With the Colombian tax season now upon us, expats filing forms DIAN 110 and DIAN 210 have one important question:  How does this affect my US taxes? The short answer, as with most tax questions, is it depends. Generally, US expats living in Colombia should expect their combined Colombian and US taxes to be an… Read More

The 2018 tax filing deadline for U.S. Expats living abroad is June 17, 2019.   This is a 2-month filing extension for taxpayers living abroad.  However, any taxes due should have been paid by April 15, 2019.  Any unpaid taxes are subject to penalties and interest.  There are no penalties applied to tax refunds. If… Read More

The federal U.S. reporting requirements, for Americans with ownership in a Colombian S.A.S., have nearly tripled since 2017.  Existing forms have been expanded upon and new forms have been added to IRS Form 5471 (Information Return of U.S. Persons With Respect to Certain Foreign Corporations); or CFC, for short. These changes have significantly increased both… Read More

Colombian Spouse | Married Filing Jointly U.S. Expats that have a Colombian spouse (U.S. nonresident alien), can choose to file a joint tax return.  This allows the Colombian spouse to be treated as a U.S. resident for tax purposes.  The majority of my clients have seen a sizable reduction in their taxes or a substantial… Read More

Educate yourself with this colorful and easy-to-read presentation prepared specifically for US Expats living and/or working in Colombia. A common question arises when moving to Colombia as an American Expatriate:  Am I required to file a US Income Tax Return? Here is a list of the 20 things you need to know about Expat Taxes.… Read More