EP 13: Between A Rock & A Hard Place: A Quick Guide To Mitigating Double Taxation

The US taxes you on your worldwide income, regardless of where you live. If you live in the US and have foreign income, or live abroad, you have to report your foreign income on your US return.

The other country in the equation is also very interested in your income, especially if you live there. And so the fear of being double taxed is real and justified.

We are going to talk about Avoiding Double Taxation.

In this episode, we'll discuss the two main ways of mitigating this issue.

FEIE - Foreign Earned Income Exclusion and Foreign Tax Credits