About 110v220v

Currently Lives:

Paris, France

Citizen of:

United States

Some Forum Posts:

France: Needed: Advice on transferring $$ from the US:

Hi, Overall, the first question is where is your fiscal residence? If it is in France, the sale of your home in the US will have to be declared on your French tax returns, but you won't get double taxed thanks to the provisions of the FrancoAmerican treaty. In terms of transferring the funds, if all the rest of your paperwork is spot on, there shouldn't be a problem.

France: dual national and capital gains:

Hello I understand how to handle dividend and interest received from the US on my french tax forms (tax is paid in the US, a credit is applied in France), but I am at a loss as to how to handle the capital gains bit. According to art 13 of the convention, they are to be declared and paid in France according to local rules. What I am missing is how to handle it on the US side, how to declare them or not, if i have to pay the US cgs or not, and how to apply a credit for the french taxes and prelevement sociaux paid here. Can anyone assist? I've scoured the IRS site and came up empty. Thanks in advance 110v220v

France: furnished vs unfurnished in paris:

Hello Sarbu, It is "extremely rare" to find an unfurnished apt with an equipped kitchen...and if per chance you do, chances are the equipement is limited to a couple of built in cabinets.... depending on the size of your flat, you may be able to fit a clothes washer in the kitchen. both a washer and dryer would be more rare, and the cost of a machine that does both is pretty high in my eyes. you can find a perfectly good washer for about 4OO euros. Check out websites like www.armenager.com - they have competiive rates, good selections, and a showroom in central paris to boot. if i were you, i'd check out the ads in FUSAC and on the paris link of craigslist.com. There are a lot of expats who stay here a year or so and leave selling lightly used appliances. It's worth the effort I think. Good luck 110v220V

France: paying taxes as self-employed:

Bit late responding given the date of your post, but you need to file self employed taxes in the US as well. You won't be taxed twice since you file form 2055 as long as you are under the foreign income exclusion. And you need not pay social security self imployment tax because of the totalisation agreement between the US and France. What IS a pain (i'm self employed as well) is transforming your professional accounting in France to the US tax forms: the entry fields are a bit different and are sometimes understood differently. good luck!

Date Joined:

11/29/2005

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