IRS transcripts can tell part of the story. They may show filing history, refund activity, payments, penalties, balances, wage and income records, and IRS account activity. That is useful. But for Colombian taxpayers in Miami, IRS transcripts are often not enough. Why? Because many Colombia-side facts may never appear clearly on an IRS transcript unless
Why IRS Transcripts Are Not Enough for Colombian Taxpayers Read More »
You filed your tax return. Maybe the refund never came. Maybe the refund was smaller than expected. Maybe you received a penalty notice. Maybe you are not even sure whether an old return was filed. Before guessing, amending, calling the IRS, or ignoring the problem, there is often a better first step: Review the IRS
How IRS Transcripts Can Reveal Refunds, Penalties, and Filing Problems Read More »
You sold property in Colombia, or you are about to sell. Maybe it was an apartment in Medellín, Bogotá, Cali, Cartagena, Barranquilla, or another Colombian city. Maybe it was inherited. Maybe it used to be your home. Maybe it was rented for years. Maybe the proceeds stayed in Colombia. Maybe Colombian tax was paid at
Selling Property in Colombia: U.S. Tax Return Issues to Review Read More »
You live in Miami, but you own property in Colombia. Maybe it is an apartment in Medellín, Bogotá, Cali, Cartagena, Barranquilla, or another Colombian city. Maybe family helps manage it. Maybe tenants deposit rent into a Colombian bank account. Maybe you report something to DIAN. Maybe you paid Colombian property taxes, administration fees, repairs, or
Reporting Colombian Rental Property on a U.S. Tax Return Read More »
You paid taxes in Colombia. Maybe DIAN withheld tax. Maybe you paid Colombian tax on rental income, pension income, dividends, interest, business income, or the sale of property. Then you filed a U.S. tax return in Miami and assumed the U.S. side was handled. But now you are wondering: Did my U.S. return correctly use
Foreign Tax Credit Mistakes for Colombian Taxes Paid Read More »
You have cuentas en Colombia, and now you are seeing two terms everywhere: FBAR and Form 8938. They sound similar. They both involve foreign accounts or foreign assets. They both can matter for Colombian taxpayers in Miami. But they are not the same form, they are not filed the same way, and filing one does
FBAR vs Form 8938 for Colombian Accounts Read More »
You have cuentas en Colombia. Maybe one account. Maybe several. Maybe a savings account, checking account, investment account, pension voluntaria, or account connected to Colombian rental property. Now you are wondering: Does this belong on my U.S. tax return? Do I need FBAR? What about Form 8938? For Colombian taxpayers in Miami, this is one
Colombian Bank and other Financial Accounts, FBAR, and Form 8938 Read More »
Being a U.S./Colombia dual citizen can make taxes feel confusing fast. You may live in Miami, file a U.S. tax return, keep cuentas en Colombia, receive income from Colombia, own property there, pay Colombian taxes, or have pension accounts that do not look like normal U.S. retirement accounts. Then someone tells you, “If you are
Taxes Colombia USA: What Dual Citizens Often Miss Read More »
You live in Miami, but you still have cuentas en Colombia. Maybe it is a savings account in Bancolombia, Davivienda, Banco de Bogotá, BBVA, or another Colombian financial institution. Maybe the account is small. Maybe it is for family expenses. Maybe it holds rental income from an apartment in Colombia. Maybe it is connected to
Cuentas en Colombia y el IRS: What Dual US / Colombian Taxpayers Should Know Read More »
You filed your U.S. taxes. Maybe you got a refund. Maybe the return was accepted. Maybe your preparer said everything was fine. But now you are wondering: Did my U.S. tax return really handle my Colombia-side facts correctly? For Colombian taxpayers in Miami, the most common tax return mistakes are not always obvious. Sometimes the
Common U.S. Tax Return Mistakes for dual US/Colombian Taxpayers Read More »