Democrats Abroad Milan - TAX TALK

TAX TALK……Part of Democrats Abroad's Resistance Summer Campaign!

RSVP: democratsabroad.events.mil[email protected] to save your seat and receive the address.

In today’s interconnected world where all data is shared, it’s so important to understand the complex system of dual reporting to both the American and Italian authorities. Join us for an eye-opening presentation by two English-speaking TAX EXPERTS about issues and situations that most Italian commercialisti know very little about. This event is a must for all dual citizens and

Italian fiscal residents!

Do you know…

• that the U.S. government has agreements with foreign financial institutions to disclose U.S. persons (FATCA) and there are new international disclosure treaties?

• that the new Streamlined Procedure offers the opportunity to report your earnings if you never have before to the U.S. government and return hopefully painlessly to the fold?

• what your responsibilities to the Italian government are? Aside from tax on Italian income you must also declare your American and foreign assets and income!

We highly recommend that all US citizens educate themselves about the choices to be made before unpleasant surprises pop up.

Andrew Fields, MBA, RTRP, Tax Manager of Price Waterhouse Cooper/TLS Milano, is specialized in U.S. Individual Tax Compliance issues. He has been with Pwc for the past 20 years.http://www.linkedin.com/in/andrew-fields-2457312b/?ppe=1

• What American citizens need to know about filing with the IRS

• American citizens with fiscal residency in Italy are obliged to file U.S. tax returns

• How to go about the Streamlined Filing Compliance Procedures – designed for "low compliance risk" taxpayers filing the last 3 years that have not previously filed

• Foreign-earned income exclusion, and Foreign Tax Credit

• Social Security Totalization

• What is FATCA?

• Social Security or INPS - it could be your choice!

Colin Jamieson is a specialist in Italian , UK and international tax. He is dual qualified UK/Italian lawyer with over 25 years experience in helping investors in Italy manage their tax affairs. He is owner of Taxing.it - a resource center for Italian tax issues in the English language.http://taxing.it/who-we-are/

• Italian tax compliance & reporting of foreign assets

• Who has to make disclosure? What needs to be disclosed?
• The concept of "availability" of foreign assets
• The beneficial owner: practical examples
• Identification of assets and financial products. Exempt assets
• IVIE & IVAFE: the "wealth taxes"
• Real estate: rules for determining the taxable base
• Foreign financial products
• Credit for Foreign Tax
• Inheritance
• Voluntary disclosure & penalties
• International Treaty Considerations

COST: 10 EURO APERITIVO (second drink is discounted)

RSVP: democratsabroad.events.mil[email protected] to save your seat and receive the address.

WHEN

Monday, June 26, 2017 at 06:30 PM Rome Time

WHERE

Milan
Italy
Google map and directions

CONTACT

Nancy Fina
[email protected]
34 7425 5646

1 RSVPs