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Child and Dependent Care Tax Credit

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?

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

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

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...

IRS Fact Sheet Outlines 2016 Law Changes

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,...

Fondos de inversión – PFIC

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...

Nueva Campaña Tributaria 2016

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

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

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

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...

NIIT – Net Investment Income Tax

NIIT – Net Investment Income Tax

NIIT - Net Investment Income Tax Effective Jan. 1, 2013, individual taxpayers are liable for a 3.8 percent Net Investment Income Tax on the lesser of their net investment income, or the amount by which their modified adjusted gross income exceeds the statutory...

Fondos de inversión – PFIC

Fondos de inversión – PFIC

Fondos de inversión - PFIC A Passive Foreign Investment Company is any foreign cor­poration that has either: (1) 75% or more of its gross income classified as passive income, or (2) 50% or more of its assets are held for production of passive income. While there are a...

2017 Tax Information Newsletter 01

2017 Tax Information Newsletter 01

Versión en español A New Tax Season 2016 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....

Las claves de acceso a una universidad de los EE.UU.

Las claves de acceso a una universidad de los EE.UU.

Es un placer haceros llegar esta invitación a nuestro taller gratuito ¿CÓMO ACCEDER A LA UNIVERSIDAD AMERICANA?, el 26 de enero 2017, a las 19,00h en la Schiller International University en Madrid. El taller está dirigido a alumnos, sus padres y a la comunidad...

2017 tax filing season begins Jan. 23

2017 tax filing season begins Jan. 23

The Internal Revenue Service announced in December that the nation’s tax season will begin Monday, Jan. 23, 2017 and reminded taxpayers claiming certain tax credits to expect a longer wait for refunds. The IRS will begin accepting electronic tax returns that day, with...

Next Filing Season Will Be Better: Due Dates Have a New Logical Order

Next Filing Season Will Be Better: Due Dates Have a New Logical Order

As practitioners get ready for the 2017 filing season, there is hope that next year will be better. That is because the 2017 filing season will involve new due dates, a result of years of advocacy by the profession. In one of the most significant pieces of tax...

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