Common IRS tax issues of US-German filers

Common IRS tax issues of US-German filers

http://ift.tt/2vajwCi Some of the Germany-US double taxation treaty benefits Certain business profits sourced in Germany are not taxable by the US. Research and development expenses get special treatment Lower rates apple for certain dividends d the United States, the double taxation agreement. Holding companies of real estate get no relief on sale of property Personal services by German sole traders in the United States will be exempt from paying the income tax in the United States. US sole traders will benefit from the same treatment in Germany. US and German employees are also exempt from paying the personal income tax if they are in the other country for 183 days maximum during a calendar year and if the income is paid by a non-resident company. Along with FATCA and FBAR reporting, these are the specific German IRS tax issues our team of tax attorneys, CPAs, and tax preparers assist our clients with. - German pensions - German real estate income - German inheritances and gifts - Unreported German financial accounts Parent & Parent LLP 144 S Main Street Wallingford, CT 06492 (203) 269-6699 http://ift.tt/1RfwK1f info@irsmedic.com https://youtu.be/md2TU3Hqaa0 IRS Medic