Well, it depends, the Model 720 must be re–submitted only if: Any of the assets declared in the last Modelo 720 has been cancelled at any time in the year 2024. There is an increase in aggregate amount established for each block of information (bank accounts,...
Form 1040 is the standard federal income tax form that individuals use to report their income to the IRS. All U.S. persons (US Citizens, GreenCard Holder and Resident Aliens) are required to file a Form 1040 annually, regardless of their income source, the country...
Passive Foreign Investment Company (PFIC) A foreign entity/form of investment is a PFIC if it meets either the income or asset test described below. Income test. 75% or more of the corporation’s gross income for its taxable year is passive income (as defined in...
An investigation has shown that the IRS has fallen far short of its goals in implementing the FATCA legislation. With stricter requirements, the department hopes to detect non-compliance more quickly by U.S. Citizens living and working abroad. The U.S. Tax system,...
What do I have to send you, so you can prepare my taxes? En español a continuación Thank you for choosing/trusting us; it is our pleasure to work with you. Consider which service you need and click the one that meets your tax needs. We need you to send us the required...
Recent Comments