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Eliminate U.S. Taxes Legally with Offshore Strategies 🌎
Most people assume you need to be a billionaire to benefit from offshore tax strategies. That’s not true. In this video, Mikkel Thorup breaks down practical ways to reduce or even eliminate U.S. taxes legally while keeping everything fully compliant.
You’ll discover:
• How the Foreign Earned Income Exclusion (FEIE) can save you over $126,000 each year.
• Asset protection tools like offshore trusts and family foundations.
• The difference between the physical presence and bona fide residency tests.
• Legal strategies for lowering federal taxes by moving offshore or restructuring your finances.
• Why countries such as Panama and Costa Rica create powerful advantages for expats.
This is designed for business owners, investors, and professionals who want to protect wealth and plan globally. Whether you’re considering a move abroad or just exploring options, the insights here will help you think differently about your financial future.
Subscribe for more clear strategies on taxes, wealth preservation, and financial planning.
#cpa #foreignincomeexclusioneligibility #foreignhousingexclusion #foreignearnedincomeexclusion #foreigntaxcreditexplained
CHAPTERS:
00:00 - Intro
02:18 - Mikkel's Origin Story
08:40 - Moving Money Offshore Strategies
12:45 - Understanding Foreign Earned Income Exclusion (FEIE)
15:28 - Effective Tax Reduction Techniques
20:32 - Asset Protection Strategies
22:30 - Evaluating Financial Thresholds for Offshore Benefits
25:14 - Managing Retirement Accounts Offshore
28:11 - Commonly Asked Questions About Offshore Finances
32:55 - Where to Start with Offshore Investments
35:00 - Closing Remarks
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