If you are a U.S. citizen living abroad, planning to move overseas, or thinking about retirement outside the United States, taxes still need to be part of your relocation plan.
In this episode of The Bougie Expat Podcast, Sable sits down with her friend Laura, an expat tax CPA with more than 20 years of experience in international taxes, for a clear conversation about what U.S. citizens need to understand before moving abroad.
Laura explains why the IRS still expects U.S. citizens to file taxes while living overseas, how tax residency works, what double taxation means, and why filing does not always mean you will owe. She also breaks down the foreign earned income exclusion, foreign tax credits, the 330-day physical presence test, and why retirement income, passive income, business income, and digital nomad income can all be treated differently.
This conversation is especially helpful for Black women over 40 who are planning to relocate abroad, retire overseas, work remotely, or build income streams while living outside the U.S.
This episode is not tax advice. It is an educational conversation to help you understand what questions to ask and why speaking with a qualified tax professional before moving abroad can save you stress, money, and major surprises later.
In This Episode
- Why U.S. citizens still need to file taxes while living abroad
- What tax residency means for expats
- Why filing taxes does not always mean owing taxes
- How the foreign earned income exclusion works
- The 330-day physical presence test
- What double taxation means
- How foreign tax credits may reduce U.S. tax liability
- Why retirement income and earned income are treated differently
- Tax concerns for digital nomads and remote workers
- Why LLCs, S corps, and business income need planning before relocation
- How unpaid taxes can affect passport renewal or travel
- Why every relocation plan should include a tax plan
Mentioned in This Episode
- IRS filing obligations for U.S. citizens abroad
- Tax residency
- Foreign earned income exclusion
- Foreign tax credit
- Double taxation
- Digital nomad income
- Passive income
- Retirement income
- U.S. passport tax issues
- LLCs and S corporations
- Portugal
- Panama
- Laura, expat tax CPA
Thank you for listening to The Bougie Expat Podcast.
If this episode spoke to you, subscribe to the podcast and share it with another Black woman over 40 who has been thinking about relocating abroad, retiring overseas, or designing a new chapter with more freedom, peace, and intention.
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