147: The Rise of Second Citizenship: Why U.S. Citizens Are Renouncing Their Status with with Olivier Wagner
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147: The Rise of Second Citizenship: Why U.S. Citizens Are Renouncing Their Status with with Olivier Wagner
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Join us in welcoming Olivier Wagner, founder of 1040 Abroad, to the show. With increasing interest in Plan B options and international living, especially post-COVID, Olivier offers insights into becoming a global citizen. Discussion highlights include the trend of U.S. citizens renouncing their citizenship due to worldwide income tax obligations, enforced by FATCA and FBAR regulations. Olivier explains tax strategies like the Foreign Tax Credit and Foreign Earned Income Exclusion for expats. He also discusses Mexico as a favorable destination for expatriates due to its relaxed residency and banking requirements. Learn more at https://1040abroad.com/
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