Ep. #26: Olivier Wagner on Expat Taxation - staying compliant while reducing what you owe
Olivier Wagner · February 5, 2024
Interview with Olivier Wagner
Podcast: Expat Phyles
February 5, 2024
To book your free 15 minute call with Tain, go here: This Episode: Olivier Wagner is came to the US to work on Wall Street. After the 2008, GFC, he had a better idea... So he became a tax specialist and began traveling. Originally from Strasbourg, France, he also has US and…
About Olivier Wagner
US Expat Taxation Expert and Founder of 1040 Abroad
10,000+ Expats helped worldwide14+ years U.S. expat tax experienceCPA + EA Licensed U.S. tax professionalBestselling U.S. expat tax author
Olivier Wagner is a renowned expert in US expat taxation and the founder of 1040 Abroad. With over 12 years of experience, Olivier has helped numerous US expats navigate the complex world of US taxes. As a best-selling author on the subject, he is dedicated to sharing his in-depth knowledge and expertise to help others understand their tax obligations and maximize their benefits.
At 1040 Abroad, a professional tax firm specializing in assisting US expats, Olivier and his team are committed to ensuring clients stay compliant with the IRS while living abroad. With their extensive experience, they provide personalized and tailored tax solutions that meet clients' individual needs and help them take advantage of all available deductions and exemptions.
What sets Olivier apart is his unique understanding of the challenges faced by digital nomads and expatriates. Having lived the lifestyle himself since 2012, he knows firsthand the priorities and complexities of working and living abroad. This perspective allows him to offer the best available options and advice based on each client's specific situation.
Olivier also specializes in the niche topic of renouncing US citizenship, helping individuals explore this option if they have been living overseas for an extended period and are eligible for citizenship in another country.
About this episode
To book your free 15 minute call with Tain, go here:
This Episode:
Olivier Wagneris came to the US to work on Wall Street. After the 2008, GFC, he had a better idea... So he became a tax specialist and began traveling.
Originally from Strasbourg, France, he also has US and Canadian passports. Today, he helps US expats with the monumental burdens of staying compliant with the IRS.
To this end, Olivier actually makes the rounds by traveling to big time expat hangouts like Mexico City during tax season - which is where I caught up with him for this podcast. (Most people don't know this but Mexico City has the highest number of US citizens outside the US - IYKYK.)
He shared his "Three Legs" system for helping you reduce what you pay - and even had a surprising take on renouncing US citizenship... who's doing it... and why? (HINT: It's not who you think.) Enjoy...
Resources:
- Olivier's book: https://1040abroad.com/book-us-taxes-for-worldly-americans/
- Website: https://1040abroad.com/
- Website to convert crypto data into something an accounting can use to calculate capital gains: https://koinly.io/
IRS forms mentioned in the podcast:
- Form 1116: Foreign Tax Credit
- Form 2555: Foreign Earned Income Exclusion
- Form 5471: For Foreign Corporation - Subpart F & GILTI income
- Form 8621: Passive Foreign Investment Company
- Form 8854: After renouncing US citizenship
I created The Expat Phyles to show you the world of options that exist outside your home country.
Today, it's more important than ever to move some of your wealth - and maybe even your family - offshore because your #1 risk right now is the political risk from your home government.
Go here to book a FREE 15-minute call and find out how easy it is to get started living the Expat Adventure.
"I work with you one-on-one to design and execute a plan to legally offshore and protect your investments, reduce your tax bill, diversify your wealth and make you a global citizen so you can enjoy greater freedom and opportunity." - Tain Nix
Guest: Olivier Wagner
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