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...
22 Feb 2011 | Foreign Earned Income Exclusion
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...
14 Sep 2010 | Dutch Inheritance Tax
One of my most shocking discoveries in working with US clients in the Netherlands is how few of them realize that they are potentially subject to Dutch Inheritance Tax (Successiebelasting). Many US citizens living in the Netherlands (actually their heirs) would in...
2 May 2008 | Uncategorized
Anyone who has asked me knows I am no fan of investing in real estate in (Western) Europe at the moment. One of the biggest risks I see (aside from the fact that real estate prices have not “corrected” yet in many cities) is a little-known IRS law...
