#26 - Stewart Patton - Navigating U.S. Tax Laws for Expats and Digital Nomads

Welcome to another episode of Think Richa w/ Andrés Richa, where we empower you to take control of your life and thrive with confidence. In this insightful session, I chat with Stewart Patton, a U.S. tax attorney specializing in international tax. Stewart shares invaluable advice for expats and digital nomads on managing U.S. tax obligations while living abroad.

00:00 - Introduction
02:20 - Stewart's journey from big law firms in Chicago to living in Belize.
05:48 - The challenges and benefits of living abroad as a U.S. citizen.
10:30 - Understanding the Foreign Earned Income Exclusion (FEIE) and how it can reduce your tax bill.
16:25 - The complexities of employment and self-employment taxes for U.S. citizens abroad.
21:12 - Strategies for structuring international businesses to minimize taxes.
27:33 - The importance of physical presence and bona fide residence tests.
38:11 - The impact of the Tax Cuts and Jobs Act of 2017 on international tax planning.
48:20 - Practical advice for young entrepreneurs and digital nomads starting their journey.

🚀 About This Episode:
Join us as Stewart breaks down the intricate world of U.S. tax laws for expats and digital nomads. Discover his expert strategies for legally minimizing your tax burden while enjoying the freedom of living abroad.

🔍 In This Episode, You'll Learn:
- The significance of the Foreign Earned Income Exclusion (FEIE) for U.S. expats.
- How to navigate self-employment taxes while working internationally.
- Effective business structuring to optimize tax benefits.
- The pros and cons of living abroad from a tax perspective.
- Practical tips for maintaining compliance with U.S. tax laws.
- The advantages and challenges of being a digital nomad.
- How to plan for long-term financial success as an expat.

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🔗 Reach out to Stewart:
- Website: https://ustax.bz/
- LinkedIn: https://www.linkedin.com/in/stewart-p...

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