How We Pay ZERO United States Income Taxes Living in Panama!

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Nothing in life is certain except death and.....you know the rest! But if you are a United States citizen who moves to Panama, you could save over $60,000 a year (and more each year!) in income taxes just by moving to Panama! Yes, we can live a great life in Panama just off of our TAX SAVINGS!!! This was one of our primary reasons for moving to Panama, and in this video I'll give you the bare basics as to how it works. I WANT TO MAKE IT CLEAR THAT YOU MUST PROPERLY STRUCTURE YOUR BUSINESS TO TAKE ADVANTAGE OF THESE TAX SAVINGS!!! You can't just have a business that is set up in the United States- it's a lot more complicated than that. For information specific to your tax situation, I highly recommend my expat tax professional, Allen Pfeister. Contact him at www.igopanama.com/services/ta...
Want information to help you plan your Panama relocation or vacation? Need to find businesses in Panama? Go to the I Go Panama website! www.igopanama.com
Have questions about this video or anything else related to Panama? All of your questions about moving to Panama, retiring in Panama, living in Panama, or simply visiting Panama as a tourist can be asked on our I Go Panama facebook group! See you there! groups/igopanama
We have over 170 fun & educational videos on Panama! View them all here: tinyurl.com/2wsjwknb

Опубликовано:

16 фев 2024

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Комментарии : 29

@IGoPanama 4 месяца назад

Nothing in life is certain except death and.....you know the rest! But if you are a United States citizen who moves to Panama, you could save over $60,000 a year (and more each year!) in income taxes just by moving to Panama! Yes, we can live a great life in Panama just off of our TAX SAVINGS!!! This was one of our primary reasons for moving to Panama, and in this video I'll give you the bare basics as to how it works. I WANT TO MAKE IT CLEAR THAT YOU MUST PROPERLY STRUCTURE YOUR BUSINESS TO TAKE ADVANTAGE OF THESE TAX SAVINGS!!! You can't just have a business that is set up in the United States- it's a lot more complicated than that. For information specific to your tax situation, I highly recommend my expat tax professional, Allen Pfeister. Contact him at www.igopanama.com/services/tax-uncomplicated Want information to help you plan your Panama relocation or vacation? Need to find businesses in Panama? Go to the I Go Panama website! www.igopanama.com Have questions about this video or anything else related to Panama? All of your questions about moving to Panama, retiring in Panama, living in Panama, or simply visiting Panama as a tourist can be asked on our I Go Panama facebook group! See you there! facebook.com/groups/igopanama We have over 170 fun & educational videos on Panama! View them all here: tinyurl.com/2wsjwknb

@johnrencher442 28 дней назад

Fantastic job… We are considering Panama for retirement and we have been discussing the numbers, and Panama looks like a winner, will be visiting in April of 2025, and we are so excited… I love your honesty and sense of humor… I will definitely be watching and researching… Thanks for your insight…

@user-jo3eg8qf5g 4 месяца назад

Great information!

@viral_videos257 4 месяца назад

excellent useful information, thx

@MimiMimi-ck4iw 4 месяца назад

That was Great information, Thank You ❤ your videos

@nxadragon 4 месяца назад

Wow i didnt know that... thank you for broadening my knowledge base. Im going to go research this now

@Int.pablo.e.arias.c 4 месяца назад

Wow!!! 😮 The ability to earn up to 120k without having to pay income tax is huge This is a game changer for self-employed professionals and business owners who live abroad. Panama 🇵🇦 is a good place to avoid the filing process and the income reporting. 😊

@IGoPanama 4 месяца назад

You still have to file and report! But if you structure everything properly, you don't have to pay!

@gordonbell580 4 месяца назад

Panama was the greatest tax haven in the world I think the oecd screwed that up, abolish the irs

@chantalrochon3566 4 месяца назад

Love your new camisole, lovely trees… I’m an artist😊

@IGoPanama 4 месяца назад

Thank you! It's mangroves.

@rob9307 4 месяца назад

I'm applying under Panama's friendly Nation Visa can I give you a 2-year temporary residency can I still qualify for the foreign tax exclusion even though I haven't got my permanent residency yet

@IGoPanama 4 месяца назад

If you are out of the US for 330 days a year, yes.

@cl2385 4 месяца назад

Looked that up in the IRS website and it says that you also need to remain in Panama for 330 days to qualify for the exclusion.

@IGoPanama 4 месяца назад

That is one of the two ways I was talking about. The other way is permanent residency (that's what we do) and it doesn't have that requirement. However, you shouldn't be spending lots of time in the US even if you have permanent residency or it could raise red flags.

@jianbai888 4 месяца назад

What if you need to travel outside of Panama for vacation?

@IGoPanama 4 месяца назад

@@jianbai888 If you are a permanent resident, that 330 day rule does not apply. I discuss that in the video. Please understand that the 330 day rule is for people living outside of the US who are NOT permanent residents of another country.

@rob9307 4 месяца назад

What is the maximum number of days that you can vist in the US if you are permanent resident of Panama to meet this tax exclusion requirement

@skranz7790 4 месяца назад

@@rob9307The rule is 183 total days in the most recent 3 years, including the current year and the 2 years prior. This is if you are officially a permanent residence visa holder of another country. But, I wouldn't push the envelope. Best not to plan on spending any more than 7 weeks inside US borders (including US Territories in addition to States) in any given year. Then you're good. Which ever way you want to divide that 7 weeks up during each year. However, if you aren't an official resident of another country, then the 330 day rule applies. But, again you don't want to push the envelope. So, in this case, I wouldn't plan on spending any more than 30 days inside US borders in any given year.