This is the sixth of a series of posts on the major developments introduced by Law No. 205 (enacting the Italian Budget Law for 2018),
Individual taxation – Step-up of tax value of non-substantial participations in unlisted Italian companies
Tag Archive for Individuals
26
Jan 2018
Tax Alert (Italy) – Budget Law For 2018 Introduces Major Developments To Domestic Tax System
24
Jan 2018
Tax Alert (Italy) – Budget Law For 2018 Introduces Major Developments To Domestic Tax System
This is the fifth of a series of posts on the major developments introduced by Law No. 205 (enacting the Italian Budget Law for 2018),
Individual taxation – Regime applicable to dividends and capital gains derived from individuals outside a business capacity
The current tax regime applicable to dividends and capital gains, realized by individuals acting as non-entrepreneurs, depends foremost from the type of qualification that the holding assumes in the hand of the individual. Read more
23
Jan 2018
Tax Alert (Italy) – Budget Law For 2018 Introduces Major Developments To Domestic Tax System
This is the fourth of a series of posts on the major developments introduced by Law No. 205 (enacting the Italian Budget Law for 2018),
Individual taxation – Modification of black-list criteria for CFC purposes: taxation of profits accrued and distributed in different fiscal periods and under different rules Read more
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| Tags: black-lists, budget law, CFC, dividends, Individuals, Italy, Italy tax, residents, white-lists
02
Jan 2018
Take Advantage Of Higher Tax Rates—Before It’s Too Late
On December 2, 2017, the Senate passed the Tax Cuts and Jobs Act, a sweeping tax reform bill that seeks to reduce tax rates for corporations and individuals following a strategy outlined in our previous Alert. A similar tax bill was passed by the House of Representatives on November 16, 2017. The White House and Congressional leadership plan to have a unified tax reform bill ready for the president to sign into law before the Christmas holiday. Read more
18
Mar 2015
Latest Form 8938 Update: Statement of Specified Foreign Financial Assets
This time of the Tax Season is always interesting, most of my clients who have easy returns and get refunds have already filed their taxes, so now is the time when I become the deliverer of bad news.
So staying in the spirit of the tax season, I deliver the latest changes to the Form 8938 with a huge spoonful of sugar! If you need to know if the Form 8938 thresholds apply to you, read my blog-post here.
The latest release from the Internal Revenue Service on the 10th of March, 2015 incorporated into the Form 8938 instructions for reporting requirements made under the Final Regulations for § 6038D of the Internal Revenue Code. It also contains additional Read more
10
Feb 2015
So What’s The New Buzz On Foreign Bank Accounts?
When looking for a picture for this post, I came across this one and remembered my college English Professor. She really loved the term, “Freudian Slip” for some reason! All I knew then was that Sigmund Freud was the father of psychoanalysis but I never quite understood how that related to a Business English class, unless that was the Professor’s way of telling us we were driving her nuts! Now I know that the term, “Freudian Slip” is a “mistake in speech that shows what the speaker is truly thinking” or “to do what one is truly thinking about”.
No, this post is not about defining psychoanalytic terms, dare I say more interesting than tax stuff? Not quite, but this post is about the latest buzz from the Internal Revenue Service, about some situations US taxpayers having foreign accounts might be in and their Read more
10
Nov 2014
You Have Foreign Bank Accounts? Questions Your Tax Preparer Should Be Asking!
My expression was a jaw dropping experience when a client of ours revealed their foreign bank account balances a month after we had filed their tax returns. A long lecture about foreign account balances, and an Amended Tax Return followed with required attachments. We quickly realized the need for the right questions in the December Tax Organizer. This was a few years ago and there have been many updates to those questions now.
Unfortunately there are many taxpayers out there who are still unaware of their filing/ reporting requirements. More details on the requirements in my post here. And many a time this is because they have not been educated of their requirements by their tax preparers. Read more
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