Tax residency and the Treaty between Spain and the USA to avoid the double taxation. Totalization agreement between both Social Securities, and the Status of Forces Agreement. TCJA – Tax Cuts and Jobs Act of 2017. Trump’s Fiscal reform applied to individuals. Recovery Rebate Credit. Form 1040: Worldwide income, possible deductions, and exclusions. FBAR and FATCA implications on your reporting. FinCEN 114 report of financial accounts outside the U.S.A.
U.S. Citizens taxation in Spain for IRPF (fiscal resident) and IRNR (no-fiscal residents). New tax breaks for next year. Beckham Law. Modelo 720 report of foreign assets. and cryptocurrencies. Penalties for not filing and the automatic exchange of information between the IRS and the AEAT. Why you should use the same Tax preparer for both the Spanish and the U.S. tax returns.