Costa Rica Blog

All Americans Assumed to be Tax Evaders - living abroad or at home

Posted by Steve Linder on Tue, Apr, 09, 2013

All Americans Assumed to be Tax Evaders
Body:

Many of you readers may be unaware of a few provisions that were slipped into the HIRE Act signed by President Obama back in 2010. Two key elements seem more aimed at Americans living outside the US than at jobs creation but are having sweeping effect on all foreign investment options for Americans, whether living in the US or abroad.

Under the guise of improving employment opportunities, the FBAR (the Foreign Bank Account Reporting) Act and the FATCA (the Foreign Account Tax Compliance Act) have put tremendous international pressure on many foreign financial institutions, forcing them to become tax compliance offices of the US and IRS. Don't get me wrong, I am not a tax evader, nor a millionaire and most American citizens living abroad or simply with investments abroad are not tax evaders. The net result of these two new tools being used by the US government on every US citizen who owns any asset abroad should clearly be illegal and is a direct attack on our personal freedom as Americans. FBAR required the reporting of foreign bank account holdings, just as we all are required to report any income earned.

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Tags: Expats, FATCA, FBAR, Foreign bank account reporting, boomers abroad, Americans living overseas, Worldwide taxation

Why Westerners Retire in Asia - Compared to Costa Rica

Posted by Steve Linder on Tue, Jan, 29, 2013

As I scour the internet for retirement options for baby boomers, I like to share what I have found.  I'm sure many of you are aware that Kristina and I have traveled over much of the planet looking at living, investment, rental and retirement options for ourselves as well as our readers.  We like to provide cost/benefit analysis for north Americans, mostly baby boomers, looking to diversify their savings and investment as well as searching for  quality of life, life experience, lower cost of living in a healthy and safe environment.  Our travels have taken us to some pretty unpalatable places but along the way we have also visited some places that left wonderful memories and many where I would have loved to own a home.  Many places offer excellent adventure travel opportunities but would not be a place I would want to call home.   

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Tags: Living Abroad, retirees, adventure travel, Baby boomers, Asia, Thailand, Phillippines, Malaysia, Myanmar, Singapore, Nepal, Cambodia, Orient Express, foreign earned income exclusion, Costa Rica

Costa Rica Tourism in Overdrive in 2013

Posted by Steve Linder on Wed, Jan, 23, 2013

I wrote this on the 6th of January: 

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Tags: Costa Rica real estate, Americans in Costa Rica, Costa Rica property tours, Baby boomers, retire abroad, Costa Rica's tourism

NEW 2 BEDROOM 2 BATH HOME PACKAGES FOR NORTH AMERICAN EXPAT MARKET

Posted by Steve Linder on Sun, Dec, 02, 2012

Chontales, Puntarenas Costa Rica  - Pacific Lots of Costa Rica recently unveiled a new community development of 2 bedroom 2 bath model homes priced from $140,000 to $210,000 complete.  The project, one of 17 built in Costa Rica by the developer, includes a community pool and gazebo style club house. This project is located in the incredibly stunning southern Pacific region of Costa Rica, just a few miles from the ocean.  Homes feature granite counters, AC in both bedrooms, landscape and all site work.  See www.PacificLots.com/Land-Home-Deal      

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Tags: retirees, international living, Pacific Lots, Baby boomers, Chontales, AARP, expats living in Costa Rica, vacation in Costa Rica, second home Costa Rica, Escape Artist, Boomers, Costa Rica

Chontales Costa Rica Development Updates Pacific Lots

Posted by Steve Linder on Sun, Jul, 15, 2012

It’s good to write today with an update of activities in Chontales, our largest master planned community within our developments.  Our crew there is very busy!

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Tags: Real estate in Costa Rica, Pacific Lots, Chontales, Suenos Del Tropicos, Costa Rica real estate tours

Building a Custom Home in Costa Rica in Pacific Lots Development

Posted by Steve Linder on Fri, Jun, 22, 2012

Building a custom home might seem like a lot of work for many of you.  The time, effort and stress make many people want to just buy a house off the shelf.  However taking the time to build a custom home lets you get the house of your dreams.  The process does not take as long as you think and we make it easy. 

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Tags: Living Abroad, Americans in Costa Rica, international living, Pacific Lots, Pacific Lots of Costa Rica, covintec, expats in Costa Rica, Chontales, custom homes Costa Rica, Ventana del Pacifico, Buiding a custom home, Canadians in Costa Rica, Costa Rica

Infrastructure Update - Chontales Costa Rica Real Estate Development

Posted by Steve Linder on Mon, Jun, 04, 2012

Impressive!  Our latest effort has been the engineering, design, approval and construction of the water system for the Chontales development.  High in the mountain jungle behind Chontales is a large artesian mountain spring.  Over the past 5 months a posse of our workers hand carried over 100 tons of cement, rebar, miles of PVC piping and wood to make forms deep into the jungle.   These materials have been transformed into a collection system capable of delivering over 40 liters per second of clean artesian spring water. 

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Tags: Infrastructure, Costa Rica real estate, retirement property Costa Rica, Property in Costa Rica, Pacific Lots of Costa Rica, ICE, INVU, MINEA, SETENA, MOPT, Paragon Properties

Show season, Panama, Canada & Dominican Republic selling Costa Rica

Posted by Steve Linder on Tue, Apr, 10, 2012

 

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Tags: Panama, international living, Pacific Lots, Saskatoon, Saskatchewan, Dominican Republic, Costa Rica

Advice from an expert in retirement property in Costa Rica

Posted by Steve Linder on Tue, Feb, 28, 2012

I thought after writing this response to someone who has emailed me from our website that many of our readers and owners might enjoy reading this:

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Tags: Real Estate Fraud, Failed development Costa Rica, retirement property Costa Rica, Hacienda Matapalo, Paragon properties Costa Rica, Paradigma Costa Rica

Belly Dancers in the Jungles of Costa Rica Invade Ojochal

Posted by Steve Linder on Mon, Feb, 20, 2012

Twice in the past month belly dancers have performed in the village of Ojochal to an international audience of both expats and locals.  The venue is an amazing restaurant that one would not expect to find in this small village, a classy place called Citrus Restaurant.  Estelle Zaghloul is the lead dancer in the group and I believe was a national champion belly dancer in Lebanon. There were three dancers in all and their repoirtore included fan dances, traditional belly dances and some tribal dances. The show lasted nearly 2 hours with great rhythmic music, fire dancing and hard to imagine movements. The dancers captivated the audience with their hypnotic motions.  With every seat full, every door and window also had standing room only crowds crooning their necks to see the performance.  The audience for the show reside mostly in the developments by Pacific Lots of Costa Rica located along the Costa Ballena area in the southern Pacific region of Costa Rica. This area is one of the most pristine locations in Costa Rica and has been recently made more accessible with the completion of the Costanera highway extension connecting Quepos and Manuel Antionio to Dominical and points further south.

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Tags: Pacific Lots, Belly Dancing, Costa Ballena, expats in Costa Rica, Citrus Restaurant, Costa Rica