{"product_id":"digital-product-4","title":"US tax obligations for Americans living in Italy","description":"\u003cp class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\"\u003eMost US citizens who move to Italy spend the first year learning the Italian system. They spend the second year getting a letter from the IRS.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\"\u003eThe United States taxes its citizens on worldwide income regardless of where they live. That means your Italian salary, your freelance income, your rental property in Tuscany, all of it remains reportable to the IRS after you land. Ignoring this does not make it go away. It produces penalties, back taxes, and in some cases, forced repatriation of accounts.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\"\u003eThis guide covers what the IRS expects from you the moment you establish residency abroad:\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\"\u003e\u003cstrong\u003eWhat you get:\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\"\u003eThe Foreign Earned Income Exclusion (Form 2555) and exactly who qualifies under the Physical Presence Test vs. the Bona Fide Residence Test. Most expats use the wrong test and lose the exclusion entirely.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\"\u003eFBAR (FinCEN Form 114) filing requirements for any foreign bank account holding more than $10,000 at any point during the year. The Agenzia delle Entrate and your Italian bank are not responsible for reporting this. You are. The penalty for non-filing starts at $10,000 per account per year.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\"\u003eFATCA and Form 8938, which operate separately from FBAR and catch a different category of foreign financial assets. Having filed FBAR does not mean you have satisfied FATCA.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\"\u003eHow to use the Foreign Tax Credit to offset Italian taxes paid to the Agenzia delle Entrate against your US tax liability, and when stacking the credit with the FEIE creates double-dipping violations.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\"\u003eSelf-employment tax exposure for freelancers and remote workers, including the Totalization Agreement between Italy and the United States, which determines which country's social security system you contribute to.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\"\u003eDeadlines, extensions, and the automatic two-month filing extension available to US citizens residing abroad.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\"\u003e\u003cstrong\u003eWho this is for:\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\"\u003eUS citizens relocating to Italy on any visa category. Remote workers, retirees, freelancers, and those transferring income-producing assets. This guide does not replace a licensed CPA or tax attorney. It gives you the framework to arrive in Italy knowing what you owe, what you don't, and what questions to ask before you file.\u003c\/p\u003e","brand":"Italy relocation network","offers":[{"title":"Default Title","offer_id":54412223873363,"sku":null,"price":71.0,"currency_code":"CAD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1087\/9166\/0883\/files\/IMG_1671.png?v=1785100349","url":"https:\/\/italyrelocationnetwork.com\/products\/digital-product-4","provider":"Italy relocation network","version":"1.0","type":"link"}