Looking to live under the Tuscan sun? Dreaming about Dubai? The pandemic has had many people considering a move. Many are looking at a move abroad.
Kelly Phillips Erb, the @TaxGirl and I (@VLJeker , the @TaxLady_w_Style) had a great conversation about what it means from a tax and practical perspective for a US person to leave the United States and move overseas. The link to the podcast is here.
As many of my readers know, I left the homeland in 1986 and never looked back – 15 years in Hong Kong and now, 20 in Dubai. I was born and raised in Brooklyn, New York. My friends (and probably I) sounded a bit like My Cousin Vinny…. I never would have dreamed that I’d spend more than half of my life outside America.
Taking the Plunge
I was a pioneer; back in the 1980’s not many left the USA for a life overseas. I can tell you with certainty that moving to a foreign country is a most rewarding experience, but it is also one of the most intimidating. You take a leap of faith as you step outside of your comfort zone into completely unfamiliar territory. If you are not being backed up by an employer for the move, it is even more difficult since you must navigate far more complexities “solo”- from visa issues, to finding housing and work, schools for children, cultural changes and let’s not overlook ever more detailed US tax complexities!
Don’t be intimidated. Don’t let the challenges scare you off the experience of a lifetime.
I can help. Rest assured you will be engaging a top tax advisor with the international experience you need. Let me take away your tax worries. Email me for a consultation: email@example.com
Posted March 25, 2021
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