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New Rules for Italians in the USA
Automatic tax information exchange between USA and Italy and the Foreign Account Tax
Compliance Act (FATCA)
How do they affect Italians in the USA
The Italian Government has recently agreed with the US to automatically exchange tax and income information with the US under FATCA, the Foreign Account Tax Compliance Act. As a US taxpayer, your information about assets held in Italy and income earned from Italian banks will be automatically provided to the IRS in the near future and compared with your IRS filings.
While the intent behind FATCA is to keep US taxpayers from hiding income and assets overseas, it has huge implications on Italian Citizens residing in the US.
The panel will help you navigate the new tax and reporting environment in an informed and intelligent way.
Giuseppe Brusa, GC Consultants, CPA
Sarre Baldassarri, GC Consultants, CPA
Pamela J. Drucker, Esq., Associate, LOEB & LOEB LLP, International Tax Attorney
Moderator: Duccio Mortillaro, Esq., Of Counsel,
SNR Denton US LLP