FEES & DESCRIPTION

Our Accountants, Tax Preparer Professionals and Lawyers would be happy to answer any questions you may have or advise you on tax planning strategies. Set up an Appointment Online or by phone. The first consultation will be free.

The fee is for the current year Individual Federal Tax Return which includes the following Form 1040, with Forms 2555, 1116, Sch 1, Sch 2, Sch 3, Sch. A, Sch. B, Sch. C, Sch. D, Sch. E, Sch K-1′s, and all Bank Interest/Dividend entries, and all brokerage transactions. We do include Form 8938, if we have prepared the FBAR (FinCEN 114) for you. Please, let us know if you are required to file Form 8938, the main document, to compile with the FATCA regulations. In general, we will e-File the Tax Return whenever is posible.

Form 1040X. Only if we have already prepared the original 1040, will the fee be €330.00, otherwise the fee will be 465€.

For all our clients who have not filed their returns before June 1st, we will provide a 4-month automatic extension (until October 15th).

For all our clients who have not filed their returns before June 1st, we will provide a 4-month automatic extension (until October 15th).

The fee is only 110€ if we have prepared the Federal 1040, otherwise the fee will be 330.00 €. Most States require to file State taxes if you have any income from that State, and if you live there for a period of time during the year.

For a 1065 Partnership, 1120 S-Corp, or 1120 C-Corp. Deadline is March 15^th We also file the request for the 4 months’ automatic extension (until July 15^th) upon clients’ request. We can also provide accounting services upon request of a budget.

According to our general rule that our fees are based on the time spent and complexity, we are ready to analyze, assess and answer any letter or communication received from the IRS and depending on the complication and the time spend we might charge up to 220,00€

If you need to come into compliance with your U.S tax obligations, you will need to file a Streamlined Foreign Offshore Procedure: We will prepare for you 3 years of Tax Returns and six years of FBAR at the same request and all documents needed. We are experts on helping expats get back on track!  We have a special package to help you to join the IRS Streamline Procedure for €1,650.00, but it do not include neither any Form 8621 (PFICs) nor Form 5471 that you might need.

FinCEN 114 and Form 8938 are completely independent even if the data is very similar. The fees for the preparation of FinCEN 114 will be €130.00 for submitting a form with up to 5 elements, and €162.00 for up to 15 elements and from 15 to 25 elements will be €199.00. Form 8938 will be free if we have prepared the FinCEN of the calendar year. Do not hesitate to ask us for the preparation instructions and the help file that you can download FBAR and 8938 Clients data.

Generally, our clients will not need to file forms other than those included in our Federal and State tax return packages. However, for those who have more complex tax situations (those who own specific types of foreign companies) additional forms or schedules may be necessary. We will always let you know the cost before we begin preparing any document if it is different to the regular fee.

Form 8865 (Information Return of U.S. Persons with respect to certain Foreign Partnerships), Form 5471 (Information Return of U.S. Persons with respect to certain Foreign Corporations) and Form 5472  Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business.

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Generally, our clients will not need to file forms other than those included in our Federal and State tax return packages. However, for those who have more complex tax situations, those who have invested in Foreign Mutual Funds, additional forms may be necessary. We will always let you know the cost before we begin preparing any document. We calculate the deemed capital gains of the Foreign Mutual Funds according to the FIFO, as requested by the IRS.

Form 8621 – PFIC (Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund) € 310.00 each form.

Tax identification number for the IRS. Either ITIN or EIN the fee will be € 250.00. We are Certified  Acceptance Agents for the W7 in front of the IRS, since November 2024. We will verify and certify the applicant’s identity and foreign status documents, eliminating the need for the applicant to mail original, valuable documents (like passports) to the IRS.

Form 706 and Form 706NA the fee is €300.00. For the Form 706NR, only if the value of the decedent’s taxable assets in the United States exceeded $60,000 on the date of death, may have to pay inheritance tax.

Form 709, Form 709NR and Form 3520, Annual Return to Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. Gift tax.

Form 8854, Expatriation tax provisions apply to U.S. citizens who have relinquished their citizenship and long-term residents who have ended their residency.

Form 8822 Change of address

You need to file Modelo 030 every time you change the location of your residence in Spain or abroad.

According to our general rule that our fees are based on the time spent and complexity, we are ready to analyze, assess and answer any letter or communication received from the AEAT and depending on the complication and the time spend we might charge up to 275,00€

You need to file Modelo 030 every time you change the location of your residence in Spain or abroad.

Modelo 100 IRPF. This is the individual tax return for residents in Spain. In most cases, the AEAT sends you a draft to be accepted and others must be edited with foreign income and additional deductions. The fee to submit an accepted draft is € 125.00 and € 185.00 if it is edited with the foreign income.

Form 714 Wealth Tax. It is managed by the “Comunidades Autonomas” (regions) and the regulations change from one region to the other. The regular fee is €190,00, but it can vary depending on the number of assets.

Modelo 720 -Annual declaration of assets abroad, filed with the Spanish Tax Agency (AEAT), which includes financial accounts, investments, and real estate as of December 31st. The filing period is from January 1st to March 31st of the year following the year being declared. The fee is €190.00 for filing a Form 720 with up to 10 items; €245.00 for up to 15 items; €302.00 for up to 20 items; €378.00 for up to 25 declared items; for more than 25 declared items, a separate quote will be provided.

Modelo 650 – Impuesto de trasmisiones. Gift and Inheritance Tax in Spain. We can always ask for an extension of the time to file. It must be filed before six months after the transfer of the funds or the date on the death certificate.

Modelo 303 for rental activity. Those who rent a property to a company to carry out an economic activity must submit a quarterly VAT return. You do not have to submit the annual summary 390.

Modelo 149 – Application to the Special Tax Regime (old Beckham Law)

Modelo 151 – Tax return fo those under the Spaecial Tax Regime (old Beckham Law).

Modelo 210 IRNR – Non-resident Income Tax Return which source is Spain for non-fiscal residents.

Modelo 210. IRNR Non-resident Income Tax on Real Estate. If are a nonfiscal resident in Spain and you own a property in Spain:

If the property is at your disposal (not rented) you might have to file this form before the end of the year and pay Imputed Tax, which will be 24% of the 1.1% of the cadastral value of the property in concept of income imputed to the property.

If the property is rented you must file this form and pay annually 24% of taxes on gross rental income. Deductions are not possible.

Modelo 130, 303 and 111 and the corresponding annual forms: Modelos 390 and 190. The self-employed may be required to submit up to 4 quarterly statements depending on the economic activity they develop. Modelo 130 is the quarterly income tax payments of a self-employed person. The Modelo 303 corresponds to the quarterly VAT. Modelo 111 corresponds to the withholdings that you have made to your workers as well as to other suppliers for the type of economic activity.

Registration as “Autonomo” is €200 to be deducted from the two following quarterly invoices

Quarterly and Annual forms with two payrolls. Corporate Mercantile Register annual reporting.

The fees, in general, are set based on the work done, the complexity of the declaration and the time of dedication.