8 Dec 2012 | Uncategorized
If the current “fiscal cliff” tax laws go into effect as scheduled, the maximum US tax rate on qualified dividends will go from 15% to 43.4%. What this means for owners of a Dutch BV is that you may have to “top off” your taxes on dividends...
24 Nov 2011 | Uncategorized
If you haven’t yet submitted your 2010 (or earlier) Foreign Bank Account Report (FBAR), make sure you use the latest version of Form TD F 90-22.1. The form should mention “Rev. November 2011” in the upper-left-hand corner. The latest form can be...
8 Apr 2011 | Uncategorized
If you haven’t yet submitted your 2010 Foreign Bank Account Report (FBAR), make sure you use the latest version of Form TD F 90-22.1. The form should mention “Rev. March 2011” in the upper-left-hand corner. If you enjoy reading very technical...
22 Feb 2011 | Uncategorized
For taxable year 2011, the maximum foreign earned income exclusion amount under §911(b)(2)(D)(i) is $92,900, figured on a daily basis, times the number of days during the year that you meet the bona fide residence test or the physical presence test. The foreign...
15 Feb 2011 | Uncategorized
The IRS is offering people with undisclosed income from offshore accounts an opportunity to participate in a new, voluntary disclosure initiative in order to get current on their tax returns. The 2011 Offshore Voluntary Disclosure Initiative (OVDI) will be available...
