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NTK Seminar on Fiscal Obligations for U.S. Expats in Spain

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) 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

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

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

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

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.

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...

Start the new year off by reviewing the Taxpayer Bill of Rights

Start the new year off by reviewing the Taxpayer Bill of Rights

By law, all taxpayers have fundamental rights when they're interacting with the IRS. These rights apply all year, not just during the filing season. However, knowing and understand these rights may help taxpayers resolve any filing season questions with confidence....

2022 Annual Report of the National Taxpayer Advocate.

2022 Annual Report of the National Taxpayer Advocate.

National Taxpayer Advocate delivers Annual Report to Congress focused on taxpayer impact of processing and refund delays. WASHINGTON — National Taxpayer Advocate Erin M. Collins today released her 2022 Annual Report to Congress, saying taxpayers and tax professionals...

The new tax season arrived for Form 1040 and FinCEN 114.

The new tax season arrived for Form 1040 and FinCEN 114.

The new tax season arrived. Form 1040 and FinCEN 114. The IRS set Monday, Jan. 23, as the beginning of the nation’s 2023 tax season, when the agency will begin accepting and processing 2022 tax year returns. With the three previous tax seasons dramatically impacted by...

When Would You Get Your Refund in 2023?

When Would You Get Your Refund in 2023?

Isaac M. O'Bannon – CPA Practice Advisor It’s still a bit too early to think about it, but in case you are wondering, here’s our annual chart for the #1 question we get every year: “When will I get my tax refund?” The answer is never exact, but we are able to make...

Solidarity Tax on Large Fortunes. Wealth Tax in Spain

Solidarity Tax on Large Fortunes. Wealth Tax in Spain

Last September 22, Ministry of Finance announced that the Government has reached an agreement for the creation of a new tax. The tax on large fortunes, or tax on the rich, will be levied on taxpayers with more than three million euros, some 23.000 people, under the...

State Taxes and Residency for expats

State Taxes and Residency for expats

Regardless of where you reside, U.S. citizens and green-card holders living outside the United States are subject to U.S. income tax on their worldwide income. However, you might not realize that you're still considered a resident of your home state and are subject to...

Who is not required to declare U.S. taxes in 2023?

Who is not required to declare U.S. taxes in 2023?

The IRS’ standard deduction thresholds have been upped for 2023, meaning that you may no longer be eligible to pay federal income tax on your earnings. As we approach the end of the year, some will already be looking ahead to 2023 and the upcoming tax season in the...

If you are “Autonom@” these are the dates you must have noted

If you are “Autonom@” these are the dates you must have noted

  On January 1st, the new contribution system for the self-employed in Spain will come into force. From that moment on, a system of fifteen stretches will be progressively deployed (for 3 years) that determines the contribution bases and quotas based on the net income...

Tax Changes for 2022 will reduce some of the refunds.

Tax Changes for 2022 will reduce some of the refunds.

After another year of tax law changes, there are significant updates for the 2022 season, with the possibility of a smaller refund or bigger bill for many taxpayers, experts say. With many everybody facing reduced tax breaks, it’s important to be proactive...

How to access to “Your Account Online” of the IRS

How to access to “Your Account Online” of the IRS

Welcome to today's webinar, Accessing IRS Online Services: Understanding the Identity Verification Process. We're glad you're joining us today. My name is Veronica Tubman, and I am a Senior Stakeholder Liaison with the Internal Revenue Service. And I have the pleasure...

Cómo acceder a “Your Account Online” del IRS

Cómo acceder a “Your Account Online” del IRS

Bienvenidos y gracias por unirse con nosotros para el webinar de hoy. Acceder a los servicios en línea del IRS: Entender el proceso de verificación de identidad. En esta presentación aprenderá cómo hemos mejorado el acceso a muchos servicios en línea del IRS. También...

HOW TO CONTACT / CÓMO PONERSE EN CONTACTO CON U.S. Tax Consultants

HOW TO CONTACT / CÓMO PONERSE EN CONTACTO CON U.S. Tax Consultants

A continuación en español HOW TO CONTACT U.S. Tax Consultants IMPROVING THE COMMUNICATION WITH OUR CLIENTS  Phone, email, and appointments for online consultations/questions The way we work, where we work, and how we work have fundamentally changed over the past...

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