American tax return for individuals

For most people, the Dutch tax return is easy to prepare and submit. Just check what is on the website of the tax authorities, and you are good to go. Unfortunately, this is not the case for the US tax return. Your Dutch income must be included separately as foreign earned income. Subsequently, it must be examined to determine whether that income is excluded from taxation, or whether it can be offset against Dutch taxes. It is also not easy to assess whether all requirements for the return have been met. In addition, there is also the separate submission of all bank accounts that go to another institution. The FBAR must be submitted to FINCEN.

All in all, the US tax return is a complex issue.

If you want to be completely unburdened with regard to both returns, I can also take care of the Dutch tax return. I do this in consultation with Team Vervoort in Haarlem. As a result, the return is covered by a Registered Tax Adviser. You only need to submit your information once, after which the Dutch and American tax returns are drawn up simultaneously. Dutch taxes can be taken into account directly in the American tax return.

In the exceptional case that a "passive income tax" has to be paid in the American tax return, the Dutch tax return can be optimized between both partners, so that the Dutch box 3 tax is paid by the American partner. As a result, the box 3 tax can be settled with the "passive income tax" that the US would levy. This is particularly attractive for wealthy individuals, who would also have to pay taxes in America on their profit from stock transactions or interest.