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IRS Announces End of Offshore Voluntary Disclosure Program – El IRS anuncia el final del programa de amnistía tributaria para ciudadanos americanos
IRS Announces End of Offshore Voluntary Disclosure Program En español a continuación The Internal Revenue Service announced on March 13th that it will begin to ramp down the 2014 Offshore Voluntary Disclosure Program (OVDP) and close the program on Sept. 28, 2018. By...
Guide to College Tuition Tax Breaks for 2018
During the tax reform process, there were several proposals that called for modifying or eliminating certain education tax breaks. Fortunately for American college students and their families, most of the major tuition tax breaks are still in place for the 2018 tax...
Are you a U.S. Citizen or Green Card holder?
All Americans are required to file annually the U.S. Individual Tax Return, wherever in the world they live. Here’s what US expats need to know about filing US taxes from abroad. Expats have an automatic filing extension until June 15th, with a further extension...
Bring-A-Friend – Get Rewarded!
If you enjoyed working with us and have just 10 seconds to spare, we’d love to offer you a 10% off prep services. What’s the Catch? There isn’t one! Based on the feedback from customer like you, we’ve made a change to our Refer-A-Friend program. A gift card is nice,...
ACM “Need to Know Seminars” Spanish and U.S. fiscal obligations of U.S. citizens residing in Spain. MADRID
April 26th – Thursday 19:00 at Sagardoy Abogados (c/Tutor, 24 - Madrid) American Club of Madrid (ACM) NEED TO KNOW SEMINAR. Everything you need to know about taxes in Spain and in the U.S.A. for your tax returns 2017 for US citizen’s residents in Spain. Form 1040:...
ACM “Need to Know Seminars” Spanish and U.S. fiscal obligations of U.S. citizens residing in Spain. SEVILLA
March 15th – Thursday 18:00 at Centro Cívico Torre del Agua (Plaza Vicente Aleixandre - 41013 Sevilla) Everything you need to know about taxes in Spain and in the U.S.A. for your tax returns 2017 for US citizen’s residents in Spain. Form 1040: Worldwide income,...
ACM “Need to Know Seminar” U.S. Passports, renewals, VISAs in Spain
March 7th - Wednesday 19:00 at Sagardoy Abogados (c/Tutor, 24 - Madrid) American Club of Madrid (ACM) NEED TO KNOW SEMINAR. You need to know about the recent changes in the new requirements/options for passport renewal, and the requirements/procedure for reporting...
ACM “Need to Know Seminar” Modelo 720 – Report of Assets Abroad
Date and Time: Thu, February 8, 2018 - 7:00 PM – 8:30 PM Location: Sagardoy Abogados - Calle Tutor, 27 28008 Madrid Report of all assets abroad. This form must be filed by all Spanish residents owning assets abroad. It is required to file this form every year before...
What to expect from the IRS during the government shutdown
The shutdown started nine days before the Jan. 29 scheduled start of tax season, and it is unclear how tax season will be affected. During the last federal government shutdown, in 2013, the IRS continued to process e-filed tax returns and paper returns that contained...
Modelo 720: Este año toca regularizar
Son muchísimas las personas residentes en España, españoles y extranjeros, que se encuentran verdaderamente aterrorizadas porque tenían bienes en el extranjero (cuentas, valores o inmuebles) con valor superior a 50.000€ y no informaron sobre los mismos a la Hacienda...
2018 Tax Filing Season Begins Jan. 29, Tax Returns Due April 17
The Internal Revenue Service has announced that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February. The IRS will begin accepting tax returns on Jan. 29, with...
Bruselas exige a Hacienda que cambie el Modelo 720
Mensaje contundente. La Comisión Europea cree que las multas impuestas por Hacienda a quienes no declaran correctamente sus activos en el extranjero son "desproporcionadas", "discriminatorias" y "están en conflicto con las libertades fundamentales de la UE", por lo...
Common IRS Red Flags
Every year, millions of taxpayers receive correspondence from the IRS after submitting their tax return. Although some notices are sent at random to ensure taxpayer compliance with tax code, many of these letters can be anticipated by the tax professional. One of the...
Final version of Trump’s tax reform bill released
Republicans released the final version of their tax reform package on Friday. The bill aims to overhaul the tax code and ease the tax burden on Americans and businesses. Congress is on pace to have the bill on President Donald Trump’s desk for approval sometime next...
Senate approves the tax cuts suggested by Trump
The U.S. Senate narrowly approved a tax overhaul on Saturday, moving Republicans and President Donald Trump a big step closer to their goal of slashing taxes for businesses and the rich while offering everyday Americans a mixed bag of changes. In what would be the...
Self-Employment Reform’s Law has been published – Autonomos in Spain.
After several months of waiting, the Head of State published last month in the BOE the Law 6/2017, of October 24, of Urgent Reforms of Autonomous Work (self-employment.) Measures that come into force the day after publication in the BOE. 100% bonus for self-employed...
10 Million Taxpayers Face an Estimated Tax Penalty Each Year; Act Now to Reduce or Eliminate It
Have you assessed an estimated tax penalty for tax year 2016? You still have time to reduce or eliminate the penalty for 2017 and future years. To help raise awareness about the growing number of estimated tax penalties, the IRS has launched a new “Pay as You Go, So...
IRS Statement on 2018 Filing Season Start Date
The IRS has not yet announced a date that it will begin accepting individual tax returns for the 2018 tax filing season. At the present time, the IRS is continuing to update its programming and processing systems for 2018. In addition, the IRS continues to closely...
El final del secreto bancario en Andorra dispara las regularizaciones
Los bancos informarán a Hacienda del titular de las cuentas a partir del 2017 La aprobación definitiva la semana pasada por parte del Gobierno de Andorra del final del secreto bancario en el Principado pirenaico ha disparado las regularizaciones fiscales que se...
Six Charts That Help Explain the Republican Tax Plan
The Trump administration on Wednesday released a broad outline of a plan to make major changes to the tax code. Many important details were left for Congress to hash out, including how to pay for the tax cuts and which deductions to eliminate. Some key elements of the...
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