By Andreas Kluth at Bloomberg. August 26, 2022 Andreas Kluth is a Bloomberg Opinion columnist covering European politics. A former editor in chief of Handelsblatt Global and a writer for the Economist, he is author of “Hannibal and Me” The US Supreme Court has lately...
All those who live abroad may also be required to pay taxes in Spain: in addition to foreigners who may be owners of a property, we also have almost three million Spaniards who reside abroad. As a general rule individuals pay taxes in the country they have their...
We have selected six need-to-know tax issues for U.S. expats to keep in mind before preparing U.S. Tax returns: Mutual Funds, U.S. Bank Account, CTC, Tax Preparation, Streamline Procedure and how to pay the IRS Mutual Funds outside the U.S. (PFICs) All US Citizens...
Despite making progress in cutting its backlog, the Internal Revenue Service still facing more than 10 million unprocessed returns, and its correspondent refunds. As of July 29, the agency had 10.2 million unprocessed individual tax year 2021 returns. Of these, 1.8...
“Gold is money. Everything else is credit. J.P. Morgan An American or IRS defined ¨US Person¨ living, working, or investing outside the United States is subject to a multitude of IRS reporting demands. The US Internal Revenue Service wants to know exactly what assets...
All U.S. Citizen are required to file a U.S. Individual Tax Return every year, wherever in the world you live, reporting your worldwide income, even if you pay taxes in Spain. You must file the Form 1040 (Federal Income Tax), if your gross income is at least $5...
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