I have made templates for infrequent activities and or followed the last example to complete the subsequent example. Your idea was a good one and similar to my method. Good approach.What taxes are you referring to? Bienes Personales or Ganancias? I pay Bienes Personales and I use to hire an accountant that charged me big dollars for a simple form. After 15 years of that, I decided to try to do them myself. Success! I spent long hours doing them and created a special checklist showing me all the steps I needed to take to get the taxes done, so I could repeat the process the following year. Well, the following year came and all the links and site references I had documented, no longer existed. So, I had to hire an accountant again! You can't win.
By all means, get an accountant - it is money well spent. Even if you could do it yourself once, regulations change every few months, and it's a full time occupation to keep track of all the changes.Do you hire an accountant? Do it yourself? What is the deadline for each year?
Can anyone give me a general idea of what the accountant will do, will they also help you understand US tax laws like foreign earned income, or will they just help you file in Argentina? Any recommendations are welcome too, please feel free to DM.
Even after reading older posts here for hours I'm still super confused. I have no income in the US other than a little capital gains. I just want to have a regular job here in Argentina, like teaching english - pay Argentine tax on that, and get a few hundred per month from my capital gains in the US for living expenses. Thanks for any replies!
Thanks @steveinbsas this is very clear and helpful! Do you have any recommendations on accountants?If the assets which produce the capital gains the US in are in your name, they may be subject to the bienes personales (personal assets) tax in Argentina. If your US capital gains income is presently more than (about) $500 dollars per month, any amount above that may be taxable in Argentina, but am not certain. If your capital gains income is only a "few hundred" I doubt that you will have to declare or pay tax on it in Argentina. These are questions most Argentine accountants should be able to answer.
If you live in Argentina year round and spend less than a month in the USA per year, you can make about $100,000 USD per year without paying US income tax on it, but you will hgave to claim the foreign income exemption. I beleive you will still have to pay FICA (the Social Security tax) and the Medicare tax as well on any income you generate in Argentina.