US Tax | CLVN

Coordination of Dutch Box 3 Tax and US Tax on Passive Income – An Overview

8 Jan 2021 | Dutch Tax, Foreign Tax Credits, Investing, Net Investment Income Tax (NIIT), Real Estate, US Tax

The most common complaint I hear about the Dutch tax system is the way that they tax income from savings and investments (e.g. interest, dividends and capital gains). This taxation occurs in “Box 3” of a Dutch tax return (“Box 1” covers wages,...

Owe taxes? No passport!

9 Jul 2018 | US Tax

I have had many questions in the past about whether or not owing taxes will result in you being denied entry to the US. My answer has always been that as a US citizen you have a right to enter the US, and only if you had already been found criminally liable and there...

2013 Year End Tax Planning and the 3.8% Medicare Surcharge (for Expats)

13 Dec 2013 | Net Investment Income Tax (NIIT), US Tax

I think this quote from the August 2013 issue of the Journal of Accountancy sums it up pretty well: “The new surtax on net investment income will come as a surprise to many individuals… Even more surprising for individuals will be that most tax credits (e.g. the...

2012 Year-End Tax Planning for Dutch BV’s (and Other Privately-Held Corporations)

8 Dec 2012 | Dutch BV, US Tax

If the current “fiscal cliff” tax laws go into effect as scheduled, the maximum US tax rate on qualified dividends will go from 15% to 43.4%. What this means for owners of a Dutch BV is that you may have to “top off” your taxes on dividends...