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Modelo 714 Wealth Tax and Modelo 718 Solidarity Tax to Great Fortunes.
1. Modelo 714: Wealth Tax Modelo 714 is the Wealth Tax declaration. It taxes the net assets of natural persons residing in Spain. To do this, the value is considered, both in rights and assets, of which the taxpayer is the owner. We must especially consider the...
The tax transparency of US LLCs and the tax regime applicable in Spain.
The Spanish tax treatment of US LLCs classified as pass-through entities: sole proprietorships, partnerships, S-Corps and Trusts, are analogous to entities subject to the Spanish income attribution regime (= atribución de rentas), which is the tax treatment of...
Cities With the Most Tax Day Procrastinators (2024)
For most Americans, filing taxes can be a painstaking process. Considering 42% of Americans say they’d rather endure a dentist appointment than file their taxes, it’s an understatement to say that most people don’t look forward to tax season. This year, tax season...
IRS Backlogs
Why TIGTA Did This Audit Backlogs of tax returns and other types of tax account work resulting from the Coronavirus Disease 2019 Pandemic (Pandemic) have had a significant impact on the IRS and taxpayers. The backlogs continued into Calendar Year (CY) 2023 with...
TESOL SPAIN – Cáceres 2024
TESOL-SPAIN was founded in 1977 as an independent, non-profit making Spanish association of English language teachers. Today TESOL-SPAIN is a nationwide organization with a membership that represents all sectors of English language teaching throughout the country. It...
US Tax Consultants is also a PAE point
The Entrepreneur Service Points (PAE by its initials in Spanish) are responsible for facilitating the creation of new companies, the effective start of their activity and their development, through the provision of information services, documentation processing,...
2024 is the Year to Get Tax Compliant and get the Stimulus Checks
Edited from From 1040Abroad If you’re one of the many Americans who has fallen behind on your taxes, now is the perfect time to get caught up and potentially receive a significant amount of money. It is estimated that 9 to 10 million people who have not yet received...
Taxes in Spain
What types of taxes are there? There are many ways to classify taxes. The most common thing is to make a division that takes into account the type of income or assets that are taxed. They can be separated into two categories: direct and indirect. This is not the only...
Need To Know! Seminar on Fiscal Obligations of U.S. Expats living in Portugal. March 21st, 2024
At Taguspark, on Thursday March 21st, 2024, at 3pm Registration required American Club of Lisbon. Attention all U.S. expats living in Portugal: Your deadline for the 1040 in the U.S is June 15th. Are you aware of your fiscal obligations as an American citizen living...
Need To Know! Seminar on Fiscal Obligations of U.S. Expats living in Portugal. March 20th, 2024
At LACS Conde D’Óbidos, on Wednesday, March 20th, 2024, at 11am. Registration required American Club of Lisbon. Attention all U.S. expats living in Portugal: Your deadline for the 1040 in the U.S is June 15th. Are you aware of your fiscal obligations as an American...
Modelo 030 or the first step to be considered non-resident in Spain
The electronic presentation of the form 030 requires to identify yourself with Cl@ve Móvil or with an electronic certificate of DNI through the option "Extraordinary procedure for presentation of Form 030 - not in person". The model is available in PDF format for...
Non-residents in Spain – Modelo 210
We help you to determine if you are a nonfiscal resident in Spain and how that can affect your tax obligations in Spain and if you must file a Tax Return in Spain, Modelo 210, and how you must report your status to the AEAT – Spanish Tax Authorities. The tax returns...
Modelo 720-721 2024 ES
Modelo 720-721 2024 EN
Child Tax Credit: Which Divorced Parent Gets to Claim It?
Child Tax Credit: Which Divorced Parent Gets to Claim It? If you want to share the Child Tax Credit with your ex-spouse, you'll need to create your own arrangement. Income taxes might not be at the top of your to-do list after a divorce, but the complications of the...
Child Tax Credit 2024
How Much You Could Get and Who's Eligible If you have children, this credit has been providing a nice boost for your family during tax season. If you have any children under the age of 17, including any born during 2023, you could be eligible for the child tax credit....
Modelo 720 and 721. Assets abroad.
The filing period for submitting Modelo 720 “informative declaration on assets and rights located abroad” for fiscal year 2023 is from January 1 to March 31, 2024. Modelo 721 for cryptos has the same filing period. Modelo 720 for assets abroad Taxpayers must report on...
Accidental Americans in 2024
An Accidental American is someone whom US law deems to be an American citizen, but who has only a tenuous connection with that country. American nationality law provides that anyone born on US territory is a US citizen, including those who leave as infants or young...
Patrimonial company in Spain
What is a patrimonial company? Its purposes. It is one that is not dedicated to developing economic activities as its main activity, but to the administration of assets, generally composed of securities or real estate. It is defined in article 5, section 2, of the...
Avoid a surprise next year; review tax withholding now before time runs out.
With 2023 rapidly coming to a close, the Internal Revenue Service today encouraged taxpayers to review their tax withholding as soon as possible to avoid a potential surprise when they file their tax return next year. Although it's best for taxpayers to verify...
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