by Ryan Larson | Jan 25, 2019
What do Americans in Switzerland need to know about US tax compliance? As an American expat, you may have heard about US tax compliance laws like FATCA but you may not know what impact these tax laws have on you as an American abroad and what compliance with them is...
by Ryan Larson | Jan 25, 2019
What You Need To Know About Paying US Taxes While Living In Switzerland Living in Switzerland is a fantastic experience but if you’re one of the 40,000 Americans living in Switzerland, there are some important things you need to know about paying the US taxes...
by Ryan Larson | Nov 30, 2018
The potential implications of an inaccurate or late-filed FBAR are much worse than for an income tax return. The IRS reserves the right to impose a penalty of $10,000 for simply filing the FBAR late. We often find that clients forget to list 3rd pillar accounts and...
by Ryan Larson | Nov 30, 2018
We commonly discover that our clients own non-U.S. investment funds – such as Swiss “Fonds” and other foreign-issued funds (ETF, SICAV and the like) – in their custodial, 3rd Pillar, or pension holding (Freizügigkeitskonto) account. For U.S tax purposes such funds are...
by Ryan Larson | Nov 30, 2018
Additional contributions to your Swiss 2nd and 3rd Pillar pension accounts may lower your current Swiss tax burden and increase your retirement savings, however, you cannot deduct these contributions from your U.S. taxable income. Being subject to U.S. taxes in...
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