FEES & DESCRIPTION
All our fees for Tax Returns are based on the time spent and complexity. You can ask us for the estimated time needed of any Form suggested by the IRS.
U.S. TAX RETURNS – List of fees (VAT not included)
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 do not do E-Filing, all our tax returns are filed on paper, and it is required that taxpayers sign them and mail them to the IRS.
Form 1040X. Only if we have already prepared the original 1040, will the fee be €320.00, otherwise the fee will be 450€.
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 100€ if we have prepared the Federal 1040, otherwise the fee will be 320.00 €. 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 15th We also file the request for the 4 months’ automatic extension (until July 15th) 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 210,00€
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 €1,600.00, 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 €125.00 for submitting a form with up to 5 elements, and €155.00 for up to 15 elements and from 15 to 25 elements will be €191.00. 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.
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) € 300.00 each form.
Tax identification number for the IRS. Either ITIN or EIN the fee will be € 180.00. We have been Acceptance Agents for the W7 in front of the IRS, since May 2018.
Form 706NA the fee is €270.00. 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 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.
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 € 115.00 and € 160.00 if it is edited with the foreign income.
Non-resident Income Tax which source is Spain for non-fiscal residents.
Corresponds to the Spanish tax authorities – AEAT. Annual report of assets abroad, which includes financial accounts, investments and real estate. Your deadline is March 31 of each year. The fee will be € 160.00 for submitting a 720 that has up to 10 items; € 215.00 up to 15 items; € 265.00 up to 20 items; € 316.00 up to 25 items reported; from 25 items reported the work to be done will be budgeted.
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.
Preparation and filing the Modelo 149 to apply for the special Regime known as the Beckham Law. This Tax Regime will allow you to pay 24% of taxes from your gross income, both in earned income and passive income.
Resident’s income under the Beckham Law. (annual) This declaration corresponds to all those who have been granted this status by which they have to pay 24% of taxes from their gross income, both in earned income and passive income.
Non-resident Income Tax. Income imputed (annual). All non-residents who maintain a property in Spain at their disposal is to say that it is not rented, must file this form before the end of the year paying 24% of the 1.1% of the cadastral value of the property in concept of income imputed to the property.
Rents in Spain of non-residents (Quarterly) Individuals who rent a flat or premises and who are non-residents must pay quarterly 24% of taxes on gross rental income. There are no possible deductions.
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 200,00€
Modelo 130, 303 and 111 and the corresponding annual forms: 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. Model 111 corresponds to the withholdings that you have made to your workers as well as to other suppliers for the type of economic activity.
Quarterly and Annual forms with two payrolls. Corporate Tax Return Mercantile annual.
The fees, in general, are set based on the work done, the complexity of the declaration and the time of dedication.