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Americans Should Avoid Non-US Mutual Funds
If you are a U.S. citizen or a U.S. permanent resident who has been living and working outside the U.S. and investing your savings through a non-US financial institution, you need to learn what a Passive Foreign Investment Company is very quickly. Why? Because...
Llega el CRS, un FATCA golbalizado
Los recaudadores de impuestos alrededor del mundo están endureciendo sus controles a la banca para combatir la evasión fiscal y el lavado de dinero. Centroamérica ya está bajo esos reflectores. La Ley de cumplimiento tributario de cuentas extranjeras (FATCA, por sus...
The last “Need to Know Seminar” of the season with the ACM American Club of Madrid
Investments as an American Abroad: What would you need to know to build a secure financial future while staying in compliance with the IRS. June 22nd – Thursday 19:00-20:30 Venue at Sagardoy Abogados c/Tutor, 24 – Madrid Do´s and don´ts when investing as an American...
US passport and citizenship services abroad-Meet the new Consul for American Citizen Services.
Need to Know Seminars of the American Club of Madrid US passport and citizenship services abroad-Meet the new Consul for American Citizen Services. May 26th – Friday 15:00 Venue Schiller International University (Calle de Joaquín Costa, 20 Velazques Room, Madrid...
“Need to Know Seminars” with the ACM American Club of Madrid
TAXES! Spanish and U.S. fiscal obligations of Americans Residing in Spain. April 27th – Thursday 19:00 Sagardoy Abogados (c/Tutor, 24 - Madrid) Everything you need to know about taxes in Spain and in the U.S.A. for your tax returns 2016: Form 1040: Worldwide income,...
Streamlined Filing Compliance Procedure for delinquent filers
Al final en español. The IRS streamlined filing compliance procedure describe below is available to taxpayers certifying that their failure to report foreign financial assets and pay all tax due in respect of those assets did not result from willful conduct on their...
Child and Dependent Care Tax Credit
It can be very interesting not to overlook the Child and Dependent Care Tax Credit. Eligible taxpayers may be able claim it if they paid for someone to care for a child, dependent or spouse last year. Taxpayers can use the IRS Interactive Tax Assistant tool, Am I...
Do You Have to File the 1040 U.S. Individual Tax return?
You must file a return if you are over the threshold described in the following paragraphs. Even if you do not otherwise have to file a return, you should file one to get a refund of any federal income tax withheld. You should also file if you are eligible for the...
I.R.S. clarifies non-US citizen filing requirements – 1040NR
The US Internal Revenue Service (IRS) has reminded non-US citizens who may have taxable income, such as international students and scholars who may be working or receiving scholarship funds, that they may have special requirements to file a US tax return, and that...
Bruselas exige a la AEAT 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...
Four Things to Know About the Child Tax Credit
The Child Tax Credit is a tax credit that may save taxpayers up to $1,000 for each eligible qualifying child. Taxpayers should make sure they qualify before they claim it. Here are four facts from the IRS on the Child Tax Credit: Qualifications. For the Child Tax...
Actualización del IRS sobre la revocación de pasaportes. Impuestos americanos
El IRS ha publicado recientemente una exención de responsabilidad en su página web sobre la revocación de pasaportes de EE.UU. en virtud de la Disposición de Revocación de Pasaportes a los ciudadanos con grandes deudas en impuestos americanos. El IRS aún no ha...
IRS Fact Sheet Outlines 2016 Law Changes
The IRS has released a fact sheet (FS-2017-1) highlighting 2016 tax law changes, including the temporary hold on refunds on returns claiming the earned income or additional child tax credit, the renewal of taxpayer identification numbers, tax-free Olympian prizes,...
NIIT – Impuesto sobre el Ingreso neto de Inversiones. Impuestos americanos
English version Con efectos desde el 1 de enero de 2013, los contribuyentes personas físicas deben tributar un 3,8 por ciento en concepto del Impuesto americano sobre el Ingreso neto de Inversiones sobre el importe menor entre: ingresos netos de inversiones o la...
Fondos de inversión – PFIC
English version Una Compañía de Inversión Extranjera Pasiva es una sociedad extranjera en la que concurre alguna de las siguientes circunstancias: (1) el 75% o más de sus rendimientos brutos son considerados como ingresos pasivos, o bien (2) el 50% o más de sus...
Modelo 720 –Bienes situados en el extranjero. Impuestos residentes en España
English version Modelo 720 de la AEAT: declaración informativa sobre todos los bienes en el extranjero. Este modelo debe ser presentado por todos los residentes en España que sean titulares de bienes en el extranjero, pero solo si superan los límites que se indican a...
Nueva Campaña Tributaria 2016
English version US Tax Consultants, anteriormente denominada SYNCORDIA, tiene el placer de anunciarles que hemos comenzado a preparar la campaña de la declaración de los Impuestos Federales de la Renta de las Personas Físicas y de Sociedades de EE. UU. del ejercicio...
2017 Información Tributaria Newsletter 01
English version Nueva Campaña Tributaria 2016 US Tax Consultants, anteriormente denominada SYNCORDIA, tiene el placer de anunciarles que hemos comenzado a preparar la campaña de la declaración de los Impuestos Federales de la Renta de las Personas Físicas y de...
A New Tax Season 2016
En español al final US Tax Consultants, the former SYNCORDIA, is pleased to announce that we have begun to prepare the Individual and Corporate Federal and State U.S. Tax Returns for 2016, as well as the Spanish returns. As you know, all U.S. persons (U.S. Citizens...
Modelo 720 – Assets outside Spain
Modelo 720 - Assets outside Spain Form 720 of the Spanish Tax Authorities: Report of all assets abroad. This form must be filed by all Spanish Residents owning assets abroad, only if they are over the limits described below. It is required to file this form every year...
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