Tag Archives: Taxes

Normal middle class living overseas are turning in their Citizenship to the US

So there is a way out for my children. I wonder if we need to do it in those two years or wait until older. The thing that annoys me the most is that the US wants our information about our income abroad yet the US does not give it’s citizens living abroad any of the benefits of being a US citizen.  Where is my national healthcare? I am a US citizen and when I visit home to see family I have no insurance because I have a pre existing condition.  Really of course more and more normal middle class living overseas, for reasons such as their husband is here, are turning in their Citizenship to the US, that is because we get nothing from the US for being a citizen.  This is surely not the way to get those that are embezzling money overseas, but it is a way for those citizens living abroad to be more and more not happy with their home country and wondering why we hold onto our citizenship. Maybe instead of shoving us further and further away you should figure away to really include us as citizens that love our home country and should continue staying with our home country. You are keeping immigrants that cross over the boarders but yet you are driving your own nationally born citizens that have even lived there for years away because of a small percentage of people embezzling money overseas.  I am talking about the amounts of people not the amounts of money.  There has to be another way.

Americans Abroad Top Annual Record for Turning in Passports

The number of Americans renouncing U.S. citizenship increased 37 percent in the three months through December and the annual total reached a record level, data published Tuesday showed.

The trend likely is accelerating because of a 2010 law that gives the Internal Revenue Service unprecedented access to U.S. citizens’ foreign bank accounts, said Stephen Flott, an attorney at Flott & Co. P.C. in Arlington, Virginia, whose clients include expatriates. The U.S. is the only country within the Organization for Economic Cooperation and Development that taxes citizens wherever they reside.

“If they have no real desire to work or live here, then the question for them is: What’s the point?” Flott said. “For those who feel no real affinity to the U.S., it’s a no- brainer.” read more……

Kimberly Vanzi

February 20, 2014

There used to be the options for US citizens married and living overseas to file single seems that option is no longer valid the IRS wants your married status with the hopes you add your non resident alien spouse.  They give many explanations to this through out the newly updated Tax instructions .  So check with your accountant again if you were filing single to see if you can still do this.

If you are married to a non-American and you both live overseas, you may have wondered how this impacts on your U.S. tax filing situation, if at all. As with most concerns involving taxes, the more complicated they can make it, the better Congress likes it! This article will try to present your various tax obligations (and options) with regard to a non-American spouse as simply and precisely as possible. via Non-American Spouse: US Tax Implications :: American Citizens Abroad ACA.

Kimberly Vanzi

June 27, 2013

Check it out you can now use the online form to find out what your tax filing status is in the US.  Just answer the questions and move on.  This even works for us living abroad and have non resident alien husbands.

What is My Filing Status?

Your filing status is used to determine your filing requirements, standard deduction, eligibility for certain credits, and your correct tax. If more than one filing status applies to you, this interview will choose the one that will result in the lowest amount of tax.

via What is My Filing Status?.

Kimberly Vanzi

June 10, 2013

TrashTIA Tariffa Igiene Ambientale – Tax on Waste

For those that do not know but your trash is taxed and you can find out all the information along with a tariffa online calculation system here on their website.

via Tax on Waste – Firenze, Calenzano, Campi Bisenzio, Fiesole, Figline valdarno, Greve in Chianti, Incisa Valdarno, Pelago, Pontassieve, Reggello, Rignano sull’Arno, Rufina, San Casciano in Val di Pesa, Scandicci, Sesto Fiorentino, Signa Area Fiorentina.

Kimberly Vanzi

May 17, 2013

By: Horace Reichart

This is the last US tax filing season for American expats to become current with the IRS before new laws come into play that will reveal your identity, location and foreign accounts to the US government. Now is the last best chance for Americans living abroad to become current with your US tax filing. To read more continue…..

via Year 2013 | Last Best Chance To File Your US Expat Taxes: | eHow Tos.

Kimberly Vanzi

March 25, 2013

Expat Exchange – FBAR and Jail. What do they have in common? – FBAR, Exapt Tax, FACTA

FBAR and Jail. What do they have in common? By ZM Ishmurzina

Summary: The history of the FBAR goes back to the Bank Secrecy Act of 1970 and Title 31 of the US Tax Code. However, only recently the IRS has started to enforce the rules and even prosecute individuals.

via Expat Exchange – FBAR and Jail. What do they have in common? – FBAR, Exapt Tax, FACTA.

Kimberly Vanzi

March 21, 2013

Need Italian Tax Forms?  Below is off the website but they forms are in Italian not English

In this section you will find the tax return forms, communication and/or application forms, F23 and F24 for proxy payments.

The forms are grouped according both to type (filling in of tax returns, registration of leases, applications, etc.).

In this section you will also find the list of forms in use at the Inland Revenue offices for all the other tasks (notification record – news, returning the stamp card, etc.).

For an easy use, you’ll find an alphabetical list of the forms.

via Agenzia delle Entrate – Forms.

Kimberly Vanzi

March 12, 2013

Italy Guide: Income Tax Returns, Filing and payment: The tax year in Italy is the same as the calendar year.

You are going to want to read more this is very informative.

Income Tax Returns

Filing and payment

Income Tax Returns

The tax year in Italy is the same as the calendar year. If you’re a resident, you must file an income tax return ( dichiarazione dei redditi) unless any of the following applies:

via Italy Guide: Income Tax Returns, Filing and payment: The tax year in Italy is the same as the calendar year..

Kimberly Vanzi

March 12, 2013

IRS Announces Efforts to Help U. S. Citizens Overseas Including Dual Citizens and Those with Foreign Retirement Plans

The Internal Revenue Service today announced a plan to help U.S. citizens residing overseas, including dual citizens, catch up with tax filing obligations and provide assistance for people with foreign retirement plan issues.
“Today we are announcing a series of common-sense steps to help U.S. citizens abroad get current with their tax obligations and resolve pension issues,” said IRS Commissioner Doug Shulman.

Read more of the article here:

IRS Announces Efforts to Help U. S. Citizens Overseas Including Dual Citizens and Those with Foreign Retirement Plans.