www.CostaRicaTicas.com

Funny, I was reading this just tonight:

http://www.transitionsabroad.com/listin ... ving.shtml

Apparently, Costa Rica doesn't *tax* you on your US Earnings. They just want them deposited in *their* bank monthly.

I'm sure I'm going to be corrected here soon, but I hope the link above provides some detail.

if i'm correct, if you live outside US for 9months of the year
you get a approx 80,000 tax deduction

and since your income is not generated in costa rica from running a biz
or working there should be no tax liability in CR,

I think it would do you well to read this.

http://www.escapeartist.com/Offshore_We ... xpats.html

As I am a tax consultant who does extensive work for Ex pats as well as clients in several countries outside the US. The above is not quite true

PM me if you want some more detailed info.

El S

Reposted in VIP section

In order to use the $82k expat deduction;

You meet the bona fide residence test if you are a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year. You can use the bona fide residence test to qualify for the exclusions and the deduction only if you are either:

A U.S. citizen, or
A U.S. resident alien who is a citizen or national of a country with which the United States has an income tax treaty in effect.
You do not automatically acquire bona fide resident status merely by living in a foreign country or countries for 1 year.

http://www.irs.gov/businesses/small/int ... 60,00.html