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Las cuentas más opacas de Suiza empiezan a huir a Estados Unidos
Los clientes que más necesitan extremar la confidencialidad han comenzado a sacar millones de euros de las arcas de los grandes bancos suizos para refugiarse en destinos más permisivos, como la primera economía mundial. Mientras la Asociación de Banqueros Suizos (SBA...
“Day Sessions” to inform about the fiscal situation for US Citizens residents in Spain.
The meetings will be held in March 2016 in Madrid, Málaga and Barcelona. December 2015.- The purpose of US Tax Consultants is to promote the well-being of US Citizens in Spain providing information and resources such Spanish fiscal obligations, individual fund...
FBAR -FinCEN 114- filing date changed
The FBAR form filing date will be aligned with annual income tax filing deadline of April 15 starting in tax year 2016. On July 31, 2015, President Obama signed a three-month highway funding extension bill called “The Surface Transportation and Veterans Health Care...
Why Americans Should Never, Ever Own Shares in a Non-US Mutual Fund
Why Americans Should Never, Ever Own Shares in a Non-US Mutual Fund 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...
IRS Reminds Those with Foreign Assets of U.S. Tax Obligations
WASHINGTON — The Internal Revenue Service today reminded U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2014, that they may have a U.S. tax liability and a filing requirement in 2015....
Sanciones por el modelo 720 de la AEAT
La Comisión Europea no está de acuerdo con el régimen sancionador del modelo 720, y va a iniciar un procedimiento de infracción contra España... El régimen sancionador que existe por dejar de presentar la “Declaración de bienes en el extranjero” (modelo 720) es mucho...
The IRS Gives U.S. Expats a Breather on 2015 Deadline
Everyone knows the infamous April 15th deadline for US calendar year taxpayers. Failure to pay and file by this deadline can result in filing and payment penalties. But if you are a US citizen or resident alien that resides in a foreign country on the April 15th due...
IRS Gives Expats Double-Whammy On Filing Taxes
If you are one of the millions of expat Americans filing taxes in 2015, expect more complications, given two announcements recently made by the IRS. The Foreign Account Tax Compliance Act has gone live with its International Data Exchange Service sending its first...
The U.S. Exit Tax & Renouncing Citizenship
If you renounce your US Citizenship you must face the “Exit tax”, It is probably one of the most misunderstood U.S. tax on individuals—the “Exit Tax” Americans have to pay when they give up their U.S. citizenship. In the past, the U.S. Exit Tax was imposed on an...
FATCA in Gibraltar –The End Of The Beginning Or The Beginning Of The End?
With apologies to Winston Churchill, however the financial landscape in terms of financial disclosure and the reporting of overseas assets has been turned on its head. Throughout 2013 tax authorities across the world have been falling over themselves to sign up to new...
IRS Makes Changes to Offshore Programs
The current Offshore Voluntary Disclosure Program was launched in 2012 and is the successor to prior voluntary programs offered in 2011 and 2009. Since the launch of the first program, more than 45,000 taxpayers have come into compliance voluntarily, paying about $6.5...
Publicado el Acuerdo entre España y los EEUU para la mejora del cumplimiento fiscal internacional y la implementación de la FATCA
En el BOE del 1 de julio de 2014, se ha publicado el Acuerdo entre el Reino de España los Estados Unidos de América para la mejora del cumplimiento fiscal internacional y la implementación de la Foreign Account Tax Compliance Act - FATCA (Ley de cumplimiento...
“Why I’m Giving Up My Passport “
Worth reading this article from the NYT, written Jonathan Tepper... with all expats’ arguments and complaints that I have heard during the last cople of years. LONDON — The mayor of London, Boris Johnson, who was born in New York and holds both American and British...
June 30, 2015: Deadline for disclosing US pensions without incurring penalties
If you know of any Spaniards or Americans living in Spain who receive a pension from the United States, whether public or private, or social security benefits which have not been declared annually on the Spanish Income Tax (IRPF), suggest that they file an amended...
US Taxes for 2014, the compromise: ATRA of 2012
On January 2, 2013 President Barack Obama signed into law the American Taxpayer Relief Act of 2012 (ATRA). Passage of this Act averted the so-called “fiscal cliff” and made “permanent” changes to the tax code. As with all Congressional legislation, however, no change...
Si cotizas como autónomo, por ser socio de una SL…
Si eres socio o administrador de una empresa, cotizas como autónomo y desarrollas para ésta una actividad profesional, a partir de 2015 deberás empezar a facturar... en vez de como hasta ahora en que la empresa te entregaba mensualmente una nómina, y al final del año...
Regularice la pensión que recibe de Estados Unidos, hasta el 30 de junio de 2015.
Si conoce algún español o estadounidense, residente en España, que perciba una pensión de Estados Unidos, ya sea pública, privada o de la Seguridad Social y que no la haya declarado anualmente en su IRPF, infórmele que podrá presentar una declaración complementaria...
FATCA’s Bleak Choices for Accounts, Income, Disclosure
By Robert W Wood - FORBES Is any offshore income, account or trust still secret? The only safe assumption is no. And contrary to public opinion, it is not merely a prospective problem. Many equate the question solely to FATCA, the pervasive U.S. law enacted in 2010...
10 Facts about FATCA, America’s Manifest Destiny Law Changing Banking Worldwide
By Robert W Wood - FORBES Never heard of FATCA? You will. FATCA—the Foreign Account Tax Compliance Act—is America’s global tax law. It was quietly enacted in 2010, and after a four-year ramp up, it’s finally in effect. What is most amazing is not its impact on...
What To Say When (Not If) Your Offshore Bank Asks, ‘Are You Compliant With IRS?’
More than 7 million Americans live abroad, and most have bank accounts there. Many other Americans have overseas bank accounts too. Most are receiving letters from their banks about their American status. Please provide your U.S. tax ID and verify that you are fully...
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