode (and any questions you'd like covered on a future episode) by clicking here.

Dec 2, 2016

This episode covers the physical presence test and bona fide residence test. You must pass one of these two tests to qualify for the foreign earned income exclusion (and you only need to pass one--no bonus points for passing them both).

After this episode, you'll know all about:

  • Exactly how these two tests work;
  • The difference between "a year" and "a 12-month period"; and
  • Why sailors, astronauts, and Antarctic explorers don't get to take the foreign earned income exclusion.

 Articles that discuss topics touched on in this episode:

Send me your thoughts on this episode (and any questions you'd like covered on a future episode) by clicking here.

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