For $1\le |x|$ the series does not converge. It is valid only as formal series.
That's because the function $1/(1+x)^n$ has a pole (vertical asymptote) at $x=-1$ and no polynomial in $x$ can represent it on the whole range.
When $1 \le |x|$, you can rewrite it as:
$$
\left( {1 + x} \right)^{\, - n} = \left( {1 + \left\lfloor x \right\rfloor + \left\{ x \right\}} \right)^{\, - n} = \left( {1 + \left\lfloor x \right\rfloor } \right)^{\, - n} \left( {1 + {{\left\{ x \right\}} \over {1 + \left\lfloor x \right\rfloor }}} \right)^{\, - n} \quad \left| {\; - 1 \ne \left\lfloor x \right\rfloor } \right.
$$
where $\left\lfloor x \right\rfloor $ is the floor function and $ \left\{ x \right\}$ is the fractional part
or as:
$$
\left( {1 + x} \right)^{\, - n} = x^{\, - n} \left( {1 + {1 \over x}} \right)^{\, - n} \quad \left| {\; - 1,0 \ne x} \right.
$$
That is, you are replacing the Taylor series at $x=0$ with a series around ,e.g., $1+\left\lfloor x \right\rfloor $ or with the Laurent series for $1 < |x|< \infty$ (Taylor series for $f(1/x)$ at $1/x \to 0$).