Tax library

U.S. tax, explained from Chile.

Sourced guides on the questions we hear most from people with a life in both countries. Every guide links to the IRS, FinCEN or SII and is reviewed on the date shown.

Start here

Accounts, pensions and investments

AFP, APV and the FBAR: reporting Chilean pensions and savings

Is your AFP a foreign account? How U.S. taxpayers in Chile report AFP, APV, cuenta 2, CuentaRUT and fondos mutuos on the FBAR, Form 8938 and Form 8621.

Filing from Chile

Foreign tax credit or exclusion: choosing for Chilean income

Living in Chile, should you use the foreign tax credit (Form 1116) or the foreign earned income exclusion (Form 2555)? How Chilean tax rates, children and the child tax credit change the answer.

Companies and business owners

Form 5471 for a Chilean SpA or Ltda

If you are a U.S. citizen or green card holder and own or run a Chilean company, Form 5471 is probably part of your U.S. return. Who files, what it reports, and the $10,000 penalty.

Living in Chile

Living in Chile with U.S. tax ties: a 2026 guide

A practical 2026 guide for U.S. citizens and green card holders moving to or living in Chile: residency and visas, where people settle, healthcare, money, the RUT, and how the U.S. and Chilean tax systems fit together.

Property, gifts and inheritance

U.S. property owned from Chile: rent, sale and the $60,000 estate tax threshold

A Chilean resident who owns a U.S. home, rental or U.S. shares can face U.S. estate tax above $60,000. How rent, sales and inheritances are taxed, and what changes for U.S. citizens with a $15 million exemption.