fbpx

Our blog

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...

Maximize Benefits, Minimize Penalties

Maximize Benefits, Minimize Penalties

Unlock the art of tax compliance with finesse. 'Maximize Benefits, Minimize Penalties' is not just a motto; it's a commitment. Our streamlined approach is designed to safeguard your financial integrity while maximizing your returns. We understand that navigating the...

What to Expect from the IRS Refunds This Year

What to Expect from the IRS Refunds This Year

The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it’s possible your tax return may require additional review and take longer. If Your Refund Isn’t What You Expected If your refund amount isn’t what you expected, it may be due to changes we...

FBAR (FinCEN 114) vs Form 8938

FBAR (FinCEN 114) vs Form 8938

The Form 8938 filing requirement does not replace or otherwise affect a taxpayer’s obligation to file FinCEN Form 114 (Report of Foreign Bank and Financial Accounts). Unlike Form 8938, the FBAR (FinCEN Form 114) is not filed with the IRS. It must be filed directly...

Subscribe to
our Newsletter