por Antonio Rodriguez | Ago 20, 2024 | Financial planing, IRS - Internal Revenue Service, Uncategorized, US Tax Consultants, US Tax Return 1040 / 1040NR
If you’re not familiar with U.S. taxes, the idea of an «Exit Tax» might sound confusing. Different rules apply according to the date upon which you expatriated, so be sure that you have checked your exact expatriation date. The article is based on the ruling for...
por Antonio Rodriguez | Ago 17, 2024 | Amnesty, IRS - Internal Revenue Service, US Tax Return 1040 / 1040NR
Form 1040 is the standard federal income tax form that individuals use to report their income to the IRS. All U.S. persons (US Citizens, GreenCard Holder and Resident Aliens) are required to file a Form 1040 annually, regardless of their income source, the country...
por Antonio Rodriguez | Jul 6, 2024 | AEAT, Business, IRPF Spanish Tax Return, Modelo 720
Tax residents in Spain with income from the United States according to the AEAT Tax residence A natural person is fiscal resident in Spanish territory when any of the following circumstances occur: They have stayed longer than 183 days in Spanish territory over the...
por Antonio Rodriguez | Jul 6, 2024 | FATCA, FBAR, Finances, IRS - Internal Revenue Service, PFIC Form 8621
For US Citizens and Green Card holders who hold assets with foreign institutions, for whatever reason, the tax ramifications are an area of serious concern. The Internal Revenue Service (IRS) treats money held in foreign banks differently than money held in domestic...
por Antonio Rodriguez | Jul 5, 2024 | Financial Planning, PFIC Form 8621
Passive Foreign Investment Company (PFIC) A foreign entity/form of investment is a PFIC if it meets either the income or asset test described below. Income test. 75% or more of the corporation’s gross income for its taxable year is passive income (as defined in...
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