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The end of the obligation for “Autonomos” to declare IVA (VAT) every three months is approaching.
The end of the obligation for the self-employed to declare VAT every quarter is approaching. The Spanish Ministry of Finance is already working with self-employed associations on a text to transpose European Directive 2020/285, which came into force on February 18,...
Maximize Benefits, Minimize Penalties
Unlock the art of tax compliance with finesse. 'Maximize Benefits, Minimize Penalties' is not just a motto; it's a commitment. Our streamlined approach is designed to safeguard your financial integrity while maximizing your returns. We understand that navigating the...
What to Expect from the IRS Refunds This Year
The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it’s possible your tax return may require additional review and take longer. If Your Refund Isn’t What You Expected If your refund amount isn’t what you expected, it may be due to changes we...
FBAR (FinCEN 114) vs Form 8938
The Form 8938 filing requirement does not replace or otherwise affect a taxpayer’s obligation to file FinCEN Form 114 (Report of Foreign Bank and Financial Accounts). Unlike Form 8938, the FBAR (FinCEN Form 114) is not filed with the IRS. It must be filed directly...
U.S. Tax Amnesty: Last year to claim the 2020 and 2021 Stimulus Checks, a total of $3,200!
As U.S. Citizen or Green Card Holder, you have the obligation to declare in the United States, worldwide income regardless of your tax residence, the source of income, or the volume of income. The consequences of failing to comply with this obligation are dangerous since it would be incurring in a federal tax crime.
IRS moves forward with a new free-file tax return system, supporters and critics mobilize.
IRS moves forward with a new free-file tax return system, supporters and critics mobilize
The AEAT and the Treaty to Avoid the Double Taxation with the U.S. in front of the Spanish Supreme Court.
The Supreme Court reprimands the Spanish Tax Agency (AEAT) for skipping double taxation agreements. It points out that what these agreements establish prevails over national legislation. The Supreme Court puts the Tax Administration in its place for unilaterally...
TIGTA report recommends the IRS stricter requirements implementing FATCA
An investigation has shown that the IRS has fallen far short of its goals in implementing the FATCA legislation. With stricter requirements, the department hopes to detect non-compliance more quickly by U.S. Citizens living and working abroad. The U.S. Tax system,...
What do I have to send you, so you can prepare my taxes? / ¿Qué tengo que hacer ahora si decido que US Tax Consultants prepare mis impuestos?
What do I have to send you, so you can prepare my taxes? En español a continuación Thank you for choosing/trusting us; it is our pleasure to work with you. Consider which service you need and click the one that meets your tax needs. We need you to send us the required...
Training at US Tax Consultants
Training and updating for continuous improvement at US Tax Consultants. Two weekly team training sessions at US Tax Consultants. Being updated on tax regulatory changes is a necessity to maintain a priority objective for our company: the level of quality of our...
Treaties on taxation and SS between the U.S.A. and Spain.
All U.S. and Spanish Treaties to Avoid Double Taxation What is all about treaties or other agreements that regulate taxation. In this document we have tried to gather all the treaties and agreements that Spain has signed with different countries or entities that may...
Everything you need to know about the U.S. Tax Law
Overview The origins of the US tax laws begin with the Sixteenth Amendment of the United States Constitution. Historically, the U.S. government had relied on tariffs as a source of revenue since the country saw income taxes as controversial at that time. Congress had...
Form 1040 deadlines for 2023
Form 1040 deadlines for 2023. The Internal Revenue Service announced on January 23, 2023, the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax year returns. More than 168 million individual tax returns are expected...
NTK Seminar on Fiscal Obligations for U.S. Expats in Spain
Attention all U.S. expats living in Spain! Are you aware of your fiscal obligations as an American citizen living abroad? Join us on Tuesday, March 28th at 6:30 PM for an informative and eye-opening event on the Fiscal Obligations of U.S. Expats in Spain. Our expert...
The Spanish Tax Agency (AEAT) and the false Non-Fiscal Residents.
The Spanish Tax Agency (AEAT), in its press release last week, ratifies its intention to promote this year control over citizens residing in Spain who declare their income through the Non-Resident Income Tax, the IRNR (Model 210), with the intention of artificially...
EU Commision on VAT (IVA) for vacational rentals
VAT on vacation rentals, mandatory from 2025? The professionalization of the holiday rental sector in Spain is progressing at full speed, with all that this implies, both positive and negative. In one hand, it is worth noting the increasing quality of the offer,...
Do you need to file a federal tax return? Form 1040
Depending on how much income you got during 2022, you might or might not have to file Form 1040, the U.S. federal income tax. Remember that if you are an expat in Spain, you will probably end paying taxes only in Spain, but that does not exempt you to file the U.S....
FinCEN 114 for spouses & children. Delinquent filers and Penalties
Who Must File the FBAR? A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year. A...
Understanding the difference between standard and itemized deductions
One of the first decisions taxpayers must make when completing a tax return is whether to take the standard deduction or itemize their deductions. There are several factors that can influence a taxpayer’s choice, including changes to their tax situation, any changes...
Taxpayers should hang up if tax season scammers come calling.
The tax filing season is a popular time for scammers to call and try to dupe unsuspecting taxpayers. These thieves often make threatening or alarming calls posing as the IRS to try to steal taxpayer money or personal information. However, it’s easy for people to...
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