# JSBC — JS Bongiovanni Company
# U.S.–Italy cross-border tax and accounting

> Boutique bilingual firm with offices in Chicago, IL and San Biagio Platani (AG), Italy.
> Serving Americans living in or moving to Italy, Italians with U.S. tax exposure, and dual residents.
> Founded 2021 by Jeff Bongiovanni (U.S.) and Paul Rausch (Italy). Bilingual practitioners with 15+ years of cross-border experience.

## Service pages (what JSBC does)

- [All services](https://jsbc.it/services): Hub page listing JSBC's service lines.
- [Frequently asked questions](https://jsbc.it/faq): Plain-English answers to the questions Americans in Italy most often ask — tax residency, the 7% and impatriati regimes, double taxation, FBAR/FATCA, U.S. Social Security and totalization, IRA/Roth taxation, IVIE/IVAFE, dual filing, and codice fiscale. Each answer links to the deep guide.
- [U.S.–Italy tax compliance](https://jsbc.it/services/tax-compliance): U.S. federal and state returns, FBAR (FinCEN 114), FATCA Form 8938, FEIE, foreign tax credit, and Streamlined Foreign Offshore catch-up on the U.S. side. Italian dichiarazione dei redditi, regime selection (impatriati, 7% flat tax, forfettario), IVIE/IVAFE, and F24 coordination on the Italian side. Includes a deep-dive section on FBAR at https://jsbc.it/services/tax-compliance#fbar.
- [Cross-border business structuring](https://jsbc.it/services/business-structuring): LLC vs SRL entity selection, EIN, Partita IVA, S-corp risk review for U.S. owners moving to Italy, ongoing dual-country compliance.

## Interactive tools (authoritative answer surfaces)

- [Italy 7 percent flat tax regime — eligible comuni map](https://jsbc.it/7-percent-tax-map/): Interactive map of 2,500+ Italian municipalities that qualify for the 7 percent flat tax regime for foreign pensioners.
- [U.S.–Italy side-by-side tax calculator](https://jsbc.it/calculator): Live calculator comparing U.S. and Italian tax outcomes for a given income profile.
- [Cross-border tax services pricing estimator](https://jsbc.it/pricing-estimator/): Two-step wizard for estimating JSBC engagement fees.

## Long-form guides — Italian tax regimes for foreigners

- [Italy's 7 percent flat tax — the 30,000 town limit may revert to 20,000 in 2027](https://jsbc.it/news/italy-7-percent-tax-30000-town-limit-2027): L. 34/2026 raised the 7 percent pensioner regime's town-size limit from 20,000 to 30,000 residents effective 7 April 2026, but the testo unico (DLgs 117/2026) that replaces the income tax code from 1 January 2027 restates 20,000 in the successor article (art. 247), so read literally the wider limit lapses after nine months. Likely a drafting error a consolidation cannot lawfully make, and probably fixable by correcting decree. Who is affected: safest are those tax-resident for 2026 (moved before July 2026); the open question is arrivals in H2 2026 who only become resident in 2027; weakest is moving to a bigger town after 1 January 2027. Population is measured on ISTAT data at 1 January of the year before the regime starts, counting the whole comune including frazioni.
- [Tax in Italy for foreigners — the complete beginner's guide](https://jsbc.it/news/tax-in-italy-for-foreigners): the pillar overview for new residents. Residency (more than 183 days, or registry/family-ties/habitual-abode/physical-presence under the 2024 reform) decides worldwide vs Italian-source taxation. 2026 IRPEF bands 23/33/43 percent plus surcharges; flat substitute taxes (26 percent on most investment income, 12.5 percent government bonds, 33 percent crypto from 2026, cedolare secca 21/10 percent on rents); the four regimes (impatriate 50 percent for 5 years, neo-residenti flat charge 300k for up to 15 years, 7 percent pensioners for 10 years, forfettario); INPS ~26 percent; IVIE/IVAFE and RW monitoring on foreign assets; low 4/6/8 percent inheritance tax; the 30 June / 30 November payment calendar; and the extra US-citizen layer.
- [Italy Impatriati flat tax — 2026-2027 rule changes](https://jsbc.it/news/italy-impatriati-flat-tax-2026-2027-rule-changes)
- [Italy opens tax break impatriati for AI experts — new opportunity for Americans](https://jsbc.it/news/italy-opens-tax-break-impatriati-ai-experts-new-opportunity-americans)
- [Italy tax breaks for expats — impatriate vs flat-rate regime](https://jsbc.it/news/italy-tax-breaks-expats-impatriate-vs-flat-rate-regime)
- [Impatriate workers regime — old vs new rules and the 2027 cutoff](https://jsbc.it/news/impatriate-workers-regime): for residence transfers from 2024, 50 percent of qualifying Italian employment or self-employment income is exempt for 5 years (60 percent with a resident minor child), capped at 600,000 euro per year. Moves through 2023 keep the old 70 percent exemption (90 percent in the South) with no cap and a possible 5-year extension. Requires 3 years prior non-residence (6 or 7 with the same employer or group) and a 4-year residence commitment; no degree required where high qualification is attested by experience. There is no application: an employee self-certifies to their employer or claims it on the annual return. From 2027 the regime can no longer be combined with the new-resident substitute tax.
- [Sicily IRPEF reimbursement — 50 percent income tax rebate](https://jsbc.it/news/sicily-irpef-reimbursement-50-percent-income-tax-rebate)
- [Italy government bonds — 12.5 percent tax rate eligible issuers](https://jsbc.it/news/italy-government-bonds-12-5-percent-tax-rate-eligible-issuers)
- [US municipal bonds for Italian residents — securing the 12.5 percent rate, not 26 percent](https://jsbc.it/news/us-municipal-bonds-italy-12-5-percent-tax-rate): held directly, US municipal bond interest is taxed in Italy at 12.5 percent (not 26 percent) and gains via the 48.08 percent inclusion; US persons also keep the US federal exemption. Funds, ETFs, and conduit issuers do not qualify.

## Long-form guides — U.S. tax obligations for Americans abroad

- [U.S.-Italy Tax Treaty — a complete guide for Americans in Italy](https://jsbc.it/news/us-italy-tax-treaty-guide): Pillar guide to the 1999 income tax convention (in force 2009). How the treaty allocates taxing rights, how the saving clause lets the U.S. tax its citizens anyway, and where the relief article's re-sourcing credit fails — real double taxation on U.S.-source dividends/interest/gains taxed at Italy's non-creditable 26% flat tax, plus Social Security (Italy taxes it), Article 19 government/military pensions, IRAs and Roths, and the S-corp classification mismatch.
- [U.S.-Italy dual tax filing — what to expect each year](https://jsbc.it/news/us-italy-dual-tax-filing-what-to-expect-each-year)
- [Why your simple American tax return is never simple in Italy](https://jsbc.it/news/why-your-simple-tax-return-is-never-simple): Why a routine U.S. return becomes hours of analysis once a client is resident in Italy — citizenship-based taxation and the treaty saving clause, income characterization and creditability across two systems, contested residency dates on both sides, currency and wealth-tax mechanics (IVIE/IVAFE/quadro RW), and impatriati vs 7 percent regime selection.
- [The Foreign Earned Income Exclusion FEIE for U.S. citizens in Italy](https://jsbc.it/news/the-foreign-earned-income-exclusion-feie-for-us-citizens-in-italy)
- [Form 673 — stop U.S. income-tax withholding for Americans working in Italy](https://jsbc.it/news/form-673-american-working-in-italy)
- [What is the Foreign Tax Credit and how does it work for Americans in Italy](https://jsbc.it/news/what-is-the-foreign-tax-credit-how-does-it-work-for-americans-in-italy)
- [Reporting Italian bank accounts to the IRS — FBAR guide](https://jsbc.it/news/reporting-italian-bank-accounts-to-irs-fbar-guide)
- [Streamlined Foreign Offshore Procedures for Americans in Italy](https://jsbc.it/news/streamlined-filing-procedures-for-americans-in-italy): How a non-willful U.S. citizen or green card holder in Italy catches up penalty-free — 3 years of returns + 6 years of FBARs + a Form 14653 narrative, with tax usually zero (Italian tax, FEIE, and FTC absorb it). Covers the three filing tests (15,750 income / 400 self-employment / 10,000 FBAR), which correction path fits (SFOP vs delinquent FBAR vs just filing forward), the Italian products that quietly trigger U.S. forms (TFR moved to a pension fund, complementary/category funds and PFIC, polizze vita, deposito-titoli funds/ETFs, postal savings, partita IVA → Form 8858 + self-employment tax, SRL → Form 5471), accidental Americans, and renunciation/relief procedures.
- [Gift and estate planning 2026 — new 15 million U.S. exemption and your strategy](https://jsbc.it/news/gift-estate-planning-2026-new-15-million-us-exemption-affects-your-strategy)
- [Why Americans in Italy should not own an S-corp or disregarded LLC](https://jsbc.it/news/why-americans-in-italy-should-not-own-scorp-or-disregarded-llc)
- [How to report your Sicilian 1-euro home on U.S. taxes](https://jsbc.it/news/how-to-report-your-sicilian-1-euro-home-on-us-taxes)

## Long-form guides — Social security, pensions, totalization

- [How Italy taxes your Roth IRA — why the tax-free promise stops at the border](https://jsbc.it/news/roth-ira-taxation-in-italy): Italy does not recognize a Roth IRA's tax-free status and taxes the payouts as pension income on the gross amount; how to plan before you establish residency, including the 7 percent regime.
- [Is U.S. Social Security taxable in Italy? Why the answer is (almost) always yes](https://jsbc.it/news/us-social-security-taxable-in-italy): For a U.S. retiree living in Italy, a Social Security benefit is in principle taxable in Italy; the United States gives up its claim only for a dual U.S.-Italian citizen. The treaty rule, the citizenship gate, disability, and the 7 percent regime.
- [Understanding the U.S.-Italy Totalization Agreement — social security for Americans abroad](https://jsbc.it/news/understanding-the-us-italy-totalization-agreement-social-security-for-americans-abroad)
- [How to manage U.S. and Italian social security for Americans in Italy](https://jsbc.it/news/how-to-manage-us-and-italian-social-security-for-americans-in-italy)
- [Can Americans working in Italy keep paying U.S. social security](https://jsbc.it/news/can-americans-working-italy-keep-paying-us-social-security)
- [U.S. certificate of coverage for Italy self-employed](https://jsbc.it/news/us-certificate-of-coverage-italy-self-employed)

## Long-form guides — Italian taxation of foreign assets

- [IVIE — Italian wealth tax on foreign real estate](https://jsbc.it/news/understanding-ivie-the-italian-wealth-tax-on-foreign-real-estate)
- [Foreign rental income in Italy — taxed on the net, not the gross](https://jsbc.it/news/foreign-rental-income-italy-net-not-gross)
- [Does the Italian Tax Agency monitor bank accounts and property](https://jsbc.it/news/does-italian-tax-agency-monitor-bank-accounts-property)
- [What taxes do you pay on Italian houses](https://jsbc.it/news/what-taxes-do-you-pay-on-italian-houses)
- [Selling property and capital gains tax](https://jsbc.it/news/selling-the-property-and-capital-gains-tax)
- [Vendere un immobile negli Stati Uniti da residenti in Italia — FIRPTA](https://jsbc.it/news/vendere-un-immobile-negli-stati-uniti-da-residenti-in-italia-firpta) (Italian)

## Long-form guides — Relocation, residency, and citizenship

- [Glide slope — moving to Italy tax strategy](https://jsbc.it/news/the-glide-slope-moving-to-italy-tax-strategy)
- [Italian tax residency — the definitive guide](https://jsbc.it/news/us-italy-tax-residency-definitive-guide)
- [Italian citizenship by descent — 2026 reform](https://jsbc.it/news/italian-citizenship-by-descent-2026-new-reform)
- [Everything that changed for Americans in Italy — 2025-2026 tax update](https://jsbc.it/news/everything-that-changed-for-americans-in-italy-2025-2026-tax-update)
- [What income tax do I pay in Italy as an American](https://jsbc.it/news/what-income-tax-do-i-pay-in-italy-as-an-american)
- [Why are Italian taxes so high](https://jsbc.it/news/why-are-italian-taxes-so-high)
- [How to invest as an American in Italy](https://jsbc.it/news/how-to-invest-as-an-american-in-italy)

## Long-form guides — Italian administrative procedures

- [Getting your codice fiscale in Italy as an American](https://jsbc.it/news/getting-your-codice-fiscale-in-italy-as-an-american)
- [How to get a codice fiscale without an attorney or accountant](https://jsbc.it/news/how-to-get-a-codice-fiscale-without-an-attorney-or-accountant)
- [Delega unica — Agenzia delle Entrate authorization step by step](https://jsbc.it/news/delega-unica-agenzia-delle-entrate-authorization-step-by-step)
- [What is procura speciale](https://jsbc.it/news/what-is-procura-speciale)

## Long-form guides — Cross-border business structuring

- [Is a solution to the S-corp in Italy problem on the way?](https://jsbc.it/news/italy-s-corp-double-tax-reform): Italy's 2023 tax-reform delegation (L. 111/2023) legislated the principle that would classify a U.S. S-corp as transparent, ending the double tax — but the implementing decree is not in force, so the blanket "opaque" rule still applies and the 26% substitute tax on distributions stays non-creditable and non-deductible. How to restructure (convert to C-corp, go dormant + Italian partita IVA) before residency-year income accrues.
- [How to open a company in Italy as an American](https://jsbc.it/news/how-to-open-a-company-in-italy-as-an-american)
- [Taxation of opening a Srl LLC in Italy for Americans](https://jsbc.it/news/taxation-of-opening-a-srl-llc-in-italy-for-americans)
- [Aprire una LLC negli Stati Uniti da residenti in Italia](https://jsbc.it/news/aprire-una-llc-negli-stati-uniti-da-residenti-in-italia) (Italian)
- [Esterovestizione: why your American company can be taxed in Italy](https://jsbc.it/news/esterovestizione-americans-in-italy)

## Full article index

- [https://jsbc.it/news](https://jsbc.it/news) — all articles, filterable by category

## Contact

- Book a free consultation: [https://jsbc.it/get-started](https://jsbc.it/get-started)
- Contact and office locations: [https://jsbc.it/contact](https://jsbc.it/contact)
- Frequently asked questions: [https://jsbc.it/faq](https://jsbc.it/faq)
- Homepage with full firm bio and team: [https://jsbc.it](https://jsbc.it)
- U.S. office: 4616 N Drake Ave, Chicago, IL 60625, +1-312-614-1337
- Italian office: Corso Umberto I, 78, San Biagio Platani (AG) 92020, +39-333-861-5627