+34 915 194 392 | Fax +34 915 196 566 | Spain & Portugal info@ustaxconsultants.net

Rules for Claiming the Child Tax Credit

Rules for Claiming the Child Tax Credit Here’s some good news for parents of children under age of 17: they’ll save you money at tax time. The Child Tax Credit, which can be worth as much as $1,000 per qualifying child depending upon a parent’s income, was made...

Do I need to file Form 8938?

Do I need to file Form 8938, “Statement of Specified Foreign Financial Assets”? Certain U.S. taxpayers holding specified foreign financial assets with an aggregate value exceeding $50,000 will report information about those assets on new Form 8938, which must be...