Updates | CLVN

Coordination of Dutch Box 3 Tax and US Tax on Passive Income – An Overview

8 Jan 2021 | Dutch Tax, Foreign Tax Credits, Investing, Net Investment Income Tax (NIIT), Real Estate, US Tax

The most common complaint I hear about the Dutch tax system is the way that they tax income from savings and investments (e.g. interest, dividends and capital gains). This taxation occurs in “Box 3” of a Dutch tax return (“Box 1” covers wages,...

Owe taxes? No passport!

9 Jul 2018 | US Tax

I have had many questions in the past about whether or not owing taxes will result in you being denied entry to the US. My answer has always been that as a US citizen you have a right to enter the US, and only if you had already been found criminally liable and there...

Haven’t filed your Foreign Bank Account Reports (FBAR)? KPMG lays out the reasons why now is a good time.

27 Jun 2018 | FBAR, Foreign Bank Account Report

Foreign Bank Account Reports (FBAR’s) are currently policed by the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). If you haven’t filed your Foreign Bank Account Reports yet, it probably makes sense to submit these sooner...

Reminder: Q2 2018 Estimated Tax Payments Due June 15, 2018

24 May 2018 | Due Dates, Penalties, Interest

Just a short reminder that the final 2018 Estimated Tax Payment is due June 15, 2018. To avoid (further) penalties for underpayment of estimated tax, in general, by January 15, 2019 you should have paid (in combination with 2018 US taxes withheld and all other 2018...

2013 Year End Tax Planning and the 3.8% Medicare Surcharge (for Expats)

13 Dec 2013 | Net Investment Income Tax (NIIT), US Tax

I think this quote from the August 2013 issue of the Journal of Accountancy sums it up pretty well: “The new surtax on net investment income will come as a surprise to many individuals… Even more surprising for individuals will be that most tax credits (e.g. the...