Why Your Offshore Dream Home Might Be Illegal

Why Your Offshore Dream Home Might Be Illegal

Expats and foreign investors are among the easiest marks for fraud – one of the dangers of international investing that promoters don’t like to talk about. Fraudulent real estate deals are rife. And while real estate fraud exists everywhere, it’s especially pervasive in Spain...

 
Puerto Rico: Yes, It Really Is Too Good to Be True!

Puerto Rico: Yes, It Really Is Too Good to Be True!

My recent essay debunking a Puerto Rican tax incentive sparked a heated reaction from one of its most ardent backers. You can read it here. Among other Puerto Rico-related products, this advisory service sells a $695 video course extolling the tax advantages of what it calls the “Island of Enchantment.

 
Will the IRS Keep Its Latest Promise?

Will the IRS Keep Its Latest Promise?

Indulge yourself for a moment and imagine you're back in 1986. You’re listening to “Addicted to Love” by Robert Palmer on the radio and on your way to the movie theater to watch Aliens, starring Sigourney Weaver. In Washington, DC, the “War on Drugs” is alive and well, and President Ronald Reagan is championing a new anti-money laundering bill he says will help win it.

 
Why the US Postal Service Turned Spy

Why the US Postal Service Turned Spy

FATCA and similar laws have eviscerated financial privacy in the US. And last year, thanks to whistleblower Edward Snowden, the world learned the extent of the surveillance conducted by America’s largest spy agency, the NSA.

 
Why the Feds Won’t Confiscate Your Retirement Plan… But They Will Do This

Why the Feds Won’t Confiscate Your Retirement Plan… But They Will Do This

Over the last few weeks, I’ve had close to 30 consultations with Nestmann Group clients. And one of their top concerns is that Barack Obama or some future US president will find a way to confiscate the money in their IRAs or 401(k) plans.

 
Puerto Rico: Don’t Believe the Hype

Puerto Rico: Don’t Believe the Hype

Unlike many other advisory services, we take a historical perspective when it comes to supposedly fresh and new ideas. And it’s for that reason that I’ve been skeptical of the tax incentives for individuals that Puerto Rico enacted in 2012 to entice hedge fund managers and other wealthy immigrants into relocating from the mainland US.

 
The Top Six Reasons Why You Shouldn’t Fear Going Offshore

The Top Six Reasons Why You Shouldn’t Fear Going Offshore

In my nearly 30 years of helping Americans “internationalize” themselves, there are four giant obstacles I have watched my clients overcome before finally taking action: Inertia, fear, complacence, and hopelessness.

 
Why I Recommended US Citizenship… Just This Once

Why I Recommended US Citizenship… Just This Once

In the Nestmann family, weddings can be marathon affairs. The latest Nestmann family wedding occurred two weeks ago in Ontario and celebrated the union of my niece with her longtime boyfriend.

 
Would You Like Fries With Those Taxes?

Would You Like Fries With Those Taxes?

Fast food… greasy cheeseburgers, salty fries, and Diet Cokes in Styrofoam cups so large you could wash your feet in them. What could be more American? Well, maybe not so much anymore.

 
What Does a Porn Star Have to Do With Your Bank Account?

What Does a Porn Star Have to Do With Your Bank Account?

Recently, The Economist reported that Chase Bank closed the accounts of hundreds of porn stars. Among them was blond bombshell Teagan Presley, star of Just Over 18 #10 and more than 70 other porn videos.

 
Sometimes You Can Win Against Uncle Sam

Sometimes You Can Win Against Uncle Sam

It should come as no surprise that the US routinely uses force to get its way in foreign disputes. After all, we have the world’s most powerful military.

 
Are You Making This Financial “Mistake”?

Are You Making This Financial “Mistake”?

What’s the most hazardous financial activity that you can engage in? It’s not investing in penny stocks. It’s not buying foreign currencies. It’s not even playing futures and options, as risky as they may be.

 
Why I Chose Panama (Over Costa Rica, Mexico, or Canada)

Why I Chose Panama (Over Costa Rica, Mexico, or Canada)

In my consulting practice, I’m often asked about my own “Plan B” – what I plan to do when the s**t hits the fan (SHTF) in the good ol’ US of A. And of course, why I chose that plan.

 
Why Singapore’s Future Still Looks Bright

Why Singapore’s Future Still Looks Bright

In the last 50 years, an amazing transformation has taken place. The result? A country rife with contradictions… and opportunity.

 
Hong Kong: Get in Before the “Gateway to China” Closes

Hong Kong: Get in Before the “Gateway to China” Closes

I recently spent a week in Hong Kong, the Special Administrative Region of the People’s Republic of China, just off the Mainland’s southeastern coast.

 
Why Switzerland Is Still a Haven for Your Money

Why Switzerland Is Still a Haven for Your Money

As the world’s premier private banking center, Switzerland holds an estimated one-fourth of the world’s private wealth. And much of the money is there because of Switzerland’s famous secrecy laws.

 
The Austrian Offshore Advantage

The Austrian Offshore Advantage

This week, I’m writing to you from the departure lounge of the Vienna International Airport. I lived in Austria from 2003-2005. I returned not only to renew old friendships, but to see firsthand the latest developments in this small country, which only a century ago dominated much of Europe.

 
Panama: Problems Ahead

Panama: Problems Ahead

I’m in Panama City, Panama, conducting some boots-on-the-ground research and due diligence on this remarkable country’s legal and financial infrastructure.

 
FATCA: America Hasn’t Ended Yet

FATCA: America Hasn’t Ended Yet

Two weeks ago – July 1, to be exact – an obscure law called the “Foreign Account Tax Compliance Act,” or FATCA, came into effect.

 
Why Congress Wants to Revoke Your Passport

Why Congress Wants to Revoke Your Passport

For the third time in as many years, legislation has been introduced in Congress that would revoke the passports of US citizens with  “seriously delinquent tax debts.”

 
A Ceasefire in the IRS’ War on US Citizens

A Ceasefire in the IRS’ War on US Citizens

Around 10 years ago, the US declared war on a select group of Americans – the nearly 8 million US persons (citizens and green card holders) living abroad.

 
Another Passport Scam Bites the Dust

Another Passport Scam Bites the Dust

Last July, I spent four days in Las Vegas at FreedomFest. This annual event is huge, with as many as seven presentations occurring at the same time.

 
Why You Shouldn’t Gamble With Uncle Sam

Why You Shouldn’t Gamble With Uncle Sam

If you think June 30, 2014, is just another lazy, hazy summer day, think again. If you’re a US citizen or permanent resident, this may be a date to remember.

 
Another Casualty in the War Against Offshore

Another Casualty in the War Against Offshore

Carl Zwerner, an 87-year-old resident of Florida, is the latest poster child for the IRS vendetta against offshore investments.

 
Here’s One Fight Uncle Sam Can’t Win

Here’s One Fight Uncle Sam Can’t Win

Just the other week, I witnessed economic imperialism at work. It came courtesy of a secretive US Treasury bureau called the Financial Crimes Enforcement Network (FinCEN).

 
Put the World’s Top Asset Protection Jurisdiction on Your Radar

Put the World’s Top Asset Protection Jurisdiction on Your Radar

One of the best parts of my job is doing boots-on-the-ground research, coming up with exciting new ways to help my clients protect their wealth...

 
Why the IRS Can Now “Ground” You

Why the IRS Can Now “Ground” You

If you’re a US citizen and believe you have an unfettered right to leave your country – and come back – think again.

 
Will the IRS Reschedule the Death of the Dollar?

Will the IRS Reschedule the Death of the Dollar?

Ever since President Obama signed the ill-conceived “Foreign Account Tax Compliance Act” (FATCA) into law in 2010, I’ve been warning about the death of the dollar.

 
We Finally Won One Against the Police State!

We Finally Won One Against the Police State!

The “War on Drugs” is a great example of America’s slow descent into a police state. Only 120 years ago, you could actually buy cocaine – and syringes – out of a Sears catalog.

 
Is Puerto Rico Really the Perfect Tax Haven?

Is Puerto Rico Really the Perfect Tax Haven?

One of the advantages of being around as many years as I have is a long memory. And, during my entire 30-year career, Congress has been trying to figure out the best way to help the struggling economies of the US territories: Guam, Puerto Rico, the US Virgin Islands, and the Northern Mariana Islands.