How Much You Could Get and Who’s Eligible If you have children, this credit has been providing a nice boost for your family during tax season. If you have any children under the age of 17, including any born during 2023, you could be eligible for the child tax...
What is a patrimonial company? Its purposes. It is one that is not dedicated to developing economic activities as its main activity, but to the administration of assets, generally composed of securities or real estate. It is defined in article 5, section 2, of the...
Many Americans living overseas are required to file a Foreign Bank Account Report (FBAR). Not everyone is aware of this, however, leading to unintentional violations. Here’s an overview of the topic to help you avoid any FBAR penalties. Taxpayers who hold foreign...
The end of the obligation for the self-employed to declare VAT every quarter is approaching. The Spanish Ministry of Finance is already working with self-employed associations on a text to transpose European Directive 2020/285, which came into force on February 18,...
STREAMLINED FOREIGN OFFSHORE PROCEDURE As U.S. Citizen or Green Card Holder, you have the obligation to declare in the United States, worldwide income regardless of your tax residence, the source of income, or the volume of income. The consequences of failing to...
By Fatima Hussein, Associated Press An IRS plan to test drive a new electronic free-file tax return system next year has got supporters and critics of the idea mobilizing to sway the public and Congress over whether the government should set up a permanent program to...
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