Buying a property in Italy is a significant investment that comes with a range of tax obligations. Whether you’re acquiring a charming countryside villa or a sleek city apartment, understanding the ta...
Taxes – such a small word yet it can produce such intense emotions in many. Knowing that they can be a sore spot for many, Italy’s decision to entice more people to return – or enter – Italy by offeri...
Earlier this month, the IRS announced the 2024 tax filing season will open on January 29, I’ve already received emails from people asking about how to file their US tax return for this year. For Ameri...
If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Y...
If you are not able to file your return by the due date, you generally can get an automatic 6-month extension of time to file. To get this automatic extension, you must file Form 4868. Or, you can fil...
If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Y...
FOREIGN INCOME TAXES A limited amount of the foreign income tax you pay can be credited against your U.S. tax liability or deducted in figuring taxable income on your U.S. income tax return. It is usu...
“If you live abroad…you must submit a Form 8938 for foreign financial assets over a certain threshold” The Foreign Account Tax Compliance Act (FATCA) is an important development in U.S. efforts to com...
Property auctions are not such a common occurrence in Italy and are mostly the result of court or bankruptcy proceedings. As such, they can provide endless investment opportunities, especially in a mo...
Aside from the purchase price, what other costs need to be factored in, when evaluating the purchase of a property in Italy? There is no straightforward answer to this as it depends on many variables...
Here are my top tax tips for living or moving to Italy. Beware of the DIY approach. Always discuss your tax situation with an experienced and knowledgeable commercialista and financial planner Taxes ...
Introduction to the Foreign Housing Exclusion There may be a deduction you haven’t heard of that can save you thousands of dollars on your US expat taxes. There are quite a few critical tax breaks whi...
U.S. Income Tax Return Preparation and Advice for American Citizen Living in Italy Personal Income Tax Resident individuals are subject to a personal income tax, named IRPEF, on their worldwide income...
If you are a US expat, there are a few myths surrounding US expat taxes about which you should be aware. As a US Expat, you probably receive a lot of conflicting information. There are some common myt...
On December 4th2015, President Obama signed the Fixing America’s Surface Transportation (FAST) designed to provide funding for United States Federal transportation infrastructure improving roads, brid...
If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Y...
