Info about Social Security and Taxes for Americans Living in Italy

(LAST EDITED/UPDATED: 10 June 2007)

Here are the links about Social Security and Taxes for Americans Living and Residing in Italy:

SOCIAL SECURITY

• US-Italian Social Security Agreement – International Programs – Source: Social Security Online
• Totalization Agreement with Italy
• Your Payments While You Are Outside The United States – Source: Social Security Online

TAXES

• ITALIAN
• Taxes - Introduction – Source: Expats in Italy
• Italy Income Taxes and Tax Laws –
• Italian Tax Matters (Italian website) – Ministry of Economy and Finance – In Italian Only
• Tax Guide for Foreigners – The Agenzia delle Entrate, the government tax office, part of the Ministry of Economy and Finance, has published a booklet for foreigners resident in Italy, explaining many of the most common tax payments. – In multiple languages
• TAXABILITY OF U.S./ITALIAN SOCIAL SECURITY for residents in Italy – Source: IRS.gov


• US
• Claiming Tax Treaty Benefits – Source: IRS.gov
• Contact My Local Office Internationally – International Services – Source: IRS.gov
• Introduction to Expatriate Taxes – Source: FILETAX
  
• Proposed Tax Treaty with Italy – Source: IRS.gov
  
• Tax Treaty with Italy - Technical Explanation – Source: IRS.gov
• Foreign Earned Income and Housing: Exclusion – Deduction – Source: IRS.gov
• TAXABILITY OF U.S./ITALIAN SOCIAL SECURITY for residents in Italy – Source: IRS.gov

BLOG

• U.S.(American) Income Tax for Expatriates, Permanent Residents and Nonresidents – "U.S. Income Tax Information, rules, regulations and laws, for US Citizens, Americans, green card holders, and nonresidents living abroad or moving to the US or out of the US.... including comments, suggestions and practical advice. Valuable information on IRS rules concerning U.S. expatriates and their tax returns, and planning." – Don D. Nelson – Location: Dana Point, California, United States

RESOURCES

• 2006 US INCOME TAX RETURN PREPARATION FOR U.S. CITIZENS and RESIDENTS LIVING ABROAD (U.S. EXPATRIATES-EXPATS) AND U.S. NONRESIDENTS – "We also prepare all earlier tax years for the IRS and all states" – Source: "TaxMeLess.com is your best resource for reliable information on the web for understandable information on U.S. Expatriate Tax laws and return filing requirements. Stop worrying about your US taxes while abroad."
  
• Best Tax Software for Expatriates – Source: About.com
• Country Information - Italy – Cross-Border Resource Library – Source: FPA (The Financial Planning Association)
• Expatriate & Related Links – Source: Expat Financial
  
• Expatriate Resources & Links – Source: Tales from a Small Planet
  
• Expat Talk – the forum for the website, Expats in Italy – ask an American Expat or anyone, a question about Social Security or Taxes in Italy in the Forum titled, "Bureaucratic Situations" under the folder titled, "Moving to/Living in Italy".
• Federal Benefits Unit – is located in the U.S. Consulate General in Rome and in the U.S. Consulate General in Naples.
• The Federal Benefits Unit administers federal benefits programs from the following federal agencies:
  
• Social Security Administration
• Department of Veteran Affairs
• Office of Personnel Management
• Department of Labor
• Railroad Retirement Board
• The New Tax Law and Its Impact On Overseas Americans – Source: Overseas Digest – For Americans Working Abroad
• Resource Guide: Taxes & Legal – List – Source: ExpatExchange.com

MISCELLANEOUS

• ARTICLES
• Do Your Clients Want to Retire Abroad? – "They'll need a lot more than a passport. Here's how you can help." – "By Elizabeth O'Brien, May 1, 2007" – Source: FINANCIAL PLANNING
  
• Earn Up To $80,000 Abroad Tax Free - Keep The Rest in an IBC – "By Rolf Müller" – Source: EscapeArtist.com – "Restart Your Life Overseas"
• Expat Tax - U.S. Taxation of American's Living Abroad – "By Don D. Nelson, Attorney at Law, CPA" – Source: EscapeArtist.com – "Restart Your Life Overseas"
• Uncle Sam takes a bite out of expatriate incomes – "By Sharon Reier, International Herald Tribune, Published: May 26, 2006" – Source: International Herald Tribune
  
• SEE ALSO:
• Info about Taxes in Italy *, dated Tuesday, January 16, 2007
• Info about Social Security (Istituto Nazionale della Previdenza Sociale) in Italy *, dated Friday, December 08, 2006

* = Blog entry has been updated.

The above links are current. If anyone has any suggestions for other sites, please feel free to post your comment and I'll update this blog entry. For your specific interest, please search the web for further information using .


Even if you are an American living overseas and in this case, Italy, you still have to pay taxes! Depending on your specific financial situation, you will pay federal income tax to either the US or Italian government. Depending on your former state of residence in theUS, you may have to pay State or Commonwealth (Kentucky, Massachusetts, Pennsylvania and Virginia) taxes. However, there are local Italian taxes to be paid if you are residing in Italy.

It is suggested to hire an accountant/financial planner and/or someone who is very familiar with preparing tax forms for Italy and the US. Ignorance of the law is no excuse.

That's it for Wednesday, 28 December 2005: mercoledì, 28 Dicembre 2005

Felice Nuovo Anno!

Ciao, Ben

Today’s quote is an Italian proverb, author unknown.

"Che sarà, sarà."
"What will be, will be."

(LAST EDITED/UPDATED: 10 June 2007)