
Show Notes
Thinking about living, working, or doing business abroad?
On this episode, David continues his conversation with Vincenzo Villamena, Founder and CEO of Online Taxman, for Part 2 of their discussion on international tax planning for Americans abroad. Vincenzo explains what U.S. citizens, entrepreneurs, expats, and global investors should consider before moving overseas, doing business internationally, or even renouncing U.S. citizenship. From coordinating U.S. and local tax rules to understanding exit tax, covered expatriate status, foreign earned income exclusions, and choosing the right international tax advisor, this episode offers practical guidance for making informed decisions in an increasingly connected world.
Key Takeaways:
→ Cross-border tax planning should begin before moving or doing business abroad→ U.S. and local tax rules must be coordinated together→ Renouncing U.S. citizenship can trigger major tax and immigration consequences→ Exit tax may apply for covered expatriates with higher net worth→ International tax experience matters when choosing the right advisor
More from Vincenzo Villamena and Online Taxman:
Website: onlinetaxman.comLinkedIn: linkedin.com/in/vincenzo-villamenaFacebook: facebook.com/OnlineTaxmanInstagram: instagram.com/onlinetaxman
Engage with David T. Yu:
Connect on LinkedIn, Instagram, & Facebook
Sign up for our newsletter or book a call
Visit: DTY Wealth Planning Solutions
Learn more about your ad choices. Visit megaphone.fm/adchoices
More from Jet Setting Wealth Advisory
Want to access your retirement savings before 59½ without the usual 10% early withdrawal penalty?
Facing IRS problems can feel overwhelming, but having the right strategy can make all the difference.
Are you building a business, or just building yourself a job?
Are you still managing taxes by looking backward?
Living, working, or investing abroad and unsure what the IRS still expects from you?