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Dylan Quintilone, EA
США
Добавлен 10 дек 2012
Welcome to my channel, my name is Dylan Quintilone and I am an Enrolled Agent. In case you don't know what an Enrolled Agent is, it is someone who is a tax expert and admitted to practice before Internal Revenue Service. I help clients file tax returns, resolve any tax disputes with the IRS and advise on how to plan and reduce potential tax liabilities.
The focus of my RUclips channel is to spread awareness about specific tax issues and simplify complicated tax topics so my subscribers can gain a better understanding about how to maintain tax compliance with the IRS.
We also use RUclips for outreach and to show potential clients what to expect if they decide to work with us. If you need to resolve a tax dispute with the IRS or file tax returns, please contact us today at 407-864-2702.
Dylan Quintilone PTIN P02055728
Disclosure
Dylan Quintilone is an investment advisor representative with Copper Canyon LLC, a state of Florida Registered Investment Advisor.
The focus of my RUclips channel is to spread awareness about specific tax issues and simplify complicated tax topics so my subscribers can gain a better understanding about how to maintain tax compliance with the IRS.
We also use RUclips for outreach and to show potential clients what to expect if they decide to work with us. If you need to resolve a tax dispute with the IRS or file tax returns, please contact us today at 407-864-2702.
Dylan Quintilone PTIN P02055728
Disclosure
Dylan Quintilone is an investment advisor representative with Copper Canyon LLC, a state of Florida Registered Investment Advisor.
Living In Colombia as a US expatriate: How the Colombian Peso (COP) works
The Colombian Peso (COP) is the currency used in daily life in the country of Colombia. An often overlooked aspect of living as a US expatriate overseas, is how the local currencies work, the conversion value to US dollars and the best practices to transact in the local economy.
The Colombian peso is a non major currency pair and it isn't well known outside of the country. So when it comes time to convert your US dollars and live your life in COP, it is critically important to understand the value of the different bank notes and how much things should cost.
In this video, I walk through many different aspects of the Colombian Peso currency, financial system and how to transact your daily ...
The Colombian peso is a non major currency pair and it isn't well known outside of the country. So when it comes time to convert your US dollars and live your life in COP, it is critically important to understand the value of the different bank notes and how much things should cost.
In this video, I walk through many different aspects of the Colombian Peso currency, financial system and how to transact your daily ...
Просмотров: 4 873
Видео
Dylan Quintilone, EA YouTube Channel Trailer
Просмотров 205Год назад
Our channel focuses on the topics of taxation, living overseas as a US expatriate, Colombia and other financial content. If you want to learn more about these topics, be sure to like and subscribe to our content! Contact me today for your tax consultation at 1 (407) 864-2702, by phone or WhatsApp. Book your consultation by visiting our website at: quintilonetax.com/index.php/contact-us/ Dylan Q...
5 Things To Know About Living in Colombia: US Expatriates Living Abroad
Просмотров 42 тыс.Год назад
Colombia is becoming one of the most popular destinations for US Expatriates living abroad. There are many positive aspects to living in Colombia and I wish I knew a few things before committing to the decision of living in country. There is a learning curve to understanding how things work and a definite language barrier. Learning Spanish can be essential to surviving or thriving in this count...
What Documents To Bring To Tax Preparer and What To Expect When Filing Taxes
Просмотров 653Год назад
Important documents to share with your tax professional: -A valid form of ID, (Drivers license, Passport, State ID) -Social Security Numbers for you, spouse and any dependents you plan to claim -Documents showing wages or earned income (W2, 1099-NEC/MISC) -Documents showing unearned income such as investments, interest or dividends (1099-B, 1099-DIV, 1099-INT) -Documents showing pension payment...
What is a FBAR? Who needs to file one?
Просмотров 4,7 тыс.Год назад
In this video we explain what an FBAR is and who needs to file one. FBAR is an acronym for "Foreign Bank Activity Report". If you live overseas and hold assets in bank accounts, brokerage accounts or other asset related accounts, and the account balance in the account is greater than $10,000 US dollars at any one point during the year, you are required to file an FBAR. FBAR is an information re...
What factors could lead to an IRS audit?
Просмотров 81Год назад
In this video, we talk about different factors that can lead to an IRS audit. When the words audit and IRS are used in the same sentence, it can invoke fear in many people. We are taught by our parents to avoid problems with the IRS. The IRS can levy and lien property. They are one of the scariest arms of government and it is your best interest to avoid problems with them at all costs. Sometime...
Important Tax Filing Dates & Deadlines For Individuals
Просмотров 120Год назад
The most important tax filing dates/deadlines for individuals are: -The IRS begins accepting Tax Returns on January 23rd, 2023 -W2 and 1099 forms should be received before January 31st, 2023 -The deadline to file a Tax Return is April 18th, 2023 -Request a 6 month extension to file Tax Return is April 18th, 2023. -Final day to file a Tax Return if you filed an extension is October 16th, 2023 Re...
US Expatriates in Colombia: Foreign Earned Income Exclusion Explained
Просмотров 355Год назад
US expatriates living abroad can avoid the possibility of double taxation by using one of a few expat tax strategies. The two primary strategies being the Foreign Earned Income Exclusion and claiming the Foreign Tax Credit. As a US expatriate living in Colombia, it is important to understand your worldwide tax liabilities and how to legally minimize them. In this video we discuss the Foreign Ea...
US Expatriates Living in Colombia: Foreign Tax Credit Explained
Просмотров 1,1 тыс.Год назад
For most Americans living in Colombia, the Foreign Tax Credit is the only tax strategy needed to avoid double taxation from both the Colombian and US governments. The Foreign Tax Credit, sometimes referred to as the FTC, reduces your American tax liability dollar for dollar by foreign taxes paid. It is possible to use both the Foreign Tax Credit and Foreign Earned Income Exclusion at the same t...
Respond To An IRS Notice
Просмотров 1512 года назад
An IRS notice can be scary. It doesn't have to be. The common notices are 30 day letter: A letter that informs a taxpayer of their rights to appeal the proposed changes by the IRS or pay the liability. The taxpayer has 30 days to either pay or appeal the proposed changes. 90 day letter (Notice of Deficiency): The IRS accepts the changes proposed to the taxpayers return. The IRS assesses an addi...
Stop an IRS Tax Lien or Levy Today!
Просмотров 2092 года назад
An IRS Debt, lien or levy can be crushing. There are actions you can take today to resolve this debt. It starts by visiting our website and booking a consultation. Contact me today for your tax consultation at 1-407-864-2702, by phone or WhatsApp. Dylan Quintilone PTIN P02055728 Disclosures: Dylan Quintilone is an investment advisor representative with Copper Canyon LLC, a state of Florida Regi...
Failure to File Taxes, Penalties and Repercussions Explained
Просмотров 992 года назад
In a perfect world everyone would pay their taxes on time and the IRS wouldn't pursue people for unpaid taxes. In the real world, people don't file a tax return or pay their outstanding tax liabilities. As a US citizen or resident, this is the worst possible thing you can do. The IRS has powers rule making ability in the executive, legislative and judicial branches of government. And you can be...
Dylan Quintilone, Enrolled Agent and Tax Expert
Просмотров 1802 года назад
Welcome to my channel, my name is Dylan Quintilone and I am an Enrolled Agent. In case you don't know what an Enrolled Agent is, it is someone who is a tax expert and admitted to practice before Internal Revenue Service. There are two ways to become an Enrolled Agent, the first by passing a three part comprehensive examination process administered by the IRS. The second via work experience with...
Why do you foreigners don’t talk about how you get your money to live there do you find jobs there or you are retired from yout jobs here
Dylan, do you have any videos about obtaining the M Visa?? Especially for retirement age people?
I recently went through the Trespaso for my R Visa. I’m happy to chat about the visa over a call, I can share my personal experiences. My Colombian colleagues and I recently filmed some content about finances between both countries. We hope to post content in the coming weeks. -Dylan
Good info. Just a bit bizzare that you would say you wish you knew that you need to speak at least a intermediate level of spanish to live in colombia , thats pretty much common sense unless you live in a gated community of expats, and if thats the case , you would be missing out on life and just existing . Anyways . Buena suerte . Otherwise everything you said is pretty acurate .
Can't understand why they won't learn English. This is 2024.
Hopefully you are joking. They are in South America, surrounded by all Spanish-speaking neighboring countries. They might take a few years of English in school like we might learn Spanish, but unless they have a specific reason to, they should not feel forced to learn English.
@poco-me5eq why don’t you learn to speak Spanish
@Divinehammer3000 be real. People have priorities.
@@Poco-me5eq what does that have to do with this?
@@Divinehammer3000 no, what I meant was a traveler can't be expected to learn the language of every country he visits and wants to spend a few years in. The onus lies on the host IMHO.
Let me help: 1. No Tinder 2. No threesomes 3.... Well that solves about 90% of any Gringo problems.
Hey Dylan. Great video. My family is planning on leaving the USA. Columbia is on the list of potential landing spots. We are planning on traveling there later this year to see what it's like. Any suggestions or input to make it a more impactful research trip would be appreciated.
Thank you for view of Museo de Cuidad Medellin. Most tourists walk past that Museo not knowing it exists on highest point at the panoramic vista at Púeblito Paisa. The Museo has smaller scale replicas of many excellent art sculptures found throughout the Medellin city region.
Medellin is 60 to 85 Fahrenheit all 12 months; modest amount rain is plenty to keep everything green. I like swimming in some of the 10 pools at the Estadio Olympic complex which is a 6 minutes walk from my $12 USD per night Airbnb.
Very very slow this summer getting Cedula. I paid on July 4 for my Cedula, now on September 18 my cedula is not yet available from Bogota. I need the Cedula for international money transfer pick up at Exito supermarket.
Columbia is not cheap. I was looking to buy a luxury apartment in Bogota and price us 2-3 million US dollars.
This was a great video, so many things I totally agree with. Im an Australian Expat living in Colombia and I find things like taxes very overwhelming. I know you specialise in tax for Americans, but do you, or do you know of any professionals that do this for other nationalities like Australians?
Really? I usually have arepas and I have mango juice every morning
Love that you do taxes in Colombia. I'm a law student interested in tax law and moving to Colombia. Will keep watching, great stuff
Thank you for the information Sir. I retire in 2 years and looking forward to living in Colombia. My wife and son are from Colombia as well. I lived in Orlando Florida for 33 years and currently residing in Clearwater Florida. Looking forward to one day using your services for now I am subscribed to your channel and look forward to many more information you can help us out with
This is good and thorough video. Lots of things to consider when moving to Colombia, even for Colombian born-American citizens.
Hold on to your 500 peso coins in certain beach areas to use restroom!
Hey Dylan, I have to tell you that this is one the best videos I've ever seen on preparing to move to Colombia. I've been coming to Colombia a long time and information sources like this were scarce at best. I'm going to reach out to you on Whatsapp and hope we meet in Rio Negro or Medellin one day. Hablo espanol tambien, Again Great Job!
Expat or economic migrant that canoot afford to live in their own country anymore
Hi Dylan. What's your take in Pereira? It seems it's a good alternative to Cuenca, for us older folks better climate, less air pollution and fires than Medellin, which is noisy and crowded.....and isn't Bogotà just like Medellin? Especially if you want to escape places like NYC, but if you come from a mild Canadian climate (besides the winter)?
That is NO HELP, Colombia may tax you 35% or 50% of income because they have a graduated income tax and the USD is worth around $4,000 pesos.
you moved your family to Colombia without realizing you'd need to know Spanish
Thank you for the comment. I met my wife in Medellin. She is a paisa and perfectly fluent in both languages. As someone who was travelled around the world, I have become accustomed to many of the countries having some level of English speaking ability. In Colombia, English levels are extremely low and your daily life requires Spanish speaking ability to survive. -Dylan
I’m a little confused as to the aggregate amount. Let’s say I put $9k this month and spend that all next month and put another$9k in a few months later is that considered going over the limit since it adds up to $18k, but never having over 10k in the account at any one time? Thanks for any clarification you can give me.
Thank you for the comment, First, I advise you to speak to an international tax professional. Based on your example, you do not need to file an FBAR. Please keep in mind, if you have any other foreign financial accounts, you would combine the value of these for FBAR reporting purposes. One thing I advise clients, is to err on the side of caution and file the FBAR if you are unsure if you met the filing requirement. There is no punishment for over reporting, but the consequences of not reporting are very severe. -Dylan
Thank you
What happened to thos channel? Had great wealth of knowledge
I intend to publish some more videos. I am happy to share my knowledge about taxation between Colombia and United States over a free phone call. My number is +1-407-864-2702. I am working with over 100 people right now and I am constantly busy. I will share some updates about taxation between the United States and Colombia shortly. -Dylan
@@quintilonetax I just got I to your videos but saw you haven't had anything since over a year 😔 so figured I'd give a shout! I'm actually looking to hopefully make a move to Colombia within the next year so I will definitely give you a shout soon! Appreciate thx response ☺️
Hi, Dylan. Here's an interesting question: What about a situation of a dual citizen Canadian American who is taxed by the US everywhere, and has his major financial interests and connections in Canada (as a Canadian tax resident), and lives over 183 days in retirement in Colombia?? How does one avoid TRIPLE taxation?? One assumes there is no tax liability as a retired person in Colombia unless one earns money from renting/Airbnb. But if one has business activity in Colombia AND is liable for taxation in the US AND Canada, is that called triple taxation relying on tax treaties??
Tell us about buying or renting a car there.
Great info. Looking to move to Colombia and still work in the US. Is it possible to have a US bank with funds that are accessible in Colombia? Mainly to not have to have a “Colombian” bank account.
Thank you for the comment. Yes, you can use your US bank while residing in Colombia. It’s possible to use any visa or master card debit card at a Colombian ATM and withdraw Colombian pesos. The exchange rate will vary between 3-5% less than the spot rate, but yes it is possible. -Dylan
I loved your video! Will definitely keep you in mind for tax purposes!
As a Colombian who travels there every two years I can testify that it’s very true about legal documents and paperwork. Colombians are very analytical and serious about any legality stuff with everyone not just foreigners. It gets to the point where it feels like a hassle and impossible with the help of a local who can guide you in the process.
Your channel came up in my search for “Canadian” expats 🤔 Anyway, I wish in all your statements about “Wishing” before moving to Colombia, you’d mention more important stuff that could seriously impact anyone, from anywhere in the world who is moving to Colombia, such as: You can’t open a bank account if you are….Some landlords may charge you in US dollar instead of pesos and if you’re not American, it could drill a huge hole in your pocket…Etc, etc. Places pop up in my 24 hour radar, and most of the information I receive from expats travelling to different countries are insignificant general information that any Google search can answer, but important details that aren’t general and may skip someone’s mind to ask or research are never talked about. I know this because after watching videos, searching for answers and so on, we decided to travel from one side of the world to another, thinking that YAY, our insignificant Canadian dollar is going to go far, but only to realize that rent is paid in US dollar, which no one bloody ever mentioned anywhere! I made sure to look up properties in this country, the cost of rent or purchase, in Google, and even FB marketplace and the currency was never in USD until we arrived and boom, the hard reality kicked in. We also realized that foreigners can’t purchase any property, even with the smallest backyard, as it’s considered “Agricultural”. But does any “Expat” ever mentions any of this anywhere? NOPE.
Expatriates? You mean inmigrants?
Buena suerte. I'm a future client.
Awesome video and thanks for the pointers. I will be retiring in seven years and my wife and I will reside in Medellin 4 to 6 months out of the year. She is paísa from Itagüí so it should be easy enough. However, the tax reporting is something I will definitely need help with, if you’re still in business. I’ve logged your company name and contact information so be on the lookout in the next few years. God bless.
Thank you for the comment. Based on staying less than 183 days, you may not be a tax resident. There are other qualifying criteria to declare income in Colombia and we are here when you are ready to talk. Yes, we work with expat clients all throughout Colombia. My WhatsApp is +1 407-864-2702. We are in this for the long haul, so when you are ready to talk about taxes between both countries, we will be here. -Dylan
I am surprised you guys think Colombia is much cheaper. Colombia is very expensive specially when compared with USA You guys will understand the real value at the time of emergency Wake up guys, don’t be superficial about your surroundings. Try mindfulness and use it to help yourself All the best guys
You can get a nice one-bedroom apartment in a major Colombian city for $500 according to my research. It is easily $1500 for a one bedroom in most US cities and often more expensive. Where in the US is it cheaper? I'll move there instead!
How difficult and/or expensive is it to establish legal residency, as a retiree from the US in Colombia? Have you done a video about that?
Leticia is a great place to explore, just bring the mosquito spray.
Thanks great video 🙏
Im moving to Medellin
I hear no mentioning of the political situation since the new President: Petro has taken over.....and how the Venezuelans impact on life in Colombia. I do not know when-what-date you created this video.....$$$finances-taxation-health-care-how-difficult is to open a Bank Account....Rent an apartment??????.....the most important issues to some of us... I would have subscribed to your channel had i obtained what i was searching for....Thanks
This is a channel for Americans who need help filing their tax returns. It isn't a visa channel.
Hi, are digital wallets included to be filed in fbar? It doesnt earn interest
Hi Dylan, I am a green card holder living in the US, I have an amount over the threshold in my Bank account back in the United Kingdom where I am still a citizen. Do I need to file an FBAR? thanks
It sounds like you need to file an FBAR, Yes. -Dylan
Thanks., Great info
Congratulations on this video! I loved it. Welcome to Columbia.
ColOmbia!!!!!!
You definitely have a new subscriber. Thank you for the detailed explanation. Unlike your buddy..😅 I have been aware for the majority of my life that different countries do, in fact, use other denominations of currency. For me, it is understanding the exchange rate as it fluctuates. That is my challenge. Soy ciudadano americano y mi novia es ciudadana colombiana. Ambos esperamos tener pronto la doble ciudadanía. En eso estamos trabajando. Me encanta ver videos sobre Colombia y obtener diferentes perspectivas. Especialmente, cuando se trata de un extranjero del país que habla inglés con fluidez. No me malinterpretes, también me encanta aprender de los lugareños, ¡pero escucharlo de alguien que realmente está viviendo lo que pretendemos vivir es definitivamente una bendición! ¡Muchas gracias por el contenido bellamente articulado! Keep it up, Sir🫡 < I will not take any responsibility for the outcome of Google Translate😂>
I have two brokerage account and I have two bank account in India. I am US tax resident. Do i need to disclose only bank account or all 4 account? Also for filed jointly do I disclose my wife's account as well?
All accounts
Hello Dylan- I moved to Colombia as a retired Texan- bc i knew that SS income was not going to work in the USA- I worked 44 years-went bankruptcy in 2013 - retired in 2020 the I spent covid in Panama the moved to Colombia-so I looked for Shelter.Food, health insurance - and you can have that, but I'm alone and only have to care for myself so far at 70 yrs old - I don't need a wife or a steady girfriend-but I'm not aggresive either, yes the women are beautiful, but the human condition is the same the modern world over- here in Colombia they are on the cell phones all the time too.
Bogota is too cold for me. Is there a happy medium between the capital and Santa Marta?
So this is just information to provide to the US government, and it's not taxed? If I understand correctly?
Yes, you are just letting the irs know you have money. It's not taxed
Hi There, I emigrated to the United States on a spouse visa in October of 2023, shortly after arriving to usa, I closed my foreign accounts, and opened an account in usa, do I still need to file an fbar for the 2023 tax year?
I’m happy to answer your question over a quick phone call, you can reach me directly at 689-257-9400, or WhatsApp +1 407-864-2702. It appears yes, you do need to file FBAR for 2023 if the balances were in excess of the reporting thresholds. -Dylan
Hi there! You seem to explain things good. One question I’ve been having a hard time with is me and my Colombian wife have already been married here in the US but when we go back to Colombia we are trying to figure out if they just recognize our marriage from America or should we just get re married there for purposes of me because I want to gain my Colombian citizenship and if so they seem to want me to prove that I’m not married in order to marry her but we have already been married ..if that makes sense?
Stop saying it's cheap. It is not cheap living in Colombia. The cost of living in Colombia has risen due to inflation. You mentioned the exchange rate. Yes, without it, everything is essentially expensive.