Italy and France--U.S. Dual Taxation Issues: U.S. Treaty Benefits, Saving Clause, Residency Rules
Note: CLE credit is not offered on this program
A live 110-minute CPE webinar with interactive Q&A
This webinar will discuss the dual taxation issues that advisers, including multinational advisers, must address for taxpayers traveling and residing in France and Italy, as well as the U.S. Our seasoned foreign tax advisers will explain residency, totalization agreements, and taxation of passive and earned income for these countries. They will also point out tax-saving devices, including foreign tax credits, foreign earned income and housing exclusions, and the application of treaty benefits.
Outline
- Italy and France: U.S. dual taxation issues introduction
- Residency
- Italy
- France
- Totalization agreements
- Italy
- France
- Treaty benefits and caveats
- Inheritance taxes
- Italy
- France
- I. Tax-saving devices
- Foreign tax credits
- Foreign earned income exclusion
- Housing exclusion
- Best practices
Benefits
The panel will cover these and other critical issues:
- How the saving clause can supersede lower treaty tax rates
- Residency requirements for taxpayers living or working in Italy
- How the U.S. France totalization operates
- Tax-saving vehicles for multinational taxpayers including foreign tax credits
Faculty
Anthony V. Diosdi
Partner
Diosdi Ching & Liu
Mr. Diosdi is an experienced trial lawyer who regularly defends individuals and corporations in matters involving tax... | Read More
Mr. Diosdi is an experienced trial lawyer who regularly defends individuals and corporations in matters involving tax controversies and government regulatory enforcement. He also has vast experience assisting clients who find themselves with unreported or undeclared bank accounts outside the U.S. Mr. Diosdi is acknowledged as one of the nation’s leading experts in contesting penalties associated with failing to file FBARs. In addition to representing clients in tax controversy matters, he advises clients on U.S. international tax matters, including tax planning with respect to their structures and transactions. In particular, Mr. Diosdi has experience advising on issues relating to tax treaties, pre-immigration planning for foreigners moving to the U.S., expatriation planning, tax planning for foreign companies doing business in the U.S., and subpart F income minimization. More recently, he has focused on helping clients navigate U.S. tax reform, including the regimes for Global Intangible Low-Taxed Income and Foreign-Derived Intangible Income, and the new limitations on foreign tax credits.
Close
Giulia Iacobelli, CPA
President and Owner
Italian CPA Firms
Ms. Iacobelli relocated to New York in 2000 upon realizing the fact that Italian Businesses seeking to operate in the... | Read More
Ms. Iacobelli relocated to New York in 2000 upon realizing the fact that Italian Businesses seeking to operate in the United States were in need of tailored solutions that would help them achieve their mission and objectives in the short and long run. She started the cooperation with several CPA and legal firms and joined a very capillary network of international professionals to fulfil the client needs internationally. Ms. Iacobelli began her career in 1986 in Italy as a forensic accountant with specialization in bankruptcy proceedings as well as in civil and criminal trusted court appraisal and after a number of years, she enhanced her education through a few academic courses in the USA and training in reputable accounting firms such as Mc Gladrey and Pullen LLP and others. She obtained the CPA license under the State of New York in February 2005 and in March 2015 under the State of Florida and started her second firm in Miami.
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