Residents
Nonresidents
The IRS & States
Pensions
Great "American" and "Client" Expectations
100
The type of income American residents are taxed on
What is worldwide income?
100
The original due date for nonresident aliens of the US tax system to file their tax returns
What is April 15h?
100
The emotion that most Americans fear when reading the word "IRS"
What is FEAR?
100
The pension plan most US taxpayers are involved in with their company.
What is a 401K?
100
Americans generally expect this within 24-48 hours
What is a reply to an email or phone call confirming receipt of question?
200
The due date for US tax returns
What is April 15th?
200
What type of income is typically taxed at 30% or lower treaty rates for Nonresidents
What is non-effectively connected income?
200
Many Americans believe that if they file their tax return after April 15th, they will get a negative note posted on what report?
What is their credit report?
200
The competent authority in the US that reviews pension plans.
What is the IRS?
200
The act of setting realistic expectations and due dates for US offices and American assignees.
What is managing expectations?
300
The penalty is 0.5% for each month the tax is not paid in full.
What is the late payment penalty?
300
This report is required to be filed by all US persons or persons "doing business in the US" if they have a combined total equivalent to $10,000 USD or more in foreign banks or financial accounts.
What is the Report of Foreign Bank and Financial Accounts?
300
Name the place Americans fear they will end up if they do not file their tax returns or make a mistake on their tax returns?
What is jail?
300
This typically costs around $30,000 in the US for approval.
What is a competent authority agreement?
300
A company decided tax amount for filing state tax returns.
What is a filing threshhold?
400
This causes many Americans with the 30% ruling to incur a cash flow issue when filing their US tax return due to their workdays outside of the Netherlands.
What is a large Dutch tax refund?
400
The years in which tax returns are most complex for nonresidents of the US.
What is arrival and departure year?
400
Although allowed on US Federal returns to exempt compensation some states disallow use of these to exempt the same income on the state return.
What are treaties?
400
This Netherlands tax act is referenced in the Notice regarding approval of Netherlands pension schemes.
What is corporate tax act?
400
When not assisted by KPMG, this is typically incorrect for Dutch expats in the US.
What is US Shadow payroll?
500
Name the tax authority most feared by Americans?
What is the IRS?
500
The gain other than capital gain that non-US assignees sometimes are taxed upon when they sell foreign real estate.
What is a currency exchange gain?
500
This day that most assignees will be taxed on their worldwide income by a state.
What is day 1 of their assignment?
500
This group in the US is typically used when requesting competent authority agreements for foreign plans.
What is Washington National Tax (WNT)?
500
The number one thing we can do for all our clients who are living outside of their home country?
What is put ourselves in their shoes?
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