As foreign resident expat in Spain, or if you live in the US or another country but have Spanish assets, you may be wondering whether you are subject to the Spanish wealth tax. The answer in both scenarios is yes, depending on the total value or your assets. There...
If you’re an American living in Spain, you may have heard of FATCA (the Foreign Account Tax Compliance Act), however many American expats who have savings and investments abroad aren’t aware that they have a responsibility to file Form 8938. Mired by controversy due...
For American expats residing in Spain, navigating the complex world of US tax regulations can be challenging. One area that demands particular attention is the Passive Foreign Investment Company (PFIC) rules. If you are a US expat with investments in foreign mutual...
Spain is renowned for its culture, climate, and cuisine, making it a top destination for tourists and expatriates alike. Whether you are already living in Spain or planning to relocate there for work, study, or retirement, you will often have to open a local bank...
As an American expat living in Spain, there are several important US reporting requirements you need to be aware of besides filing a US tax return. Understanding and complying with Foreign Bank Account Report (FBAR) rules is essential to avoid run-ins with Uncle Sam...
Americans living in Spain enjoy many benefits, including a great quality of life, fascinating culture, and the ability to easily explore the rest of Europe, too. It’s important to be aware of your US tax and reporting obligations though, which, in common with all...