Avoid Double Taxation Between the U.S. and Italy

Most likely, yes. U.S. citizens and green card holders must file a U.S. federal tax return every year regardless of where they live — it's one of the few citizenship-based tax systems in the world. If you're also a resident of Italy, Italian filing obligations apply too. The good news: the U.S.–Italy Tax Treaty and provisions like the Foreign Tax Credit and Foreign Earned Income Exclusion (FEIE) prevent most double taxation with proper planning.

FBAR (FinCEN Form 114) is a required report for any U.S. person who holds foreign bank accounts with an aggregate value exceeding $10,000 at any point during the year. If you have an Italian bank account, pension, or investment account, you almost certainly need to file. Penalties for non-compliance are severe — up to $10,000 per violation for non-willful failures. We handle FBAR preparation and late-filing remediation as a core part of our practice.

The U.S.–Italy Tax Treaty allocates taxing rights between the two countries so that most types of income — wages, pensions, dividends, capital gains — are only taxed once. It also reduces withholding rates on cross-border payments and provides tie-breaker rules for dual residents. Properly applying the treaty requires knowing which articles apply to your specific income types and residency status — this is exactly where most generalist accountants get it wrong.

Pricing depends on your specific situation — a straightforward expat return is very different from a dual-residency filing with business income and FBAR obligations. We discuss scope and pricing transparently on your free consultation call, before any commitment. What we can say: our clients consistently find that proper cross-border planning saves significantly more than it costs.

It's not too late — and you're not alone. Late filing remediation is one of the most common situations we handle. The IRS offers programs like the Streamlined Filing Compliance Procedures specifically for expats who are behind, and penalties can often be significantly reduced or eliminated entirely. The sooner you act, the better — but the window to fix this is wider than most people think.

Yes — cross-border business structuring is a core service. Whether you're an Italian entrepreneur forming a U.S. LLC, a U.S. company establishing an Italian SRL, or a freelancer navigating Partita IVA and U.S. self-employment tax simultaneously, we handle entity formation, EIN registration, Partita IVA setup, and the ongoing compliance on both sides. Getting the structure right from day one avoids costly restructuring later.

100% — our clients are spread across the U.S., Italy, and beyond. All consultations are available by video call, phone, or WhatsApp. Our workflow is entirely digital and paperless, so geography is never a barrier. If you're in Milan or Manhattan, the process is exactly the same.