Let’s Talk Tax

TMBA312: Let’s Talk Tax
Date: 2015-11-26
Link: Tropical MBA
 
Tropical MBA“Never. Less. Later” philosophy on taxes.
Never means you earn income now and you never have to pay taxes on it. Example is the Foreign Earned Income Exclusion (Form 2555).
Later is when you don’t have to pay taxes on income earned abroad until you bring the income back to the United States.
Get good at bookkeeping. That doesn’t mean that you have to get good but you have to delegate it to a machine or delegate it to a human.
Tell the truth. Don’t bullshit on your tax returns.