Anyone here pay double taxes as an Argentinian resident and US Citizen?

[Fiscal]

And can anyone recommend a good tax accountant/attorney in BA for expats?

 

[oomotep]

Google the IRS Foreign Earned Income Exclusion.

 

[Jaredberryman]

Vincenzo Villamena

He specializes in expat taxes.

[email protected]

 

[on the brink]

Could you expand on the double-tax issue? How about US retirees living in Argentina?
Are they taxed in the USA and here? Thanks....

 

[MorganF]

Short answer: if you follow the letter of the law, then you have to pay income taxes in both countries, on income you make anywhere in the world! So it is double taxation kinda but... first see the above comment about the foreign earned income exclusion: in the US, If you do some paperwork to prove you’re a resident here, you don’t pay income tax in the US in the first 110k-ish in income you make from working abroad but you still pay social security and Medicare; and secondly if your taxes are higher in Arg than in the Us, there are ways to deduct them on the other so you don’t double pay but just pay the higher rate. That said.... many people use creative accounting.

 

[Jaredberryman]

There are two ways to claim the foreign earned income exclusion:

a) If you are outside the country/USA for an extended period of time (can't remember how many days, think it's like 11 months out of the year)
b) You actually have residence in the foreign country. In this case, you would have to prove it if you got audited. I suppose an Argentine residency card would do the trick.

I think there is also another way, but those are the two ways to claim the exclusion.

 

[Fiscal]

Short answer: if you follow the letter of the law, then you have to pay income taxes in both countries, on income you make anywhere in the world! So it is double taxation kinda but... first see the above comment about the foreign earned income exclusion: in the US, If you do some paperwork to prove you’re a resident here, you don’t pay income tax in the US in the first 110k-ish in income you make from working abroad but you still pay social security and Medicare; and secondly if your taxes are higher in Arg than in the Us, there are ways to deduct them on the other so you don’t double pay but just pay the higher rate. That said.... many people use creative accounting.

What about state income tax? Do you still pay that?