Cristy1977
American looking for information about Colombia
Forum
6 posts
About me
American
Registration: 17 January 2023
Activity
Wealth tax and 401k by Cristy1977
Hello. Does anybody know if 401k and IRA balances count for the wealth tax calcularion? Thanks
I'm actually a dual citizen so won't have to go through visa. I'd assume that's worse because of responsibilities as a citizen. Thanks group. Read More
Wealth tax and 401k
Hello. Does anybody know if 401k and IRA balances count for the wealth tax calcularion? Thanks Read More
alternatives to Western Union for collecting cash? by emerald788
Hi, I need to send myself some money from a bank account overseas, but heard that Western Union fees/exchange rates are exorbitant. What's a good alternative? I'm in the Coffee Zone.
I used Ria, xoom, and remitly in the past and they were able to get the money at an Exito or other stores. Not sure if still works or what the ID requirements are. Faster transfers are more expensive Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
@mtbe Hello. I think you may have answered some questions I've had and are giving me nightmares. Do you mind letting me know if my understanding is correct?1. 401k and IRA balances do not count towards wealth tax bet worth (patrimonio) and are not ... Read More
Taxation in Colombia for a dual U.S. and Colombian citizen. by artisvida
Good day everyone! I'm new here, so my apologies if I posted in the wrong section.For context on the post headline, I moved to the U.S. when I was 7 years old. I've lived here my entire life, however, I've visited Barranquilla a few times the past ...
@artisvida you should connect with an accountant. First, determine if you are a fiscal resident. You may be even if you don't spend more than 150 days.Assuming you are not a fiscal resident, you only need to pay taxes on your Colombian income. ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
Hello. I am been working towards retiring early to spend time with my elderly parents in Colombia (I'ma dual citizen). Most of my money is in 401k and Roth IRAs. I'm very worried about the wealth tax (patrimonio). Do you know if IRA and 401k balance ... Read More