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Old 13.02.2010, 00:42
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Swiss and U.S. Taxes (Basel)

Hi,

I am looking for someone to shed some light on my situation:
I and my wife are U.S. citizens; she works for a Swiss company, I work as independent contractor (1099) for a U.S. company (i.e. she gets paid in Swiss francs here and I get paid in US$ in the U.S.). We both live in Basel.

On Swiss side:
1) Should we file taxes jointly in Switzerland?
2) Should we report my U.S. income in Switzerland?
3) Will I be eligible to pay AHV/IV and claim benefits eventually?

On the U.S. side:
1) Can I also claim ~$90K AGI reduction?
2) Can we deduct rent etc.?

Also, if someone can recommend an accountant who can have expertize in both tax systems, I would appreciate it.
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Old 13.02.2010, 12:58
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Re: Swiss and U.S. Taxes (Basel)

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On the U.S. side:
1) Can I also claim ~$90K AGI reduction?
2) Can we deduct rent etc.?
(1) Yes, if your income is considered professional fees (no, or "in part," if business capital or the contribution of others in a company contribute to that income); (2) "rent," yes, if your income exceeds the exclusion amount; "etc" is not in the Internal Revenue Code. For details, and to help cure insomnia, start reading this link.
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