Episode Details

Are you a U.S. citizen who owns property in another country or is planning to live or invest outside the U.S.? Have you been wondering whether you have to pay taxes, or even how to get your head around the whole foreign living/investment taxation code? 

The IRS requires U.S. citizens living, working or investing abroad to pay taxes on worldwide income. Find out how to stay right with the IRS as well as find the hidden money in the foreign investment tax code.

In this podcast episode, David Kafka, founder and director of Caribbean Capital Group LLC, shares his very honest, fascinating and myth-debunking learning journey of how he moved from South Carolina to Belize with his family, and figured out how to stay right with the IRS as a U.S. citizen now living abroad for over 12 years.

In this episode, we discuss

• A misleading book’s information leading to tax evasion

• How US citizens living abroad cannot avoid filing tax returns in the US

• The streamlined process as a way with better options to true-up with the IRS on backlogs

• The historical background to Erwin Schiff’s misleading book on not paying taxes

• Belizean tax code and the way it works

• US tax calculations taking into account Belizean tax paid

• The complex tax code for US citizens living abroad and the wisdom of compliance

• The practical checks and balances to living abroad

• A comparison between owning foreign vs domestic properties

• How foreign-earned income exclusions work to provide tax credit

• Syndication as an investment opportunity in Belize

To Learn More

If you are interested in living abroad as a US citizen and would like to know more from David Kafka, you can visit his channel on YouTube Caribbean Capital Group - YouTube

You can also visit his website Caribbean Capital Group - Invest in Belize - Caribbean Capital Group to learn more about Belizean life and investment. 

If you are an accredited investor interested in investing in Belize, you can visit Placencia and Hopkins Belize Real Estate with RE/MAX 1st Choice (1stchoicebelize.com)

To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus. 

To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation

Social Media Links

Instagram: https://www.instagram.com/hiddenmoney.podcast/

Facebook: https://www.facebook.com/hiddenmoney.podcast

Youtube: https://www.youtube.com/@HiddenMoneyPodcast

Linkedin: https://www.linkedin.com/company/hidden-money-podcast/

Twitter : https://twitter.com/hiddenmoney_com

You can also listen our podcast on major podcast platforms links:

Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519

Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065

Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw

iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/

Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast

Pocket cast - https://pca.st/9r4x6t36

Castbox - https://castbox.fm/channel/id5413766

Website - https://www.hiddenmoney.com/