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Digital Nomad Taxes

Editorial hero image showing Colombian property closing documents, architectural plans, a U.S. passport, Colombian cédula, keys, and notary items on a walnut table with a Colombian city skyline in the background.

Buying Property in Colombia as a U.S. Citizen: The Tax Issues Most Buyers Miss Until It’s Too Late.

Most U.S. citizens buying property in Colombia assume the U.S. side does not care because the asset sits abroad. The U.S. cares about three things: how the property is titled (direct fee-simple, SAS, or fiducia mercantil), how rental income is reported on Schedule E with Form 1116 foreign tax credits, and whether the structure triggers […]

Buying Property in Colombia as a U.S. Citizen: The Tax Issues Most Buyers Miss Until It’s Too Late. Read More »

Living in Colombia Behind on U.S. Taxes? Streamlined Filing

Living in Colombia and Behind on U.S. Taxes? How Streamlined Filing May Help Avoid Severe IRS Penalties.

If you are a U.S. citizen, dual citizen, or green card holder living in Colombia and you have unfiled U.S. returns or unreported Colombian accounts, the Streamlined Foreign Offshore Procedures (SFOP) are the IRS-sanctioned compliance path for qualifying expats. SFOP carries a $0 miscellaneous offshore penalty when eligibility is met. The procedures are only available

Living in Colombia and Behind on U.S. Taxes? How Streamlined Filing May Help Avoid Severe IRS Penalties. Read More »

CPA tax return review for Colombians in Miami showing Form 1040, magnifying glass, Colombian passport, and Miami skyline at golden hour.

CPA Tax Return Review for Colombians in Miami: What a Proper Second Look Catches Before the IRS Does?

A CPA tax return review for Colombian-American filers in Miami examines a previously filed U.S. return for unreported Colombian bank and brokerage accounts, ownership in a Sociedad por Acciones Simplificada (SAS), interests in a fiducia mercantil, Colombian mutual funds and Fondos de Inversion Colectiva (FICs) that the IRS treats as PFICs, and gifts or inheritances

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U.S. CPA in Buenos Aires for Americans and Expats | Ed Parsons CPA

U.S. CPA in Buenos Aires for Americans and Expats

If you are an American living in Buenos Aires, your U.S. taxes come with a few Argentina-specific wrinkles. Local peso and dollar accounts must be reported on the FBAR, Argentine mutual funds can be treated as PFICs under punishing U.S. rules, and years of shifting exchange rates make currency conversion a real question on your

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U.S. CPA in Singapore for Americans and Expats | Ed Parsons CPA

U.S. CPA in Singapore for Americans and Expats

If you are an American in Singapore, start with a fact that surprises many people: there is no comprehensive U.S.-Singapore income tax treaty. Singapore is not on the IRS treaty list, and the limited shipping and FATCA agreements that do exist give individuals no income-tax relief. So you protect yourself with the IRS’s own tools,

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