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When Doing A Partnership Tax Return, Are We Required To Submit A Paper Copy Of The Federal Schedule K-1 For Each One?
User Photo Kathryn Morgan
Tax Professional Level: Master Tax Advisor

If you are filing the 1065 online the partners K1's should flow with the return automatically. If you are mailing it then, yes, be sure to include the K1s with the return.   Read More
User Photo Michael Metz
Tax Professional Level: Tax Enthusiast

Generally, you would use Form 1120X provided the original return was filed on Form 1120.   Read More
User Photo Carlos Gabarro
Tax Professional Level: Tax Enthusiast

As per the Spanish tax authorities criteria, generally a closed CV will be disregarded for Spanish tax purposes (hence, Spain will look-through the partnership into the US and apply, where required the US-Spain...   Read More
User Photo Carlos Gabarro
Tax Professional Level: Tax Enthusiast

From your question I presume the US LLC has not been checked for US federal tax purposes; thus, it is a disregarded entity for US tax purposes. The answer is yes, limited tax treaty rates (10%/15% under the current...   Read More
0 0 Spain
User Photo Carlos Gabarro
Tax Professional Level: Tax Enthusiast

Generally, the answer is yes unless a double tax treaty provides protection. Spain tax treaties, specially the most recently signed ones, follow OECD guidelines and grant taxing rights to the country where the real...   Read More
0 0 Spain
User Photo Carlos Gabarro
Tax Professional Level: Tax Enthusiast

No, Wealth Tax does not apply to entities but to individuals. Spanish resident individuals are subject to this Tax (nowadays with the only exception of those resident in Madrid) on their worldwide assets. Foreign...   Read More
User Photo Chuck Heyde, CPA, CGMA
Tax Professional Level: Tax Wizard

Very loaded question.... There are lots to look at. But off the top of my head: 1) foreign tax credits (passive and general) 2) foreign exclusion - http://gemms.us/tools/foreign-earned-income-exclusion 3)...   Read More
User Photo Chuck Heyde, CPA, CGMA
Tax Professional Level: Tax Wizard

I always recommend my taxpayers to contribute as much as they can to their 401(k). Other than that - there are NO tax preferential vehicles available to you. Best regards, Chuck Heyde, CPA, CGMA www.GEMMS.us   Read More
User Photo Chuck Heyde, CPA, CGMA
Tax Professional Level: Tax Wizard

Nope... Chuck Heyde, CPA, CGMA www.GEMMS.us   Read More


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