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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...

Modelo 030 or the first step to be considered non-resident in Spain

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

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...

Child Tax Credit: Which Divorced Parent Gets to Claim It?

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

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.

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

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

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...

Willing to lose $3,200? IRS Streamlined Foreign Offshore Procedure

Willing to lose $3,200? IRS Streamlined Foreign Offshore Procedure

If you are a U.S. Citizen and you have not filed your 2020 and 2021 Tax returns, you are doing so! Next April 15 will be the deadline for the Streamline Foreign Offshore Procedure or Tax Amnesty which has four indisputable advantages: VIDEO. You can regularize your...

US Tax Consultants: Most Trusted Accounting Firm in 2023

US Tax Consultants: Most Trusted Accounting Firm in 2023

US Tax Consultants and its CEO Antonio Rodríguez have starred on the cover of the magazine specialized in the business world “The Enterprise World”. The reason is having been chosen by the prestigious magazine as Most Trusted Accounting Firm in 2023 Review of the...

Large Fortunes Tax in Spain. Is it constitutional?

Large Fortunes Tax in Spain. Is it constitutional?

The Temporary Solidarity Tax on Large Fortunes (called the “Large Fortunes Tax”), since its creation, raised doubts about its constitutionality and was susceptible to being challenged by the bodies authorized to do so. Now, after 5 unconstitutionality appeals, the...

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