U.S. Tax Services for Americans Living in Spain
MOVING TO SPAIN — OR ALREADY HERE?
Your U.S. Tax Obligations Move With You.
Whether you’re planning a move to Spain or already living here, Freyman CPA provides U.S. tax preparation, planning, and international reporting for Americans in Alicante, Madrid, and throughout Spain.
ALREADY LIVING IN SPAIN AND NEED A U.S. CPA?
Living in Spain doesn’t mean leaving the U.S. tax system behind. U.S. citizens living abroad generally continue to have U.S. federal tax filing obligations, while foreign bank accounts, investments, businesses and income can introduce additional reporting and planning considerations.
Freyman CPA helps Americans living in Spain manage the U.S. side of their tax lives—from annual U.S. tax preparation to foreign account reporting, tax planning and business taxation.
U.S. Tax Help While You Live in Spain
Our services for Americans living in Spain may include:
• U.S. individual income tax preparation
• Foreign Tax Credit planning
• Foreign Earned Income Exclusion analysis
• FBAR foreign bank account reporting
• FATCA and Form 8938 reporting
• U.S. business and S corporation taxation
• LLC and self-employment tax considerations
• Estimated tax planning
• Retirement and investment tax considerations
• Prior-year U.S. tax compliance
• Coordination with Spanish tax and legal professionals
PLANNING A MOVE FROM THE U.S. TO SPAIN?
The period before moving to Spain can be one of the most important opportunities for tax planning.
Decisions involving the timing of your move, U.S. business ownership, investments, retirement accounts, income and financial accounts can have tax consequences that are much easier to evaluate before establishing your new life abroad.
Freyman CPA helps individuals, families and business owners understand the U.S. tax implications of moving to Spain and identify issues that should be considered with their Spanish tax or legal advisers before important decisions are made.
PRE-MOVE PLANNING MAY INCLUDE:
• Continuing U.S. federal tax filing obligations
• Foreign Tax Credit considerations
• Foreign Earned Income Exclusion considerations
• U.S. business ownership and S corporations
• LLC and self-employment issues
• Retirement and brokerage accounts
• Capital gains and investment transactions
• Foreign bank and financial accounts
• FBAR and FATCA reporting
• Estimated tax planning
• Coordination with Spanish tax and immigration professionals
U.S. BUSINESS OWNER LIVING IN — OR MOVING TO — SPAIN?
Moving to Spain can create additional considerations when you own a U.S. business. Your U.S. corporation, S corporation or LLC does not simply disappear because you relocate abroad, and decisions involving compensation, distributions, self-employment, payroll and business structure may need to be considered from both a U.S. and Spanish perspective.
Freyman CPA helps U.S. business owners understand the U.S. tax side of operating their businesses while living in Spain and can coordinate with Spanish tax and legal professionals regarding Spanish requirements.
U.S. BUSINESS STRUCTURES
SELF-EMPLOYED & ENTREPRENEURS
CROSS-BORDER PLANNING
Already own an S corporation, LLC or other U.S. business? We help evaluate the U.S. tax implications of operating that business while living in Spain and coordinate planning with your Spanish tax and legal advisers.
U.S. tax considerations for consultants, professionals and entrepreneurs living in Spain.
Coordination of U.S. tax considerations with your Spanish tax and legal advisers.
U.S. TAX SERVICES IN ALICANTE, MADRID & THROUGHOUT SPAIN
Whether you are living on Spain’s Mediterranean coast, based in Madrid, or settling elsewhere in the country, your U.S. tax filing and reporting obligations can follow you abroad.
Freyman CPA works with Americans throughout Spain who need help navigating the U.S. side of their financial lives. Our focus includes U.S. tax preparation, international reporting and planning for individuals, families and business owners—while coordinating with Spanish tax and legal professionals when Spanish expertise is needed.
FREQUENTLY ASKED U.S. TAX QUESTIONS FOR AMERICANS IN SPAIN
DO U.S. CITIZENS LIVING IN SPAIN STILL HAVE TO FILE U.S. TAX RETURNS?
Generally, U.S. citizens remain subject to U.S. federal income tax filing requirements even while living abroad. However, provisions such as the Foreign Tax Credit and Foreign Earned Income Exclusion may affect how income is ultimately taxed. The appropriate approach depends on your individual circumstances.
WILL I PAY TAX TWICE ON THE SAME INCOME?
Living in Spain can create tax obligations in both Spain and the United States, but mechanisms such as foreign tax credits and the U.S.-Spain income tax treaty may help address double taxation in many situations. Cross-border planning is important because the treatment can vary depending on the type and source of income.
DO I NEED TO FILE AN FBAR IF I HAVE BANK ACCOUNTS IN SPAIN?
U.S. persons with foreign financial accounts may have an FBAR filing requirement when the combined value of applicable foreign accounts exceeds the reporting threshold. Additional foreign financial asset reporting, including Form 8938, may also apply depending on the circumstances.
WHAT HAPPENS TO MY U.S. BUSINESS IF I MOVE TO SPAIN?
Moving to Spain does not automatically eliminate or change your U.S. business entity, but operating a U.S. corporation, S corporation, LLC or other business while living in Spain can introduce additional U.S. and Spanish tax considerations. Business owners should evaluate their structure before moving when possible and coordinate U.S. planning with qualified Spanish tax and legal professionals.
